35,468 Shares in COPT Defense Properties (NYSE:CDP) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new position in COPT Defense Properties (NYSE:CDP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 35,468 shares of the company's stock, valued at approximately $1,098,000.

Several other hedge funds have also bought and sold shares of CDP. FMR LLC raised its position in shares of COPT Defense Properties by 1.8% during the 3rd quarter. FMR LLC now owns 2,763,277 shares of the company's stock valued at $83,810,000 after buying an additional 49,300 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of COPT Defense Properties by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 376,938 shares of the company's stock worth $11,666,000 after purchasing an additional 18,278 shares during the period. KBC Group NV increased its position in shares of COPT Defense Properties by 33.4% during the 4th quarter. KBC Group NV now owns 5,081 shares of the company's stock valued at $157,000 after purchasing an additional 1,271 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in COPT Defense Properties by 35.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company's stock valued at $81,689,000 after buying an additional 710,491 shares during the period. Finally, Cerity Partners LLC bought a new stake in COPT Defense Properties in the third quarter worth $494,000.

Analysts Set New Price Targets

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

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COPT Defense Properties Trading Down 1.6 %

CDP stock traded down $0.43 during mid-day trading on Friday, reaching $26.13. The company had a trading volume of 1,324,127 shares, compared to its average volume of 916,653. The company has a market capitalization of $2.94 billion, a PE ratio of 21.24 and a beta of 0.92. The firm has a 50 day moving average of $27.56 and a 200 day moving average of $29.98. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings data 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, equities analysts predict that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a yield of 4.67%. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio (DPR) is presently 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.