EntryPoint Capital LLC Makes New Investment in COPT Defense Properties (NYSE:CDP)

EntryPoint Capital LLC purchased a new position in shares of COPT Defense Properties (NYSE:CDP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,449 shares of the company’s stock, valued at approximately $323,000.

A number of other large investors also recently modified their holdings of the company. Cbre Investment Management Listed Real Assets LLC increased its holdings in COPT Defense Properties by 192.9% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,158,207 shares of the company’s stock worth $35,847,000 after purchasing an additional 762,840 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of COPT Defense Properties by 61.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company’s stock worth $59,001,000 after purchasing an additional 723,486 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of COPT Defense Properties by 35.8% in the third quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company’s stock valued at $81,689,000 after buying an additional 710,491 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in COPT Defense Properties by 404.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 792,728 shares of the company’s stock valued at $24,043,000 after buying an additional 635,705 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in COPT Defense Properties during the 4th quarter worth approximately $16,063,000.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CDP shares. Jefferies Financial Group started coverage on shares of COPT Defense Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $31.00 price target for the company. Truist Financial increased their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $33.43.

COPT Defense Properties Trading Down 0.2 %

CDP opened at $27.07 on Friday. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22. The company has a fifty day moving average of $27.89 and a 200-day moving average of $30.09. The stock has a market cap of $3.05 billion, a PE ratio of 22.01 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 posted its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts predict 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. Shareholders of record on Monday, March 31st will be issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.51%. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, March 31st. COPT Defense Properties’s dividend payout ratio is presently 99.19%.

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.