Boothbay Fund Management LLC Takes $604,000 Position in COPT Defense Properties (NYSE:CDP)

Boothbay Fund Management LLC purchased a new stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,530 shares of the company's stock, valued at approximately $604,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in COPT Defense Properties during the fourth quarter worth about $16,063,000. KBC Group NV grew its holdings in shares of COPT Defense Properties by 33.4% during the fourth quarter. KBC Group NV now owns 5,081 shares of the company's stock valued at $157,000 after buying an additional 1,271 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of COPT Defense Properties by 5.1% in the fourth 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. JPMorgan Chase & Co. boosted its holdings in COPT Defense Properties by 35.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company's stock worth $81,689,000 after acquiring an additional 710,491 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of COPT Defense Properties by 192.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,158,207 shares of the company's stock valued at $35,847,000 after purchasing an additional 762,840 shares during the last quarter.

COPT Defense Properties Stock Up 0.8 %

Shares of COPT Defense Properties stock traded up $0.22 on Tuesday, reaching $26.44. The company's stock had a trading volume of 170,249 shares, compared to its average volume of 910,974. COPT Defense Properties has a 52 week low of $23.47 and a 52 week high of $34.22. The firm's fifty day simple moving average is $26.50 and its two-hundred day simple moving average is $29.17. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 21.47 and a beta of 0.86. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56.

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

COPT Defense Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st were paid 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 dividend yield of 4.61%. The ex-dividend date of this dividend was Monday, March 31st. COPT Defense Properties's payout ratio is currently 97.60%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group assumed coverage on COPT Defense Properties in a research report on Monday, March 17th. They set a "buy" rating and a $31.00 target price 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's stock. According to data from MarketBeat.com, COPT Defense Properties has a consensus rating of "Moderate Buy" and an average target price of $33.43.

About COPT Defense Properties

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.