Two Sigma Investments LP Has $1.37 Million Stock Position in COPT Defense Properties (NYSE:CDP)

Two Sigma Investments LP reduced its position in COPT Defense Properties (NYSE:CDP - Free Report) by 80.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,409 shares of the company's stock after selling 179,183 shares during the quarter. Two Sigma Investments LP's holdings in COPT Defense Properties were worth $1,374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State of Wyoming bought a new stake in shares of COPT Defense Properties in the 4th quarter worth about $414,000. ProShare Advisors LLC grew its stake in COPT Defense Properties by 41.3% during 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 increased 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 buying an additional 30,491 shares during the period. Nissay Asset Management Corp Japan ADV lifted its stake in COPT Defense Properties by 4.0% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 16,600 shares of the company's stock valued at $515,000 after buying an additional 635 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of COPT Defense Properties during the fourth quarter worth about $461,000.

COPT Defense Properties Price Performance

NYSE CDP traded up $0.71 on Friday, reaching $28.14. 904,258 shares of the stock traded hands, compared to its average volume of 947,237. COPT Defense Properties has a 12 month low of $23.84 and a 12 month high of $34.22. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 22.88 and a beta of 0.86. The firm's fifty day simple moving average is $26.61 and its 200 day simple moving average is $28.45. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56.

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, hitting 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 during the quarter, compared to analyst estimates of $186.37 million. During the same period last year, the company earned $0.62 earnings per share. COPT Defense Properties's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts predict 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. Shareholders of record on Monday, June 30th will be given a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Monday, June 30th. COPT Defense Properties's dividend payout ratio is 97.60%.

Insiders Place Their Bets

In related news, Director Robert L. Denton sold 4,398 shares of the business's stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.42% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on CDP shares. Wells Fargo & Company decreased their target price on shares of 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. Jefferies Financial Group began coverage on shares of COPT Defense Properties in a research note 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's stock. Based on data from MarketBeat.com, COPT Defense Properties has an average rating of "Moderate Buy" and an average target price of $33.14.

COPT Defense Properties Company 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.