Jefferies Financial Group Inc. Has $1.68 Million Stock Position in COPT Defense Properties (NYSE:CDP)

Jefferies Financial Group Inc. lifted its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 237.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 54,399 shares of the company's stock after buying an additional 38,288 shares during the period. Jefferies Financial Group Inc.'s holdings in COPT Defense Properties were worth $1,684,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CDP. FIL Ltd boosted its position in shares of COPT Defense Properties by 17.8% in the fourth quarter. FIL Ltd now owns 2,591 shares of the company's stock worth $80,000 after acquiring an additional 391 shares during the last quarter. M&T Bank Corp raised its stake in shares of COPT Defense Properties by 3.1% during the fourth 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 period. Xponance Inc. lifted its holdings in COPT Defense Properties by 5.9% in the 4th quarter. Xponance Inc. now owns 16,157 shares of the company's stock worth $500,000 after buying an additional 905 shares in the last quarter. Spirit of America Management Corp NY lifted its stake in shares of 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 worth $155,000 after acquiring an additional 1,000 shares in the last quarter. Finally, KBC Group NV grew its position in shares of COPT Defense Properties by 33.4% during the fourth quarter. KBC Group NV now owns 5,081 shares of the company's stock worth $157,000 after buying an additional 1,271 shares in the last quarter.

COPT Defense Properties Price Performance

CDP stock traded up $0.05 during trading hours on Tuesday, hitting $27.52. 58,901 shares of the stock traded hands, compared to its average volume of 1,007,339. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The stock has a 50-day simple moving average of $26.50 and a 200 day simple moving average of $28.80. COPT Defense Properties has a one year low of $23.47 and a one year high of $34.22. The company has a market cap of $3.11 billion, a P/E ratio of 22.37 and a beta of 0.86.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.65. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. The company had revenue of $187.86 million for the quarter, compared to analysts' expectations of $186.37 million. During the same quarter in the previous year, the company posted $0.62 EPS. The business's revenue was up 6.0% compared to the same quarter last year. Equities analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were issued a $0.305 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.22 annualized dividend and a dividend yield of 4.43%. This is a boost from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio is currently 97.60%.

Insider Activity

In related news, Director Robert L. Denton sold 4,398 shares of COPT Defense Properties stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $26.70, for a total value of $117,426.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.42% of the company's stock.

Analysts Set New Price Targets

CDP has been the subject of a number of research analyst reports. Jefferies Financial Group initiated coverage on COPT Defense Properties in a report on Monday, March 17th. They issued a "buy" rating and a $31.00 price target for the company. Wells Fargo & Company cut their price target on COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $33.14.

COPT Defense Properties 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.