Ontario Teachers Pension Plan Board Cuts Stock Position in COPT Defense Properties (NYSE:CDP)

Ontario Teachers Pension Plan Board decreased its position in COPT Defense Properties (NYSE:CDP - Free Report) by 54.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,545 shares of the company's stock after selling 13,865 shares during the period. Ontario Teachers Pension Plan Board's holdings in COPT Defense Properties were worth $357,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FIL Ltd raised its stake in shares of COPT Defense Properties by 17.8% during the 4th quarter. FIL Ltd now owns 2,591 shares of the company's stock worth $80,000 after buying an additional 391 shares during the last quarter. GAMMA Investing LLC raised its stake in COPT Defense Properties by 77.8% in the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock valued at $43,000 after purchasing an additional 614 shares during the last quarter. M&T Bank Corp lifted its holdings in COPT Defense Properties by 3.1% in the 4th quarter. M&T Bank Corp now owns 21,889 shares of the company's stock valued at $677,000 after purchasing an additional 663 shares in the last quarter. Xponance Inc. lifted its holdings in COPT Defense Properties by 5.9% in the 4th quarter. Xponance Inc. now owns 16,157 shares of the company's stock valued at $500,000 after purchasing an additional 905 shares in the last quarter. Finally, Spirit of America Management Corp NY lifted its holdings in 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 in the last quarter.

COPT Defense Properties Trading Up 0.8 %

Shares of CDP traded up $0.22 during mid-day trading on Wednesday, reaching $26.66. The company had a trading volume of 268,681 shares, compared to its average volume of 1,036,721. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 21.67 and a beta of 0.92. The firm has a fifty day simple moving average of $26.62 and a 200-day simple moving average of $29.51. COPT Defense Properties has a fifty-two week low of $22.53 and a fifty-two week high of $34.22. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. On average, sell-side 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 declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date was Monday, March 31st. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio (DPR) is 99.19%.

Analyst Ratings Changes

Separately, Jefferies Financial Group assumed coverage on shares of COPT Defense Properties in a research report on Monday, March 17th. They set a "buy" rating and a $31.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, COPT Defense Properties has a consensus rating of "Moderate Buy" and an average 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.