Jane Street Group LLC Decreases Stake in COPT Defense Properties (NYSE:CDP)

Jane Street Group LLC reduced its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 76.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,819 shares of the company's stock after selling 273,207 shares during the quarter. Jane Street Group LLC owned 0.08% of COPT Defense Properties worth $2,625,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Barclays PLC grew its position in shares of COPT Defense Properties by 87.6% in the third quarter. Barclays PLC now owns 218,999 shares of the company's stock valued at $6,643,000 after purchasing an additional 102,280 shares during the period. USA Financial Formulas purchased a new stake in shares of COPT Defense Properties during the 4th quarter valued at approximately $90,000. ZWJ Investment Counsel Inc. acquired a new stake in shares of COPT Defense Properties during the 4th quarter worth about $203,000. Blue Trust Inc. raised its holdings in COPT Defense Properties by 20.8% in the 4th quarter. Blue Trust Inc. now owns 16,938 shares of the company's stock valued at $514,000 after buying an additional 2,917 shares during the period. Finally, KBC Group NV lifted its position in 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 buying an additional 1,271 shares during the last quarter.

Insiders Place Their Bets

In other COPT Defense Properties news, Director Robert L. Denton sold 4,398 shares of the company'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 transaction of $117,426.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.42% of the stock is currently owned by insiders.

COPT Defense Properties Stock Down 0.2%

CDP stock traded down $0.07 during trading on Tuesday, hitting $27.41. 29,308 shares of the company's stock were exchanged, compared to its average volume of 923,444. The business has a 50-day moving average price of $26.50 and a two-hundred day moving average price of $28.80. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 22.26 and a beta of 0.86. COPT Defense Properties has a 52-week low of $23.47 and a 52-week high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported $0.65 EPS for the quarter, hitting analysts' consensus estimates of $0.65. The business had revenue of $187.86 million for 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 business's revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 earnings per share. As a group, equities research analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors 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 yield of 4.45%. This is a boost from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio is currently 97.60%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CDP shares. Jefferies Financial Group started coverage on shares of COPT Defense Properties in a report on Monday, March 17th. They issued a "buy" rating and a $31.00 price objective on the stock. Wells Fargo & Company lowered their target price on COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating for the company in a report on Monday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, COPT Defense Properties has a consensus rating of "Moderate Buy" and an average target price of $33.14.

COPT Defense Properties 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.