COPT Defense Properties (NYSE:CDP) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC boosted its position in COPT Defense Properties (NYSE:CDP - Free Report) by 32.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,103,627 shares of the company's stock after buying an additional 270,508 shares during the quarter. AQR Capital Management LLC owned 0.98% of COPT Defense Properties worth $33,981,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CDP. Alliancebernstein L.P. increased its position in shares of COPT Defense Properties by 813.0% during the fourth quarter. Alliancebernstein L.P. now owns 6,247,854 shares of the company's stock worth $193,371,000 after acquiring an additional 5,563,548 shares during the last quarter. Norges Bank acquired a new stake in COPT Defense Properties during the 4th quarter valued at approximately $45,718,000. Cbre Investment Management Listed Real Assets LLC increased its holdings in COPT Defense Properties by 192.9% during 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 during the last quarter. Principal Financial Group Inc. raised its position in shares of COPT Defense Properties by 61.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company's stock valued at $59,001,000 after purchasing an additional 723,486 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of COPT Defense Properties by 35.8% during the 3rd 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 last quarter.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group started coverage on shares of COPT Defense Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $31.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.43.

COPT Defense Properties Stock Performance

Shares of CDP stock traded down $0.31 on Monday, hitting $26.25. 607,376 shares of the stock traded hands, compared to its average volume of 913,394. The company's fifty day moving average is $26.50 and its 200 day moving average is $29.17. COPT Defense Properties has a 1-year low of $23.47 and a 1-year high of $34.22. The company has a market capitalization of $2.96 billion, a PE ratio of 21.34 and a beta of 0.86. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.65. The business had revenue of $187.86 million for the quarter, compared to the consensus estimate of $186.37 million. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. The business's revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. On average, equities research analysts predict that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were paid a $0.305 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.22 annualized dividend and a dividend yield of 4.65%. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio (DPR) is presently 97.60%.

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.