Centiva Capital LP cut its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 65.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,773 shares of the company's stock after selling 18,539 shares during the quarter. Centiva Capital LP's holdings in COPT Defense Properties were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CDP. Raymond James Financial Inc. acquired a new position in COPT Defense Properties during the fourth quarter worth $16,063,000. KBC Group NV raised its holdings in shares of COPT Defense Properties by 33.4% in the 4th 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 period. Cbre Investment Management Listed Real Assets LLC lifted its stake 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 acquiring an additional 762,840 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in COPT Defense Properties during the 4th quarter valued at about $1,397,000. Finally, Asset Management One Co. Ltd. boosted its holdings in COPT Defense Properties by 6.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 233,826 shares of the company's stock valued at $7,258,000 after acquiring an additional 13,302 shares during the period.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group started coverage on shares of COPT Defense Properties in a research note on Monday, March 17th. They set a "buy" rating and a $31.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $33.43.
View Our Latest Analysis on CDP
COPT Defense Properties Stock Up 0.7%
Shares of NYSE:CDP traded up $0.20 during trading hours on Friday, reaching $27.45. The stock had a trading volume of 1,415,351 shares, compared to its average volume of 924,026. COPT Defense Properties has a 1 year low of $23.47 and a 1 year high of $34.22. The firm's 50 day moving average is $26.47 and its 200-day moving average is $28.92. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 22.32 and a beta of 0.86. 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 results 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 for 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%. COPT Defense Properties's quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.62 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, March 31st were paid a dividend of $0.305 per share. This is a boost from COPT Defense Properties's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.22 annualized dividend and a yield of 4.44%. COPT Defense Properties's payout ratio is presently 97.60%.
COPT Defense Properties Profile
(
Free Report)
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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