Centiva Capital LP Decreases Stake in COPT Defense Properties (NYSE:CDP)

Centiva Capital LP decreased its stake in COPT Defense Properties (NYSE:CDP - Free Report) by 65.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,773 shares of the company's stock after selling 18,539 shares during the period. Centiva Capital LP's holdings in COPT Defense Properties were worth $302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CDP. GAMMA Investing LLC lifted its holdings in shares of COPT Defense Properties by 77.8% in the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock worth $43,000 after purchasing an additional 614 shares in the last quarter. FIL Ltd raised its position in COPT Defense Properties by 17.8% in the 4th quarter. FIL Ltd now owns 2,591 shares of the company's stock valued at $80,000 after buying an additional 391 shares during the last quarter. USA Financial Formulas purchased a new stake in COPT Defense Properties in the 4th quarter valued at $90,000. Meeder Asset Management Inc. purchased a new stake in COPT Defense Properties in the 4th quarter valued at $110,000. Finally, Spirit of America Management Corp NY raised its position in 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 buying an additional 1,000 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group started coverage on 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $33.43.

COPT Defense Properties Stock Performance

CDP traded up $0.20 during trading hours on Friday, hitting $27.45. The stock had a trading volume of 1,415,351 shares, compared to its average volume of 927,758. The company's fifty day simple moving average is $26.49 and its 200 day simple moving average is $28.83. COPT Defense Properties has a 1 year low of $23.47 and a 1 year high of $34.22. The stock has a market cap of $3.10 billion, a PE ratio of 22.32 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 issued its earnings results on Monday, April 28th. The company reported $0.65 EPS for the quarter, hitting the consensus estimate of $0.65. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. The business had revenue of $187.86 million during the quarter, compared to the consensus estimate of $186.37 million. During the same quarter last year, the company earned $0.62 EPS. The firm's revenue was up 6.0% compared to the same quarter last year. 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. Shareholders of record on Monday, March 31st were paid a $0.305 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.22 annualized dividend and a yield of 4.44%. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio (DPR) is currently 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.