Russell Investments Group Ltd. Raises Holdings in COPT Defense Properties (NYSE:CDP)

Russell Investments Group Ltd. boosted its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,176 shares of the company's stock after buying an additional 45,651 shares during the period. Russell Investments Group Ltd. owned 0.23% of COPT Defense Properties worth $8,052,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CDP. GAMMA Investing LLC boosted its stake in shares of COPT Defense Properties by 77.8% in the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock worth $43,000 after acquiring an additional 614 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of COPT Defense Properties during the fourth quarter worth $90,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of COPT Defense Properties in the third quarter valued at about $91,000. Meeder Asset Management Inc. purchased a new position in shares of COPT Defense Properties in the fourth quarter worth about $110,000. Finally, Spirit of America Management Corp NY boosted its position in COPT Defense Properties by 25.0% during the fourth quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company's stock worth $155,000 after acquiring an additional 1,000 shares during the last quarter.

COPT Defense Properties Trading Up 1.3 %

NYSE:CDP traded up $0.34 on Tuesday, hitting $26.29. The stock had a trading volume of 843,618 shares, compared to its average volume of 926,279. The company has a fifty day moving average price of $26.85 and a two-hundred day moving average price of $29.67. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 21.37 and a beta of 0.92. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a 1-year low of $22.20 and a 1-year high of $34.22.

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COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share 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%. Equities research analysts expect 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 paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.64%. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. The ex-dividend date is Monday, March 31st. COPT Defense Properties's payout ratio is 99.19%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group began coverage on COPT Defense Properties in a report on Monday, March 17th. They set a "buy" rating and a $31.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, COPT Defense Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.43.

About COPT Defense Properties

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.