Hillsdale Investment Management Inc. Sells 1,700 Shares of COPT Defense Properties (NYSE:CDP)

Hillsdale Investment Management Inc. trimmed its position in COPT Defense Properties (NYSE:CDP) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,100 shares of the company’s stock after selling 1,700 shares during the quarter. Hillsdale Investment Management Inc. owned approximately 0.11% of COPT Defense Properties worth $3,965,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Cbre Investment Management Listed Real Assets LLC increased its stake 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 acquiring an additional 762,840 shares during 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 in the last quarter. JPMorgan Chase & Co. raised its stake in 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 purchasing an additional 710,491 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in COPT Defense Properties by 404.8% during the third 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 purchasing an additional 635,705 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in COPT Defense Properties in the 4th quarter worth approximately $16,063,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CDP shares. Jefferies Financial Group started coverage on shares of COPT Defense Properties in a report on Monday, March 17th. They set a “buy” rating and a $31.00 price objective for the company. Truist Financial lifted their price target on 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 increased their price objective on COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.43.

COPT Defense Properties Stock Down 1.1 %

Shares of NYSE:CDP opened at $26.78 on Friday. The stock has a market capitalization of $3.02 billion, a P/E ratio of 21.78 and a beta of 0.96. The stock’s 50-day moving average price is $28.09 and its 200-day moving average price is $30.16. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $34.22.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) 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, equities analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be issued a dividend of $0.305 per share. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend is Monday, March 31st. COPT Defense Properties’s dividend payout ratio is currently 99.19%.

COPT Defense Properties Company 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.