Arrowstreet Capital Limited Partnership Cuts Stock Position in COPT Defense Properties (NYSE:CDP)

Arrowstreet Capital Limited Partnership lessened its holdings in COPT Defense Properties (NYSE:CDP - Free Report) by 38.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 562,795 shares of the company's stock after selling 350,937 shares during the period. Arrowstreet Capital Limited Partnership owned 0.50% of COPT Defense Properties worth $17,419,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CDP. GAMMA Investing LLC raised its position in shares of COPT Defense Properties by 77.8% during the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock worth $43,000 after purchasing an additional 614 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of COPT Defense Properties in the fourth quarter valued at $90,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of COPT Defense Properties during the third quarter valued at $91,000. Spirit of America Management Corp NY increased its position in COPT Defense Properties by 25.0% during the 4th quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company's stock worth $155,000 after purchasing an additional 1,000 shares in the last quarter. Finally, KBC Group NV raised its stake in COPT Defense Properties by 33.4% in the 4th quarter. KBC Group NV now owns 5,081 shares of the company's stock valued at $157,000 after purchasing an additional 1,271 shares during the last quarter.

COPT Defense Properties Trading Up 4.0 %

NYSE:CDP traded up $0.98 during mid-day trading on Wednesday, reaching $25.69. The company's stock had a trading volume of 1,248,374 shares, compared to its average volume of 922,948. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22. The company's fifty day simple moving average is $27.13 and its two-hundred day simple moving average is $29.80. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. The stock has a market cap of $2.90 billion, a P/E ratio of 20.89 and a beta of 0.92.

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COPT Defense Properties (NYSE:CDP - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. On average, equities analysts predict 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 will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be given 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 dividend yield of 4.75%. The ex-dividend date is Monday, March 31st. COPT Defense Properties's dividend payout ratio (DPR) is 99.19%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group assumed coverage on shares of COPT Defense Properties in a report on Monday, March 17th. They set a "buy" rating and a $31.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.43.

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.