State of New Jersey Common Pension Fund D lowered its stake in COPT Defense Properties (NYSE:CDP – Free Report) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,169 shares of the company’s stock after selling 4,748 shares during the period. State of New Jersey Common Pension Fund D’s holdings in COPT Defense Properties were worth $6,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its position in COPT Defense Properties by 32.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 55,516 shares of the company’s stock valued at $1,684,000 after purchasing an additional 13,606 shares in the last quarter. Intech Investment Management LLC raised its position in COPT Defense Properties by 82.3% in the 3rd quarter. Intech Investment Management LLC now owns 38,874 shares of the company’s stock valued at $1,179,000 after purchasing an additional 17,553 shares in the last quarter. FMR LLC raised its position in COPT Defense Properties by 1.8% in the 3rd quarter. FMR LLC now owns 2,763,277 shares of the company’s stock valued at $83,810,000 after purchasing an additional 49,300 shares in the last quarter. Nordea Investment Management AB raised its position in COPT Defense Properties by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 376,938 shares of the company’s stock valued at $11,666,000 after purchasing an additional 18,278 shares in the last quarter. Finally, KBC Group NV raised its position in COPT Defense Properties by 33.4% in the 4th quarter. KBC Group NV now owns 5,081 shares of the company’s stock valued at $157,000 after purchasing an additional 1,271 shares in the last quarter.
COPT Defense Properties Trading Up 0.2 %
Shares of CDP stock opened at $27.34 on Wednesday. The business’s 50 day moving average is $30.01 and its two-hundred day moving average is $30.50. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22. The company has a market capitalization of $3.08 billion, a P/E ratio of 22.22 and a beta of 0.98. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on CDP. Jefferies Financial Group reduced their price target on COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Truist Financial raised 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. BTIG Research raised their target price on COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI raised their target price on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, COPT Defense Properties has an average rating of “Moderate Buy” and a consensus target price of $32.88.
Get Our Latest Research Report on CDP
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.
Further Reading
- Five stocks we like better than COPT Defense Properties
- How to Short a Stock in 5 Easy Steps
- Hims & Hers Earnings Could Be a Game Changer—What to Do Now
- Top Biotech Stocks: Exploring Innovation Opportunities
- DeepSeek IPO Remains Far Off—Investors Eye 4 Chinese AI Stocks
- Stock Dividend Cuts Happen Are You Ready?
- Mortgage Market Bottom? Why Rocket Companies Could Be a Buy
Want to see what other hedge funds are holding CDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for COPT Defense Properties (NYSE:CDP – Free Report).
Receive News & Ratings for COPT Defense Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for COPT Defense Properties and related companies with MarketBeat.com's FREE daily email newsletter.