COPT Defense Properties (NYSE:CDP) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lessened its stake in shares of COPT Defense Properties (NYSE:CDP) by 85.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,582 shares of the company’s stock after selling 281,244 shares during the quarter. Tudor Investment Corp ET AL’s holdings in COPT Defense Properties were worth $1,442,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of COPT Defense Properties by 77.8% during the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock worth $43,000 after buying an additional 614 shares in the last quarter. FIL Ltd raised its holdings in COPT Defense Properties by 17.8% in the 4th quarter. FIL Ltd now owns 2,591 shares of the company’s stock valued at $80,000 after acquiring an additional 391 shares during the last quarter. USA Financial Formulas purchased a new position in shares of COPT Defense Properties during the 4th quarter worth $90,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of COPT Defense Properties during the third quarter worth $91,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of COPT Defense Properties in the fourth quarter valued at $110,000.

COPT Defense Properties Trading Down 1.2 %

CDP stock opened at $26.25 on Tuesday. COPT Defense Properties has a 52 week low of $23.47 and a 52 week high of $34.22. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 21.34 and a beta of 0.86. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. The business has a fifty day simple moving average of $26.50 and a 200-day simple moving average of $29.17.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data on Monday, April 28th. The company reported $0.65 EPS for the quarter, hitting analysts’ consensus estimates of $0.65. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. The company had revenue of $187.86 million for the quarter, compared to the consensus estimate of $186.37 million. During the same period last year, the business posted $0.62 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st were given a $0.305 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.22 annualized dividend and a dividend yield of 4.65%. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30. COPT Defense Properties’s dividend payout ratio is presently 97.60%.

Analyst Ratings Changes

Separately, 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, COPT Defense Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.43.

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.