COPT Defense Properties (NYSE:CDP) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its position in COPT Defense Properties (NYSE:CDP) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,780 shares of the company’s stock after purchasing an additional 1,890 shares during the period. Nomura Asset Management Co. Ltd. owned 0.12% of COPT Defense Properties worth $4,270,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spirit of America Management Corp NY acquired a new stake in COPT Defense Properties in the second quarter valued at $50,000. Quarry LP increased its holdings in shares of COPT Defense Properties by 711.4% in the 2nd quarter. Quarry LP now owns 3,481 shares of the company’s stock valued at $87,000 after acquiring an additional 3,052 shares during the last quarter. KBC Group NV raised its position in shares of 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of COPT Defense Properties by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,372 shares of the company’s stock worth $134,000 after acquiring an additional 1,130 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in COPT Defense Properties during the third quarter worth approximately $208,000.

COPT Defense Properties Trading Down 0.4 %

NYSE CDP opened at $32.50 on Friday. The firm’s fifty day moving average is $31.96 and its two-hundred day moving average is $29.07. COPT Defense Properties has a one year low of $22.20 and a one year high of $34.22. 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 firm has a market cap of $3.66 billion, a PE ratio of 26.64 and a beta of 0.98.

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

COPT Defense Properties Dividend Announcement

The business also recently declared 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 annualized dividend 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 (DPR) is presently 96.72%.

Analyst Upgrades and Downgrades

CDP has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of COPT Defense Properties from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. BTIG Research increased their target price on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Evercore ISI boosted their price target on shares of COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company decreased their price objective on shares of 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. Finally, Truist Financial lifted their target price on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

About COPT Defense Properties

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.