Jump Financial LLC Raises Stake in COPT Defense Properties (NYSE:CDP)

Jump Financial LLC boosted its position in COPT Defense Properties (NYSE:CDP - Free Report) by 155.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,800 shares of the company's stock after buying an additional 27,881 shares during the period. Jump Financial LLC's holdings in COPT Defense Properties were worth $1,418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of CDP. GAMMA Investing LLC boosted its holdings 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 valued at $43,000 after acquiring an additional 614 shares during the last quarter. FIL Ltd grew its position in COPT Defense Properties by 17.8% during the 4th quarter. FIL Ltd now owns 2,591 shares of the company's stock worth $80,000 after purchasing an additional 391 shares during the period. USA Financial Formulas purchased a new position in shares of COPT Defense Properties during the 4th quarter valued at about $90,000. Wilmington Savings Fund Society FSB acquired a new position in shares of COPT Defense Properties in the 3rd quarter valued at about $91,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of COPT Defense Properties in the fourth quarter worth about $110,000.

Wall Street Analyst Weigh In

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

COPT Defense Properties Trading Down 0.3 %

COPT Defense Properties stock traded down $0.09 during mid-day trading on Thursday, hitting $26.49. The company's stock had a trading volume of 907,035 shares, compared to its average volume of 918,528. COPT Defense Properties has a 1 year low of $22.53 and a 1 year high of $34.22. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $2.99 billion, a PE ratio of 21.54 and a beta of 0.92. The stock's fifty day moving average is $26.61 and its two-hundred day moving average is $29.49.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.65 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, analysts anticipate 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 was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were given a $0.305 dividend. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 4.61%. The ex-dividend date was Monday, March 31st. 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.