Quantbot Technologies LP Sells 101,624 Shares of COPT Defense Properties (NYSE:CDP)

Quantbot Technologies LP cut its stake in COPT Defense Properties (NYSE:CDP - Free Report) by 76.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,685 shares of the company's stock after selling 101,624 shares during the period. Quantbot Technologies LP's holdings in COPT Defense Properties were worth $950,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its stake 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 purchasing an additional 614 shares during the period. USA Financial Formulas purchased a new position in COPT Defense Properties during the fourth quarter valued at $90,000. Wilmington Savings Fund Society FSB bought a new stake in shares of COPT Defense Properties during the 3rd quarter valued at $91,000. Spirit of America Management Corp NY grew its position in shares of 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 buying an additional 1,000 shares during the period. Finally, KBC Group NV increased its stake in shares of 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 acquiring an additional 1,271 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CDP shares. Truist Financial upped their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Jefferies Financial Group assumed coverage on COPT Defense Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $31.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $33.43.

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COPT Defense Properties Stock Up 0.7 %

Shares of CDP traded up $0.20 on Friday, hitting $27.28. 861,979 shares of the stock traded hands, compared to its average volume of 906,673. COPT Defense Properties has a one year low of $22.20 and a one year high of $34.22. The company has a market capitalization of $3.07 billion, a PE ratio of 22.18 and a beta of 0.96. The business has a 50 day simple moving average of $27.84 and a 200 day simple moving average of $30.08. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47.

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, topping analysts' consensus estimates of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. As a group, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date is Monday, March 31st. 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 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.