6 days Ago By Defense World Staff
Renaissance Technologies LLC cut its position in COPT Defense Properties ( NYSE:CDP – Free Report ) by 74.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 46,623 shares of the company’s stock after selling 135,777 shares during the period.
Renaissance Technologies LLC’s holdings in COPT Defense Properties were worth $1,443,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently made changes to their positions in CDP. GAMMA Investing LLC lifted its stake in COPT Defense Properties by 77.
8% during the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock valued at $43,000 after acquiring an additional 614 shares during the period. FIL Ltd lifted its position in COPT Defense Properties by 17.
8% during the fourth quarter. FIL Ltd now owns 2,591 shares of the company’s stock valued at $80,000 after purchasing an additional 391 shares during the period. USA Financial Formulas purchased a new stake in COPT Defense Properties in the fourth quarter worth approximately $90,000.
Wilmington Savings Fund Society FSB bought a new stake in COPT Defense Properties in the 3rd quarter worth approximately $91,000. Finally, Meeder Asset Management Inc. purchased a new stake in COPT Defense Properties during the 4th quarter valued at $110,000.
Wall Street Analyst Weigh In Separately, Jefferies Financial Group initiated 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $33.43.
COPT Defense Properties Trading Up 1.1 % Shares of COPT Defense Properties stock opened at $26.65 on Tuesday.
The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.
38. The stock has a market capitalization of $3.01 billion, a PE ratio of 21.
67 and a beta of 0.92. COPT Defense Properties has a 1-year low of $23.
47 and a 1-year high of $34.22. The company’s fifty day simple moving average is $26.
57 and its 200-day simple moving average is $29.38. 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 (EPS) for the quarter, beating the consensus estimate 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 anticipate that COPT Defense Properties will post 2.67 earnings per share for the current year.
COPT Defense Properties Increases Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were given a $0.305 dividend.
This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30. This represents a $1.
22 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date was Monday, March 31st.
COPT Defense Properties’s dividend payout ratio is presently 99.19%. COPT Defense Properties Company Profile ( Free Report ) 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.
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