Invesco Ltd. Raises Stock Position in COPT Defense Properties (NYSE:CDP)

Invesco Ltd. increased its stake in COPT Defense Properties (NYSE:CDP - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 624,027 shares of the company's stock after acquiring an additional 47,343 shares during the quarter. Invesco Ltd. owned approximately 0.55% of COPT Defense Properties worth $19,314,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CDP. Barclays PLC grew its position in shares of COPT Defense Properties by 87.6% in the third quarter. Barclays PLC now owns 218,999 shares of the company's stock valued at $6,643,000 after purchasing an additional 102,280 shares during the period. Sanctuary Advisors LLC boosted its holdings in COPT Defense Properties by 13.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 42,381 shares of the company's stock worth $1,349,000 after buying an additional 4,885 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of COPT Defense Properties during the third quarter valued at approximately $91,000. JPMorgan Chase & Co. lifted its position in shares of COPT Defense Properties by 35.8% in the third quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company's stock valued at $81,689,000 after acquiring an additional 710,491 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of COPT Defense Properties by 77.8% in the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock worth $43,000 after acquiring an additional 614 shares during the last quarter.

Analyst Ratings Changes

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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.43.

COPT Defense Properties Price Performance

Shares of NYSE:CDP traded up $0.10 during midday trading on Thursday, hitting $26.68. The company had a trading volume of 65,968 shares, compared to its average volume of 915,230. COPT Defense Properties has a twelve month low of $22.53 and a twelve month high of $34.22. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 21.70 and a beta of 0.92. 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 business's 50-day simple moving average is $26.61 and its 200-day simple moving average is $29.49.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted 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 return on equity of 9.07% and a net margin of 18.44%. On average, research analysts predict that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were given a $0.305 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a yield of 4.57%. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's payout ratio is currently 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.