Cubist Systematic Strategies LLC Purchases 22,694 Shares of COPT Defense Properties (NYSE:CDP)

Cubist Systematic Strategies LLC increased its stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 343,072 shares of the company's stock after acquiring an additional 22,694 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.30% of COPT Defense Properties worth $10,618,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Barclays PLC raised its holdings in shares of 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 purchasing an additional 102,280 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in COPT Defense Properties in the third quarter valued at approximately $91,000. GAMMA Investing LLC raised its position 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 worth $43,000 after purchasing an additional 614 shares during the period. Nordea Investment Management AB raised its position in shares of COPT Defense Properties by 5.1% during the fourth quarter. Nordea Investment Management AB now owns 376,938 shares of the company's stock worth $11,666,000 after purchasing an additional 18,278 shares during the period. Finally, USA Financial Formulas bought a new position in shares of COPT Defense Properties in the 4th quarter worth $90,000.

COPT Defense Properties Stock Up 0.4%

NYSE:CDP traded up $0.12 on Monday, hitting $26.90. The stock had a trading volume of 206,304 shares, compared to its average volume of 914,434. COPT Defense Properties has a 1 year low of $23.47 and a 1 year high of $34.22. The firm's fifty day simple moving average is $26.48 and its two-hundred day simple moving average is $29.02. The stock has a market cap of $3.04 billion, a P/E ratio of 21.89 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 (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, meeting analysts' consensus estimates of $0.65. The firm had revenue of $187.86 million during the quarter, compared to the consensus estimate of $186.37 million. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. The business's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. Analysts predict that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors 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 4.54%. The ex-dividend date was Monday, March 31st. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio (DPR) is 97.60%.

Wall Street Analysts Forecast Growth

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