Voya Investment Management LLC Reduces Stock Position in COPT Defense Properties (NYSE:CDP)

Voya Investment Management LLC reduced its holdings in COPT Defense Properties (NYSE:CDP - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 205,306 shares of the company's stock after selling 11,147 shares during the quarter. Voya Investment Management LLC owned about 0.18% of COPT Defense Properties worth $6,354,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CDP. Alliancebernstein L.P. boosted its position in COPT Defense Properties by 813.0% during the fourth quarter. Alliancebernstein L.P. now owns 6,247,854 shares of the company's stock worth $193,371,000 after purchasing an additional 5,563,548 shares during the period. Norges Bank purchased a new stake in COPT Defense Properties during the 4th quarter valued at $45,718,000. Cbre Investment Management Listed Real Assets LLC increased its position 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 valued at $35,847,000 after acquiring an additional 762,840 shares during the period. Principal Financial Group Inc. raised its stake in shares of COPT Defense Properties by 61.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company's stock valued at $59,001,000 after acquiring an additional 723,486 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of COPT Defense Properties by 35.8% during the third quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company's stock worth $81,689,000 after purchasing an additional 710,491 shares during the period.

COPT Defense Properties Stock Up 1.4 %

COPT Defense Properties stock traded up $0.37 during mid-day trading on Friday, hitting $26.56. The company had a trading volume of 404,632 shares, compared to its average volume of 913,776. COPT Defense Properties has a 12 month low of $23.47 and a 12 month 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. The stock's 50 day moving average price is $26.52 and its two-hundred day moving average price is $29.26. The company has a market capitalization of $3.00 billion, a PE ratio of 21.59 and a beta of 0.92.

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 analysts' consensus estimates of $0.65. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. The business had revenue of $187.86 million during the quarter, compared to analyst estimates of $186.37 million. During the same period last year, the business earned $0.62 EPS. COPT Defense Properties's revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that COPT Defense Properties will post 2.67 earnings per share 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. Shareholders of record on Monday, March 31st were issued a $0.305 dividend. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. 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 4.59%. COPT Defense Properties's dividend payout ratio (DPR) is presently 99.19%.

Analyst Upgrades and Downgrades

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