Atria Investments Inc Has $402,000 Stake in COPT Defense Properties (NYSE:CDP)

Atria Investments Inc lifted its position in COPT Defense Properties (NYSE:CDP) by 63.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,256 shares of the company’s stock after purchasing an additional 5,135 shares during the quarter. Atria Investments Inc’s holdings in COPT Defense Properties were worth $402,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. acquired a new position in shares of COPT Defense Properties in the first quarter valued at $407,496,000. Earnest Partners LLC acquired a new position in COPT Defense Properties during the first quarter worth $129,344,000. Millennium Management LLC raised its stake in COPT Defense Properties by 65.3% during the second quarter. Millennium Management LLC now owns 3,274,008 shares of the company’s stock worth $81,948,000 after acquiring an additional 1,293,761 shares in the last quarter. Sei Investments Co. raised its stake in COPT Defense Properties by 9.6% during the second quarter. Sei Investments Co. now owns 1,983,526 shares of the company’s stock worth $49,648,000 after acquiring an additional 174,206 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in COPT Defense Properties by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,630,799 shares of the company’s stock worth $40,818,000 after acquiring an additional 69,656 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Truist Financial increased their price objective on COPT Defense Properties from $27.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. Wells Fargo & Company dropped their price objective on COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Wedbush increased their price objective on COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their price objective on COPT Defense Properties from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Finally, Evercore ISI increased their target price on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.86.

COPT Defense Properties Price Performance

Shares of CDP stock opened at $31.16 on Friday. The stock’s fifty day moving average is $31.30 and its 200-day moving average is $28.17. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.38. The stock has a market capitalization of $3.51 billion, a PE ratio of 25.54 and a beta of 0.98. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $34.22.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.32). The firm had revenue of $189.23 million during the quarter, compared to the consensus estimate of $167.37 million. COPT Defense Properties had a net margin of 18.34% and a return on equity of 8.99%. COPT Defense Properties’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 EPS. Equities research analysts expect that COPT Defense Properties will post 2.57 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 3.79%. The ex-dividend date is Tuesday, December 31st. COPT Defense Properties’s dividend payout ratio is 96.72%.

Insider Activity at COPT Defense Properties

In other COPT Defense Properties news, COO Britt A. Snider purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were bought at an average price of $29.41 per share, with a total value of $29,410.00. Following the completion of the transaction, the chief operating officer now directly owns 2,000 shares in the company, valued at $58,820. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is owned by company insiders.

COPT Defense Properties Profile

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.