Arrowstreet Capital Limited Partnership Decreases Position in COPT Defense Properties (NYSE:CDP)

Arrowstreet Capital Limited Partnership reduced its stake in COPT Defense Properties (NYSE:CDP) by 38.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 562,795 shares of the company’s stock after selling 350,937 shares during the period. Arrowstreet Capital Limited Partnership owned 0.50% of COPT Defense Properties worth $17,419,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CDP. GAMMA Investing LLC grew its position 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 buying an additional 614 shares during the last quarter. USA Financial Formulas purchased a new position in shares of COPT Defense Properties during the fourth quarter worth about $90,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of COPT Defense Properties during the third quarter worth about $91,000. Spirit of America Management Corp NY lifted its holdings 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 valued at $155,000 after purchasing an additional 1,000 shares during the last quarter. Finally, KBC Group NV boosted its position 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 valued at $157,000 after purchasing an additional 1,271 shares during the period.

Wall Street Analysts Forecast Growth

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 on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.43.

COPT Defense Properties Trading Down 1.6 %

Shares of CDP stock opened at $26.13 on Friday. The company has a market capitalization of $2.94 billion, a P/E ratio of 21.24 and a beta of 0.92. 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 business’s 50 day moving average is $27.56 and its two-hundred day moving average is $29.98. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share 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%. Equities analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The company 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 dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.67%. This is a positive change 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%.

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.