Algert Global LLC Boosts Stock Position in COPT Defense Properties (NYSE:CDP)

Algert Global LLC lifted its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 483,968 shares of the company's stock after purchasing an additional 19,332 shares during the quarter. Algert Global LLC owned about 0.43% of COPT Defense Properties worth $14,979,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CDP. GAMMA Investing LLC lifted its holdings 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 valued at $43,000 after purchasing an additional 614 shares during the last quarter. 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 buying an additional 391 shares during the last quarter. USA Financial Formulas bought a new stake in COPT Defense Properties in the fourth quarter worth $90,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of COPT Defense Properties in the third quarter worth $91,000. Finally, Meeder Asset Management Inc. bought a new position in shares of COPT Defense Properties during the fourth quarter valued at $110,000.

COPT Defense Properties Stock Performance

Shares of CDP stock traded up $0.18 on Friday, reaching $26.72. The stock had a trading volume of 261,929 shares, compared to its average volume of 1,017,762. The stock has a market cap of $3.02 billion, a P/E ratio of 21.72 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 has a 1 year low of $23.47 and a 1 year high of $34.22. The company has a 50 day simple moving average of $26.48 and a 200 day simple moving average of $29.10.

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 return on equity of 9.07% and a net margin of 18.44%. COPT Defense Properties's revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS. Equities research analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were paid a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 4.57%. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. The ex-dividend date was Monday, March 31st. COPT Defense Properties's dividend payout ratio is presently 97.60%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group initiated coverage on shares of COPT Defense Properties in a research report on Monday, March 17th. They set a "buy" rating and a $31.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, COPT Defense Properties has an average rating of "Moderate Buy" and a consensus price target 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.