Tudor Investment Corp ET AL Sells 281,244 Shares of COPT Defense Properties (NYSE:CDP)

Tudor Investment Corp ET AL lessened its holdings in COPT Defense Properties (NYSE:CDP - Free Report) by 85.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 46,582 shares of the company's stock after selling 281,244 shares during the period. Tudor Investment Corp ET AL's holdings in COPT Defense Properties were worth $1,442,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Alliancebernstein L.P. grew its position in shares of COPT Defense Properties by 813.0% during the fourth quarter. Alliancebernstein L.P. now owns 6,247,854 shares of the company's stock valued at $193,371,000 after purchasing an additional 5,563,548 shares in the last quarter. Earnest Partners LLC grew its position in shares of COPT Defense Properties by 1.9% during the fourth quarter. Earnest Partners LLC now owns 4,795,639 shares of the company's stock valued at $148,425,000 after purchasing an additional 89,571 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of COPT Defense Properties by 21.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,283,383 shares of the company's stock valued at $101,621,000 after purchasing an additional 590,051 shares in the last quarter. FMR LLC grew its position in shares of COPT Defense Properties by 12.2% during the fourth quarter. FMR LLC now owns 3,099,052 shares of the company's stock valued at $95,916,000 after purchasing an additional 335,775 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of COPT Defense Properties by 1.2% during the fourth quarter. Sei Investments Co. now owns 2,139,455 shares of the company's stock valued at $66,216,000 after purchasing an additional 24,577 shares in the last quarter.

COPT Defense Properties Trading Up 0.9%

CDP traded up $0.24 on Friday, hitting $26.78. The company had a trading volume of 698,044 shares, compared to its average volume of 917,230. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. The company has a market cap of $3.02 billion, a PE ratio of 21.77 and a beta of 0.86. COPT Defense Properties has a 12-month low of $23.47 and a 12-month high of $34.22. The business's fifty day simple moving average is $26.48 and its 200 day simple moving average is $29.02.

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. The business had revenue of $187.86 million during the quarter, compared to the consensus estimate of $186.37 million. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. Equities research analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders 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 annualized dividend and a yield of 4.56%. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio (DPR) is presently 97.60%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group started coverage on COPT Defense Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $31.00 price target for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.43.

COPT Defense Properties Company 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.