Pinebridge Investments L.P. Has $2.34 Million Position in COPT Defense Properties (NYSE:CDP)

Pinebridge Investments L.P. boosted its position in COPT Defense Properties (NYSE:CDP - Free Report) by 42.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,541 shares of the company's stock after purchasing an additional 22,598 shares during the period. Pinebridge Investments L.P. owned approximately 0.07% of COPT Defense Properties worth $2,338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CDP. Barclays PLC boosted its stake in COPT Defense Properties by 87.6% during the third quarter. Barclays PLC now owns 218,999 shares of the company's stock valued at $6,643,000 after buying an additional 102,280 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of COPT Defense Properties during the third quarter valued at $91,000. JPMorgan Chase & Co. boosted its position in shares of COPT Defense Properties by 35.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company's stock valued at $81,689,000 after purchasing an additional 710,491 shares during the period. GAMMA Investing LLC increased its stake in 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. Finally, Nordea Investment Management AB raised its holdings in COPT Defense Properties by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 376,938 shares of the company's stock worth $11,666,000 after buying an additional 18,278 shares during the period.

COPT Defense Properties Stock Up 2.2 %

Shares of CDP stock traded up $0.56 during trading on Wednesday, hitting $26.14. 1,549,961 shares of the company were exchanged, compared to its average volume of 918,404. The business's 50-day simple moving average is $26.55 and its 200 day simple moving average is $29.35. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 21.25 and a beta of 0.92. COPT Defense Properties has a twelve month low of $23.47 and a twelve month high of $34.22. 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 released its quarterly earnings data on Monday, April 28th. The company reported $0.65 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.65. The business 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 quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 EPS. As a group, analysts forecast that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 4.67%. This is a boost 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 99.19%.

Wall Street Analysts Forecast Growth

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

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.