Caxton Associates LP Grows Holdings in COPT Defense Properties (NYSE:CDP)

Caxton Associates LP raised its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 140.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,611 shares of the company's stock after buying an additional 21,989 shares during the quarter. Caxton Associates LP's holdings in COPT Defense Properties were worth $1,164,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. FIL Ltd raised its stake in COPT Defense Properties by 17.8% during the fourth quarter. FIL Ltd now owns 2,591 shares of the company's stock valued at $80,000 after purchasing an additional 391 shares in the last quarter. GAMMA Investing LLC grew its position in COPT Defense Properties by 77.8% in the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock worth $43,000 after acquiring an additional 614 shares in the last quarter. M&T Bank Corp increased its stake in COPT Defense Properties by 3.1% during the fourth quarter. M&T Bank Corp now owns 21,889 shares of the company's stock worth $677,000 after acquiring an additional 663 shares during the last quarter. Xponance Inc. raised its position in COPT Defense Properties by 5.9% during the fourth quarter. Xponance Inc. now owns 16,157 shares of the company's stock valued at $500,000 after purchasing an additional 905 shares during the period. Finally, Spirit of America Management Corp NY lifted its stake in shares of COPT Defense Properties by 25.0% in the 4th 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 during the last quarter.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group initiated coverage on COPT Defense Properties in a report on Monday, March 17th. They set a "buy" rating and a $31.00 price target on the stock. Two investment 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 presently has an average rating of "Moderate Buy" and a consensus price target of $33.43.

COPT Defense Properties Stock Up 0.9 %

NYSE CDP traded up $0.24 during midday trading on Friday, hitting $26.78. 698,044 shares of the company traded hands, compared to its average volume of 917,230. COPT Defense Properties has a 52 week low of $23.47 and a 52 week high of $34.22. The company's 50-day simple moving average is $26.48 and its 200-day simple moving average is $29.04. The company has a market cap of $3.02 billion, a PE ratio of 21.77 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 posted its quarterly earnings data on Monday, April 28th. The company reported $0.65 EPS for the quarter, hitting the consensus estimate of $0.65. The firm had revenue of $187.86 million during the quarter, compared to analyst estimates of $186.37 million. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. COPT Defense Properties's revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 EPS. As a group, equities research analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Increases Dividend

The firm also recently declared 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. The ex-dividend date was Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.56%. COPT Defense Properties's payout ratio is presently 97.60%.

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.