Central Pacific Bank Trust Division Has $192,000 Stock Position in COPT Defense Properties (NYSE:CDP)

Central Pacific Bank Trust Division lessened its holdings in shares of COPT Defense Properties (NYSE:CDP) by 17.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,194 shares of the company’s stock after selling 1,300 shares during the quarter. Central Pacific Bank Trust Division’s holdings in COPT Defense Properties were worth $192,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CDP. GAMMA Investing LLC raised its position in shares of COPT Defense Properties by 77.8% during the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock worth $43,000 after purchasing an additional 614 shares during the period. Quarry LP raised its holdings in COPT Defense Properties by 711.4% during the 2nd quarter. Quarry LP now owns 3,481 shares of the company’s stock worth $87,000 after buying an additional 3,052 shares during the period. Wilmington Savings Fund Society FSB bought a new position in COPT Defense Properties in the third quarter valued at approximately $91,000. KBC Group NV boosted its holdings 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 valued at $116,000 after buying an additional 840 shares during the period. Finally, Spirit of America Management Corp NY increased its position in shares of COPT Defense Properties by 100.0% during the third quarter. Spirit of America Management Corp NY now owns 4,000 shares of the company’s stock worth $121,000 after acquiring an additional 2,000 shares in the last quarter.

COPT Defense Properties Trading Up 0.3 %

NYSE CDP opened at $30.98 on Friday. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The stock has a 50 day moving average of $31.81 and a 200-day moving average of $29.79. The company has a market cap of $3.49 billion, a PE ratio of 25.39 and a beta of 0.98.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.32). The firm had revenue of $189.23 million during the quarter, compared to analyst estimates of $167.37 million. COPT Defense Properties had a net margin of 18.34% and a return on equity of 8.99%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. On average, equities research analysts anticipate that COPT Defense Properties will post 2.58 EPS for the current fiscal year.

COPT Defense Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.295 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.18 annualized dividend and a yield of 3.81%. COPT Defense Properties’s dividend payout ratio is 96.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CDP shares. Jefferies Financial Group reduced their target price on shares of COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday. Wells Fargo & Company decreased their price objective on COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Evercore ISI boosted their target price on COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial raised their price target on shares of 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, BTIG Research boosted their price objective on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, COPT Defense Properties presently has an average rating of “Moderate Buy” and a consensus price target of $32.88.

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.