Woodline Partners LP Has $9.79 Million Stock Holdings in COPT Defense Properties (NYSE:CDP)

Woodline Partners LP grew its position in COPT Defense Properties (NYSE:CDP - Free Report) by 3.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 316,157 shares of the company's stock after buying an additional 9,485 shares during the period. Woodline Partners LP owned approximately 0.28% of COPT Defense Properties worth $9,785,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. FIL Ltd lifted its holdings in COPT Defense Properties by 17.8% during the fourth quarter. FIL Ltd now owns 2,591 shares of the company's stock worth $80,000 after acquiring an additional 391 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of COPT Defense Properties during the 4th quarter valued at about $110,000. Spirit of America Management Corp NY grew its position in shares of COPT Defense Properties by 25.0% in the 4th quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company's stock valued at $155,000 after purchasing an additional 1,000 shares during the period. KBC Group NV grew its position in shares of COPT Defense Properties by 33.4% in the 4th quarter. KBC Group NV now owns 5,081 shares of the company's stock valued at $157,000 after purchasing an additional 1,271 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new stake in COPT Defense Properties during the 4th quarter worth approximately $204,000.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CDP shares. Wells Fargo & Company cut 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. Jefferies Financial Group started coverage on shares of COPT Defense Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $31.00 target price for the company. 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $33.14.

COPT Defense Properties Price Performance

Shares of CDP opened at $26.99 on Friday. The company has a 50 day moving average of $26.53 and a 200-day moving average of $28.74. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $3.05 billion, a P/E ratio of 21.95 and a beta of 0.86. COPT Defense Properties has a twelve month low of $23.47 and a twelve month high of $34.22.

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

COPT Defense Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Monday, June 30th will be paid a $0.305 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.22 annualized dividend and a yield of 4.52%. COPT Defense Properties's dividend payout ratio (DPR) is currently 97.60%.

Insider Activity

In related news, Director Robert L. Denton sold 4,398 shares of COPT Defense Properties stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.42% of the company's stock.

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.

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