Voloridge Investment Management LLC Sells 49,290 Shares of COPT Defense Properties (NYSE:CDP)

Voloridge Investment Management LLC cut its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 53.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,144 shares of the company's stock after selling 49,290 shares during the period. Voloridge Investment Management LLC's holdings in COPT Defense Properties were worth $1,304,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CDP. Alliancebernstein L.P. lifted its holdings 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 worth $193,371,000 after purchasing an additional 5,563,548 shares during the period. Earnest Partners LLC raised its position in COPT Defense Properties by 1.9% during the 4th quarter. Earnest Partners LLC now owns 4,795,639 shares of the company's stock worth $148,425,000 after purchasing an additional 89,571 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in COPT Defense Properties by 21.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,283,383 shares of the company's stock worth $101,621,000 after buying an additional 590,051 shares during the period. FMR LLC lifted its holdings in COPT Defense Properties by 12.2% during the 4th quarter. FMR LLC now owns 3,099,052 shares of the company's stock worth $95,916,000 after buying an additional 335,775 shares during the period. Finally, Sei Investments Co. increased its stake in shares of COPT Defense Properties by 1.2% in the fourth quarter. Sei Investments Co. now owns 2,139,455 shares of the company's stock valued at $66,216,000 after buying an additional 24,577 shares during the period.

COPT Defense Properties Trading Up 1.0%

Shares of CDP stock traded up $0.27 during trading hours on Monday, hitting $27.72. 833,365 shares of the company were exchanged, compared to its average volume of 939,467. The company has a 50 day simple moving average of $26.57 and a two-hundred day simple moving average of $28.49. The firm has a market cap of $3.13 billion, a P/E ratio of 22.54 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 has a fifty-two week low of $23.84 and a fifty-two week high of $34.22.

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

COPT Defense Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Monday, June 30th will be paid a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Monday, June 30th. COPT Defense Properties's dividend payout ratio (DPR) is currently 97.60%.

Analyst Upgrades and Downgrades

CDP has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. 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 price target on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $33.14.

Insider Buying and Selling

In other COPT Defense Properties news, Director Robert L. Denton sold 4,398 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $26.70, for a total transaction of $117,426.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.42% of the stock is owned by company insiders.

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.