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

Alliancebernstein L.P. lifted its stake in COPT Defense Properties (NYSE:CDP - Free Report) by 813.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,247,854 shares of the company's stock after purchasing an additional 5,563,548 shares during the quarter. Alliancebernstein L.P. owned 5.54% of COPT Defense Properties worth $193,371,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of COPT Defense Properties by 21.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,283,383 shares of the company's stock worth $101,621,000 after acquiring an additional 590,051 shares in the last quarter. Geode Capital Management LLC grew its position in COPT Defense Properties by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,927,208 shares of the company's stock worth $88,797,000 after purchasing an additional 21,388 shares in the last quarter. FMR LLC raised its stake in COPT Defense Properties by 1.8% during the 3rd quarter. FMR LLC now owns 2,763,277 shares of the company's stock valued at $83,810,000 after purchasing an additional 49,300 shares during the period. Sei Investments Co. lifted its holdings in shares of COPT Defense Properties by 1.2% in the fourth quarter. Sei Investments Co. now owns 2,139,455 shares of the company's stock valued at $66,216,000 after purchasing an additional 24,577 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of COPT Defense Properties by 61.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company's stock worth $59,001,000 after buying an additional 723,486 shares during the period.

COPT Defense Properties Stock Down 1.6 %

Shares of NYSE CDP traded down $0.43 during trading hours on Friday, hitting $26.13. The stock had a trading volume of 1,324,127 shares, compared to its average volume of 916,653. The company has a market capitalization of $2.94 billion, a P/E ratio of 21.24 and a beta of 0.92. The firm's 50-day moving average price is $27.56 and its two-hundred day moving average price is $29.98. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.65 EPS 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%. 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 announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be issued a $0.305 dividend. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Monday, March 31st. COPT Defense Properties's payout ratio is 99.19%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group began coverage on COPT Defense Properties in a research note 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.