Alliancebernstein L.P. Has $193.37 Million Stock Holdings in COPT Defense Properties (NYSE:CDP)

Alliancebernstein L.P. increased its holdings in COPT Defense Properties (NYSE:CDP - Free Report) by 813.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,247,854 shares of the company's stock after buying an additional 5,563,548 shares during the quarter. Alliancebernstein L.P. owned about 5.54% of COPT Defense Properties worth $193,371,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CDP. Citigroup Inc. grew its position in COPT Defense Properties by 81.1% in the 3rd quarter. Citigroup Inc. now owns 137,075 shares of the company's stock valued at $4,157,000 after buying an additional 61,389 shares in the last quarter. Cerity Partners LLC bought a new position in shares of COPT Defense Properties in the third quarter valued at approximately $494,000. Bank of Montreal Can increased its stake in shares of COPT Defense Properties by 4.6% during the third quarter. Bank of Montreal Can now owns 67,649 shares of the company's stock valued at $2,069,000 after acquiring an additional 2,959 shares during the period. FMR LLC raised its holdings in COPT Defense Properties by 1.8% during the third quarter. FMR LLC now owns 2,763,277 shares of the company's stock worth $83,810,000 after purchasing an additional 49,300 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in COPT Defense Properties by 15.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,448 shares of the company's stock worth $1,530,000 after purchasing an additional 6,616 shares during the period.

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Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CDP. Truist Financial upped their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Jefferies Financial Group started coverage on shares of COPT Defense Properties in a research report on Monday, March 17th. They set a "buy" rating and a $31.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, COPT Defense Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.43.

COPT Defense Properties Trading Down 3.8 %

Shares of CDP traded down $1.05 during midday trading on Thursday, hitting $26.55. The stock had a trading volume of 1,048,330 shares, compared to its average volume of 915,471. The business has a 50-day simple moving average of $27.64 and a two-hundred day simple moving average of $30.01. The firm has a market cap of $2.99 billion, a P/E ratio of 21.58 and a beta of 0.96. 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 has a fifty-two week low of $22.20 and a fifty-two week high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. As a group, equities analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a yield of 4.60%. COPT Defense Properties's dividend payout ratio (DPR) is presently 99.19%.

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.