Man Group plc boosted its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 31.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 126,659 shares of the company's stock after purchasing an additional 30,491 shares during the quarter. Man Group plc owned about 0.11% of COPT Defense Properties worth $3,920,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in CDP. Alliancebernstein L.P. boosted its stake in shares of COPT Defense Properties by 813.0% in the 4th 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 during the last quarter. Earnest Partners LLC boosted its stake in shares of COPT Defense Properties by 1.9% in the 4th 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 during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of COPT Defense Properties by 21.9% in the 4th 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 during the last quarter. FMR LLC boosted its stake in shares of COPT Defense Properties by 12.2% in the 4th 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 during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of COPT Defense Properties by 1.2% in the 4th 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 during the last quarter.
Insider Transactions at COPT Defense Properties
In other 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 transaction of $117,426.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.42% of the stock is owned by insiders.
COPT Defense Properties Trading Up 2.6%
NYSE:CDP traded up $0.71 on Tuesday, reaching $27.66. The company's stock had a trading volume of 1,094,959 shares, compared to its average volume of 934,908. COPT Defense Properties has a 1-year low of $23.47 and a 1-year high of $34.22. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. The firm has a market cap of $3.12 billion, a PE ratio of 22.49 and a beta of 0.86. The business's 50-day moving average price is $26.54 and its two-hundred day moving average price is $28.61.
COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported $0.65 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.65. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. The firm had revenue of $187.86 million during the quarter, compared to analysts' expectations of $186.37 million. During the same period in the previous year, the firm earned $0.62 earnings per share. The company's revenue was up 6.0% on a year-over-year basis. Equities research analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.
COPT Defense Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Monday, June 30th will be given 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 4.41%. COPT Defense Properties's dividend payout ratio is currently 97.60%.
Analysts Set New Price Targets
A number of equities research analysts recently commented on CDP shares. Wells Fargo & Company dropped their price objective on COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Jefferies Financial Group started coverage on COPT Defense Properties in a report on Monday, March 17th. They issued a "buy" rating and a $31.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $33.14.
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About COPT Defense Properties
(
Free Report)
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.
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