Raymond James Financial Inc. Makes New Investment in COPT Defense Properties (NYSE:CDP)

Raymond James Financial Inc. acquired a new position in COPT Defense Properties (NYSE:CDP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 519,004 shares of the company's stock, valued at approximately $16,063,000. Raymond James Financial Inc. owned about 0.46% of COPT Defense Properties at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CDP. KBC Group NV boosted its stake in shares of COPT Defense Properties by 33.4% in the fourth quarter. KBC Group NV now owns 5,081 shares of the company's stock worth $157,000 after acquiring an additional 1,271 shares during the last quarter. Nordea Investment Management AB boosted its stake in COPT Defense Properties by 5.1% during 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 last quarter. JPMorgan Chase & Co. grew its holdings in shares of COPT Defense Properties by 35.8% during the third quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company's stock worth $81,689,000 after buying an additional 710,491 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in shares of COPT Defense Properties by 192.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,158,207 shares of the company's stock valued at $35,847,000 after buying an additional 762,840 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new position in shares of COPT Defense Properties in the fourth quarter worth about $1,397,000.

Wall Street Analysts Forecast Growth

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 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.43.

COPT Defense Properties Trading Down 0.2 %

COPT Defense Properties stock traded down $0.04 during midday trading on Thursday, hitting $26.54. 512,432 shares of the stock were exchanged, compared to its average volume of 1,038,272. 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 stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 21.58 and a beta of 0.92. The stock's 50-day simple moving average is $26.61 and its 200 day simple moving average is $29.49. COPT Defense Properties has a fifty-two week low of $22.53 and a fifty-two week high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping 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, equities analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st were paid a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio 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.