Man Group plc Acquires 30,491 Shares of COPT Defense Properties (NYSE:CDP)

Man Group plc raised its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 31.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,659 shares of the company's stock after purchasing an additional 30,491 shares during the period. Man Group plc owned 0.11% of COPT Defense Properties worth $3,920,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CDP. Raymond James Financial Inc. bought a new stake in shares of COPT Defense Properties during the 4th quarter worth $16,063,000. KBC Group NV boosted its position in shares of COPT Defense Properties by 33.4% in the fourth quarter. KBC Group NV now owns 5,081 shares of the company's stock valued at $157,000 after acquiring an additional 1,271 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of COPT Defense Properties by 192.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,158,207 shares of the company's stock worth $35,847,000 after acquiring an additional 762,840 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in COPT Defense Properties in the 4th quarter valued at $1,397,000. Finally, Frontier Capital Management Co. LLC lifted its stake in shares of COPT Defense Properties by 0.4% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,359,335 shares of the company's stock valued at $42,071,000 after buying an additional 5,031 shares during the period.

COPT Defense Properties Trading Down 0.0%

Shares of CDP stock traded down $0.00 on Friday, reaching $26.98. 756,776 shares of the stock were exchanged, compared to its average volume of 934,265. The stock has a 50 day moving average price of $26.52 and a 200 day moving average price of $28.70. The stock has a market cap of $3.05 billion, a PE ratio of 21.93 and a beta of 0.86. COPT Defense Properties has a one year low of $23.47 and a one year high of $34.22. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38.

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 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%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 EPS. Equities research analysts forecast that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The firm 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 dividend yield of 4.52%. The ex-dividend date of this dividend is Monday, June 30th. COPT Defense Properties's dividend payout ratio (DPR) is 97.60%.

Insider Activity at COPT Defense Properties

In related news, Director Robert L. Denton sold 4,398 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $26.70, for a total value of $117,426.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CDP shares. Wells Fargo & Company decreased their price target on shares of 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 assumed 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 investment 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 company presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.14.

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.