COPT Defense Properties (NYSE:CDP) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. lessened its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 71.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,000 shares of the company's stock after selling 17,300 shares during the quarter. Point72 Asset Management L.P.'s holdings in COPT Defense Properties were worth $217,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. ProShare Advisors LLC increased its holdings in shares of COPT Defense Properties by 41.3% in the 4th quarter. ProShare Advisors LLC now owns 36,970 shares of the company's stock worth $1,144,000 after buying an additional 10,801 shares during the last quarter. Man Group plc grew its position in COPT Defense Properties by 31.7% in the fourth quarter. Man Group plc now owns 126,659 shares of the company's stock worth $3,920,000 after acquiring an additional 30,491 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in COPT Defense Properties by 4.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 16,600 shares of the company's stock worth $515,000 after acquiring an additional 635 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in COPT Defense Properties during the fourth quarter valued at approximately $461,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in COPT Defense Properties by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,099 shares of the company's stock valued at $1,984,000 after purchasing an additional 2,487 shares during the period.

Wall Street Analysts Forecast Growth

CDP has been the subject of a number of recent research reports. Jefferies Financial Group assumed coverage on COPT Defense Properties in a report on Monday, March 17th. They issued a "buy" rating and a $31.00 target price for the company. Wells Fargo & Company lowered their price target on COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $33.14.

Insider Activity at COPT Defense Properties

In other COPT Defense Properties news, Director Robert L. Denton sold 4,398 shares of COPT Defense Properties stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $26.70, for a total transaction of $117,426.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.42% of the stock is currently owned by insiders.

COPT Defense Properties Stock Down 0.2%

Shares of CDP traded down $0.06 during mid-day trading on Friday, hitting $27.44. The company's stock had a trading volume of 42,043 shares, compared to its average volume of 933,689. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The company's 50-day moving average is $26.55 and its 200-day moving average is $28.56. COPT Defense Properties has a 52-week low of $23.84 and a 52-week high of $34.22. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 22.30 and a beta of 0.86.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its earnings results on Monday, April 28th. The company reported $0.65 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.65. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. The business had revenue of $187.86 million for the quarter, compared to analysts' expectations of $186.37 million. During the same quarter last year, the firm earned $0.62 EPS. The business's revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts forecast that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Monday, June 30th will be issued a dividend of $0.305 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.22 annualized dividend and a dividend yield of 4.45%. COPT Defense Properties's dividend payout ratio (DPR) 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.