COPT Defense Properties (NYSE:CDP) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 29.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 123,600 shares of the company's stock after selling 51,276 shares during the period. Hsbc Holdings PLC owned about 0.11% of COPT Defense Properties worth $3,824,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its holdings in shares of COPT Defense Properties by 813.0% in the fourth quarter. Alliancebernstein L.P. now owns 6,247,854 shares of the company's stock worth $193,371,000 after buying an additional 5,563,548 shares during the period. Norges Bank purchased a new stake in shares of COPT Defense Properties during the fourth quarter valued at approximately $45,718,000. Cbre Investment Management Listed Real Assets LLC increased 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 buying an additional 762,840 shares during the period. Principal Financial Group Inc. raised its holdings in COPT Defense Properties by 61.2% during the 4th quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company's stock valued at $59,001,000 after buying an additional 723,486 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in COPT Defense Properties by 35.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company's stock worth $81,689,000 after acquiring an additional 710,491 shares during the last quarter.

COPT Defense Properties Price Performance

Shares of NYSE CDP traded down $0.08 during mid-day trading on Monday, hitting $26.48. 44,864 shares of the company's stock traded hands, compared to its average volume of 1,027,030. The company has a market capitalization of $2.99 billion, a P/E ratio of 21.53 and a beta of 0.86. COPT Defense Properties has a 1 year low of $23.47 and a 1 year high of $34.22. The company's 50-day moving average is $26.52 and its two-hundred day moving average is $29.21. 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 released its quarterly earnings data on Monday, April 28th. The company reported $0.65 earnings per share 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 firm had revenue of $187.86 million during the quarter, compared to the consensus estimate of $186.37 million. During the same period in the previous year, the company posted $0.62 earnings per share. The firm's quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st were paid a dividend of $0.305 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.61%. This is a boost from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's payout ratio is currently 97.60%.

Analyst Ratings Changes

Separately, Jefferies Financial Group started coverage on shares of COPT Defense Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $31.00 target price for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.43.

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.