Quantbot Technologies LP Acquires 105,446 Shares of COPT Defense Properties (NYSE:CDP)

Quantbot Technologies LP lifted its stake in COPT Defense Properties (NYSE:CDP - Free Report) by 392.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 132,309 shares of the company's stock after acquiring an additional 105,446 shares during the quarter. Quantbot Technologies LP owned approximately 0.12% of COPT Defense Properties worth $4,013,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. acquired a new position in shares of COPT Defense Properties during the 1st quarter worth approximately $100,000. Quadrature Capital Ltd bought a new stake in COPT Defense Properties during the first quarter worth $307,000. Lazard Asset Management LLC acquired a new stake in COPT Defense Properties in the first quarter valued at $102,000. Price T Rowe Associates Inc. MD acquired a new stake in COPT Defense Properties in the first quarter valued at $1,702,000. Finally, Public Employees Retirement Association of Colorado acquired a new position in shares of COPT Defense Properties during the 1st quarter worth about $230,000.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Evercore ISI raised their target price on shares of COPT Defense Properties from $33.00 to $36.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Wedbush raised their price objective on COPT Defense Properties from $28.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Wells Fargo & Company decreased their target price on COPT Defense Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday, September 11th. JPMorgan Chase & Co. raised their price target on COPT Defense Properties from $26.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday, September 4th. Finally, Truist Financial upped their price objective on shares of COPT Defense Properties from $27.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.75.

COPT Defense Properties Stock Performance

CDP traded up $0.13 during trading on Wednesday, hitting $32.83. The stock had a trading volume of 864,750 shares, compared to its average volume of 875,188. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 26.91 and a beta of 0.98. The company has a 50 day moving average price of $31.47 and a 200-day moving average price of $28.42. COPT Defense Properties has a one year low of $22.20 and a one year high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.32). COPT Defense Properties had a net margin of 18.34% and a return on equity of 8.99%. The business had revenue of $189.23 million during the quarter, compared to the consensus estimate of $167.37 million. During the same period in the previous year, the firm posted $0.60 EPS. The company's revenue was up 12.3% compared to the same quarter last year. As a group, research analysts predict that COPT Defense Properties will post 2.57 EPS for the current year.

COPT Defense Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.295 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.18 annualized dividend and a dividend yield of 3.59%. COPT Defense Properties's dividend payout ratio is presently 96.72%.

Insider Activity

In other news, COO Britt A. Snider acquired 1,000 shares of COPT Defense Properties stock in a transaction on Tuesday, September 10th. The shares were purchased at an average cost of $29.41 per share, for a total transaction of $29,410.00. Following the completion of the purchase, the chief operating officer now directly owns 2,000 shares of the company's stock, valued at approximately $58,820. This represents a 100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.06% of the stock is owned by company insiders.

COPT Defense Properties Profile

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.