Victory Capital Management Inc. Reduces Stock Holdings in COPT Defense Properties (NYSE:CDP)

Victory Capital Management Inc. lowered its holdings in shares of COPT Defense Properties (NYSE:CDP) by 13.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,516,114 shares of the company’s stock after selling 564,039 shares during the quarter. Victory Capital Management Inc.’s holdings in COPT Defense Properties were worth $108,824,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of COPT Defense Properties by 77.8% in the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock worth $43,000 after buying an additional 614 shares during the period. USA Financial Formulas acquired a new position in shares of COPT Defense Properties in the fourth quarter valued at about $90,000. Wilmington Savings Fund Society FSB acquired a new position in shares of COPT Defense Properties in the third quarter valued at about $91,000. KBC Group NV boosted its stake in shares of COPT Defense Properties by 28.3% in the third quarter. KBC Group NV now owns 3,810 shares of the company’s stock worth $116,000 after buying an additional 840 shares during the last quarter. Finally, Spirit of America Management Corp NY boosted its stake in shares of COPT Defense Properties by 25.0% in the fourth quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company’s stock worth $155,000 after buying an additional 1,000 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CDP. BTIG Research increased their price target on COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Truist Financial raised their target price on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group cut their target price on COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $32.88.

COPT Defense Properties Trading Up 0.7 %

CDP opened at $27.02 on Thursday. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $34.22. The business has a fifty day simple moving average of $28.95 and a 200-day simple moving average of $30.35. The firm has a market cap of $3.04 billion, a P/E ratio of 21.97 and a beta of 0.96. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56.

COPT Defense Properties (NYSE:CDP) last released its earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. On average, equities analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be paid a dividend of $0.305 per share. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, March 31st. This represents a $1.22 annualized dividend and a yield of 4.52%. COPT Defense Properties’s payout ratio is presently 99.19%.

COPT Defense Properties Company Profile

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.