Renaissance Technologies LLC trimmed its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 74.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,623 shares of the company's stock after selling 135,777 shares during the period. Renaissance Technologies LLC's holdings in COPT Defense Properties were worth $1,443,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. FIL Ltd increased its stake 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 during the last quarter. Invesco Ltd. grew its holdings in shares of COPT Defense Properties by 8.2% during the 4th quarter. Invesco Ltd. now owns 624,027 shares of the company's stock worth $19,314,000 after purchasing an additional 47,343 shares during the period. Bank of Montreal Can increased its position in COPT Defense Properties by 2.5% during the 4th quarter. Bank of Montreal Can now owns 69,341 shares of the company's stock worth $2,146,000 after purchasing an additional 1,692 shares in the last quarter. FMR LLC raised its holdings in COPT Defense Properties by 12.2% in the fourth quarter. FMR LLC now owns 3,099,052 shares of the company's stock valued at $95,916,000 after buying an additional 335,775 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in COPT Defense Properties by 21.3% in the fourth quarter. Russell Investments Group Ltd. now owns 260,176 shares of the company's stock valued at $8,052,000 after buying an additional 45,651 shares during the period.
COPT Defense Properties Stock Up 0.4 %
COPT Defense Properties stock traded up $0.11 during midday trading on Thursday, hitting $26.22. 694,136 shares of the company were exchanged, compared to its average volume of 916,132. The company has a market cap of $2.96 billion, a PE ratio of 21.31 and a beta of 0.92. COPT Defense Properties has a fifty-two week low of $23.47 and a fifty-two week high of $34.22. The company's fifty day moving average price is $26.54 and its 200-day moving average price is $29.33. 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 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 net margin of 18.44% and a return on equity of 9.07%. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 earnings per share. On average, research analysts predict that COPT Defense Properties will post 2.67 EPS for the current fiscal year.
COPT Defense Properties Increases Dividend
The firm 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 is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 4.65%. COPT Defense Properties's dividend payout ratio (DPR) is currently 99.19%.
Analysts Set New Price Targets
Separately, Jefferies Financial Group began coverage on shares of COPT Defense Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $31.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.43.
Check Out Our Latest Research Report on COPT Defense Properties
COPT Defense Properties Profile
(
Free Report)
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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