Captrust Financial Advisors Sells 426 Shares of COPT Defense Properties (NYSE:CDP)

Captrust Financial Advisors decreased its position in shares of COPT Defense Properties (NYSE:CDP) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,744 shares of the company’s stock after selling 426 shares during the quarter. Captrust Financial Advisors’ holdings in COPT Defense Properties were worth $356,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC boosted its position in shares of 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 purchasing an additional 1,293,761 shares in the last quarter. FMR LLC lifted its holdings in COPT Defense Properties by 1.8% during the third quarter. FMR LLC now owns 2,763,277 shares of the company’s stock worth $83,810,000 after acquiring an additional 49,300 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in COPT Defense Properties by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,522,955 shares of the company’s stock valued at $76,521,000 after acquiring an additional 18,770 shares during the period. Sei Investments Co. increased its holdings in shares of COPT Defense Properties by 9.6% in 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 position in shares of 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 purchasing an additional 69,656 shares during the period.

COPT Defense Properties Stock Down 0.4 %

COPT Defense Properties stock opened at $32.50 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a 1-year low of $22.20 and a 1-year high of $34.22. The company has a fifty day simple moving average of $31.96 and a 200 day simple moving average of $29.07. The company has a market cap of $3.66 billion, a P/E ratio of 26.64 and a beta of 0.98.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.32). COPT Defense Properties had a net margin of 18.34% and a return on equity of 8.99%. The company had revenue of $189.23 million during the quarter, compared to the consensus estimate of $167.37 million. During the same quarter in the previous year, the business earned $0.60 EPS. COPT Defense Properties’s revenue was up 12.3% on a year-over-year basis. Research analysts anticipate that COPT Defense Properties will post 2.58 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Tuesday, December 31st. COPT Defense Properties’s dividend payout ratio is currently 96.72%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CDP shares. 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 research note on Wednesday, October 30th. Wells Fargo & Company reduced their price target on shares of COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Truist Financial raised their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price objective on shares of COPT Defense Properties from $26.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. Finally, BTIG Research increased their target price on COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.00.

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.