COPT Defense Properties (NYSE:CDP) Shares Sold by Voya Investment Management LLC

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

Several other large investors have also modified their holdings of the business. Alliancebernstein L.P. boosted its holdings in 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 acquiring an additional 5,563,548 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of COPT Defense Properties by 21.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,283,383 shares of the company's stock worth $101,621,000 after purchasing an additional 590,051 shares during the last quarter. FMR LLC lifted its holdings in shares of COPT Defense Properties by 12.2% in the 4th 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. Sei Investments Co. boosted its position in COPT Defense Properties by 1.2% in the 4th quarter. Sei Investments Co. now owns 2,139,455 shares of the company's stock worth $66,216,000 after purchasing an additional 24,577 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of 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 worth $59,001,000 after acquiring an additional 723,486 shares in the last quarter.

Analysts Set New Price Targets

Separately, Jefferies Financial Group began coverage on COPT Defense Properties in a research note on Monday, March 17th. They set 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.43.

COPT Defense Properties Trading Down 0.4 %

Shares of COPT Defense Properties stock traded down $0.11 during trading hours on Monday, hitting $26.45. The company's stock had a trading volume of 51,670 shares, compared to its average volume of 911,200. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 21.55 and a beta of 0.86. The firm has a fifty day moving average of $26.52 and a 200-day moving average of $29.21. COPT Defense Properties has a twelve month low of $23.47 and a twelve month high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued 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 return on equity of 9.07% and a net margin of 18.44%. The business had revenue of $187.86 million during the quarter, compared to analysts' expectations of $186.37 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The company's revenue was up 6.0% on a year-over-year basis. Research analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The company also recently announced 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 dividend yield of 4.61%. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's payout ratio is presently 97.60%.

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.