Brevan Howard Capital Management LP Grows Stock Position in COPT Defense Properties (NYSE:CDP)

Brevan Howard Capital Management LP increased its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 128.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,740 shares of the company's stock after buying an additional 22,910 shares during the period. Brevan Howard Capital Management LP's holdings in COPT Defense Properties were worth $1,261,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. FIL Ltd increased its holdings in shares of COPT Defense Properties by 17.8% during the 4th quarter. FIL Ltd now owns 2,591 shares of the company's stock worth $80,000 after buying an additional 391 shares during the last quarter. GAMMA Investing LLC grew its position in shares of COPT Defense Properties by 77.8% during the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock worth $43,000 after buying an additional 614 shares in the last quarter. M&T Bank Corp increased its position in shares of COPT Defense Properties by 3.1% in the 4th quarter. M&T Bank Corp now owns 21,889 shares of the company's stock valued at $677,000 after purchasing an additional 663 shares during the last quarter. Xponance Inc. lifted its holdings in COPT Defense Properties by 5.9% during the 4th quarter. Xponance Inc. now owns 16,157 shares of the company's stock worth $500,000 after buying an additional 905 shares during the last quarter. Finally, Spirit of America Management Corp NY boosted its holdings in COPT Defense Properties by 25.0% in the fourth quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company's stock valued at $155,000 after purchasing an additional 1,000 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group initiated coverage on shares of COPT Defense Properties in a research report 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 given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $33.43.

COPT Defense Properties Stock Performance

COPT Defense Properties stock opened at $26.61 on Thursday. The firm has a market capitalization of $3.00 billion, a PE ratio of 21.63 and a beta of 0.86. COPT Defense Properties has a one year low of $23.47 and a one year high of $34.22. The stock's 50 day moving average price is $26.48 and its 200 day moving average price is $29.13. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.65 earnings per share for the quarter, meeting analysts' consensus estimates of $0.65. The company had revenue of $187.86 million during the quarter, compared to analysts' expectations of $186.37 million. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 EPS. As a group, sell-side analysts expect that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, March 31st were given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio is currently 97.60%.

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.

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