COPT Defense Properties (NYSE:CDP) Shares Bought by Jane Street Group LLC

Jane Street Group LLC boosted its stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 50.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 358,026 shares of the company's stock after purchasing an additional 119,316 shares during the period. Jane Street Group LLC owned approximately 0.32% of COPT Defense Properties worth $10,859,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Spirit of America Management Corp NY acquired a new stake in shares of COPT Defense Properties during the 2nd quarter valued at about $50,000. Quarry LP grew its holdings in COPT Defense Properties by 711.4% in the second quarter. Quarry LP now owns 3,481 shares of the company's stock valued at $87,000 after purchasing an additional 3,052 shares during the period. KBC Group NV increased its position in shares of COPT Defense Properties by 28.3% in the third quarter. KBC Group NV now owns 3,810 shares of the company's stock valued at $116,000 after buying an additional 840 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of COPT Defense Properties by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,372 shares of the company's stock valued at $134,000 after buying an additional 1,130 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in COPT Defense Properties in the 3rd quarter valued at $208,000.

COPT Defense Properties Price Performance

Shares of NYSE:CDP traded down $0.18 during midday trading on Friday, hitting $32.45. The company had a trading volume of 400,646 shares, compared to its average volume of 885,008. The business's 50-day simple moving average is $31.93 and its 200-day simple moving average is $29.01. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 26.76 and a beta of 0.98. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.38 and a quick ratio of 2.38. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.32). COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. The company had revenue of $189.23 million for the quarter, compared to analysts' expectations of $167.37 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The firm's revenue was up 12.3% on a year-over-year basis. On average, research analysts predict that COPT Defense Properties will post 2.58 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The company also recently declared 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 is Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.64%. COPT Defense Properties's dividend payout ratio is currently 96.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of COPT Defense Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday, September 11th. Truist Financial lifted their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. BTIG Research increased their target price on COPT Defense Properties from $33.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price target on COPT Defense Properties from $26.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 4th. Finally, Evercore ISI boosted their price target on COPT Defense Properties from $33.00 to $36.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and five have given 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 target price of $32.00.

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.