Daiwa Securities Group Inc. Purchases 6,343 Shares of COPT Defense Properties (NYSE:CDP)

Daiwa Securities Group Inc. grew its position in shares of COPT Defense Properties (NYSE:CDP) by 15.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,084 shares of the company’s stock after buying an additional 6,343 shares during the quarter. Daiwa Securities Group Inc.’s holdings in COPT Defense Properties were worth $1,457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CDP. GAMMA Investing LLC raised its position in COPT Defense Properties by 77.8% in the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock valued at $43,000 after purchasing an additional 614 shares during the last quarter. M&T Bank Corp lifted its position in COPT Defense Properties by 3.1% during the 4th quarter. M&T Bank Corp now owns 21,889 shares of the company’s stock worth $677,000 after buying an additional 663 shares in the last quarter. KBC Group NV grew its holdings in COPT Defense Properties by 28.3% during the 3rd quarter. KBC Group NV now owns 3,810 shares of the company’s stock worth $116,000 after acquiring an additional 840 shares during the last quarter. Spirit of America Management Corp NY increased its position in COPT Defense Properties by 25.0% in the 4th quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company’s stock valued at $155,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Metis Global Partners LLC raised its stake in shares of COPT Defense Properties by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 12,893 shares of the company’s stock worth $399,000 after acquiring an additional 1,316 shares during the last quarter.

COPT Defense Properties Stock Up 2.2 %

COPT Defense Properties stock opened at $26.85 on Friday. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 21.83 and a beta of 0.96. The company’s 50 day simple moving average is $28.36 and its 200 day simple moving average is $30.24. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. COPT Defense Properties has a fifty-two week low of $22.20 and a fifty-two week high of $34.22.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. As a group, sell-side analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be given a dividend of $0.305 per share. The ex-dividend date is Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.54%. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30. COPT Defense Properties’s dividend payout ratio (DPR) is currently 99.19%.

Analysts Set New Price Targets

Several research firms recently weighed in on CDP. Truist Financial boosted their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. BTIG Research boosted their price objective on COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group lowered their price target on shares of COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Three research 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.88.

COPT Defense Properties 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.