Balyasny Asset Management L.P. Has $13.10 Million Holdings in COPT Defense Properties (NYSE:CDP)

Balyasny Asset Management L.P. reduced its holdings in COPT Defense Properties (NYSE:CDP - Free Report) by 71.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,388 shares of the company's stock after selling 1,074,312 shares during the period. Balyasny Asset Management L.P. owned about 0.38% of COPT Defense Properties worth $13,104,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CDP. Algert Global LLC boosted its position in COPT Defense Properties by 4.2% during the fourth quarter. Algert Global LLC now owns 483,968 shares of the company's stock valued at $14,979,000 after purchasing an additional 19,332 shares during the last quarter. AXA S.A. raised its stake in shares of COPT Defense Properties by 250.4% during the 4th quarter. AXA S.A. now owns 27,508 shares of the company's stock worth $851,000 after purchasing an additional 19,657 shares in the last quarter. Adelante Capital Management LLC lifted its holdings in shares of COPT Defense Properties by 27.5% during the 4th quarter. Adelante Capital Management LLC now owns 18,329 shares of the company's stock valued at $567,000 after buying an additional 3,953 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of COPT Defense Properties by 32.5% in the 4th quarter. AQR Capital Management LLC now owns 1,103,627 shares of the company's stock valued at $33,981,000 after buying an additional 270,508 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in COPT Defense Properties by 19.4% in the fourth quarter. Northern Trust Corp now owns 1,737,815 shares of the company's stock worth $53,785,000 after buying an additional 281,834 shares during the last quarter.

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 issued a "buy" rating and a $31.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $33.43.

COPT Defense Properties Stock Performance

Shares of CDP stock traded up $0.24 during mid-day trading on Friday, reaching $26.78. The stock had a trading volume of 698,044 shares, compared to its average volume of 917,230. COPT Defense Properties has a one year low of $23.47 and a one year high of $34.22. The firm has a market cap of $3.02 billion, a PE ratio of 21.77 and a beta of 0.86. The firm's 50 day simple moving average is $26.48 and its 200 day simple moving average is $29.02. 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. The firm had revenue of $187.86 million during 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% compared to the same quarter last year. During the same period last year, the business earned $0.62 earnings per share. On average, analysts forecast that COPT Defense Properties will post 2.67 EPS for the current 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 $0.305 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a yield of 4.56%. This is a boost from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's payout ratio is presently 97.60%.

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.