JPMorgan Chase & Co. Grows Stock Position in COPT Defense Properties (NYSE:CDP)

JPMorgan Chase & Co. boosted its stake in COPT Defense Properties (NYSE:CDP - Free Report) by 21.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,283,383 shares of the company's stock after buying an additional 590,051 shares during the period. JPMorgan Chase & Co. owned 2.91% of COPT Defense Properties worth $101,621,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CDP. GAMMA Investing LLC grew its position in shares of COPT Defense Properties by 77.8% in the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock worth $43,000 after buying an additional 614 shares during the period. USA Financial Formulas bought a new stake in shares of COPT Defense Properties in the 4th quarter worth approximately $90,000. Wilmington Savings Fund Society FSB bought a new stake in COPT Defense Properties in the third quarter worth $91,000. Spirit of America Management Corp NY boosted its stake in COPT Defense Properties by 25.0% in 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 boosted 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 worth $157,000 after purchasing an additional 1,271 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group started coverage on shares of COPT Defense Properties in a report on Monday, March 17th. They issued a "buy" rating and a $31.00 target price for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, COPT Defense Properties currently has an average rating of "Moderate Buy" and an average price target of $33.43.

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COPT Defense Properties Stock Performance

CDP traded down $0.85 during midday trading on Monday, hitting $25.28. 1,215,528 shares of the company traded hands, compared to its average volume of 917,844. The company's 50-day moving average is $27.46 and its 200 day moving average is $29.94. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $2.85 billion, a PE ratio of 20.55 and a beta of 0.92. 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 issued its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share 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, research analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be paid a $0.305 dividend. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date is Monday, March 31st. COPT Defense Properties's dividend payout ratio (DPR) is 99.19%.

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.