Two Sigma Investments LP Lowers Position in COPT Defense Properties (NYSE:CDP)

Two Sigma Investments LP cut its holdings in shares of COPT Defense Properties (NYSE:CDP) by 80.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,409 shares of the company’s stock after selling 179,183 shares during the quarter. Two Sigma Investments LP’s holdings in COPT Defense Properties were worth $1,374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CDP. Alliancebernstein L.P. lifted its stake in COPT Defense Properties by 813.0% during the 4th quarter. Alliancebernstein L.P. now owns 6,247,854 shares of the company’s stock worth $193,371,000 after acquiring an additional 5,563,548 shares in the last quarter. Norges Bank acquired a new position in shares of COPT Defense Properties in the 4th quarter valued at $45,718,000. Cbre Investment Management Listed Real Assets LLC raised its holdings 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. Principal Financial Group Inc. raised its stake in COPT Defense Properties by 61.2% during the 4th quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company’s stock valued at $59,001,000 after acquiring an additional 723,486 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of COPT Defense Properties by 21.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,283,383 shares of the company’s stock valued at $101,621,000 after purchasing an additional 590,051 shares during the period.

COPT Defense Properties Stock Down 0.6%

Shares of NYSE:CDP opened at $27.58 on Wednesday. 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 52-week low of $23.84 and a 52-week high of $34.22. The company has a market capitalization of $3.11 billion, a P/E ratio of 22.42 and a beta of 0.86. The stock’s fifty day simple moving average is $26.58 and its 200-day simple moving average is $28.48.

COPT Defense Properties (NYSE:CDP) last posted its earnings results on Monday, April 28th. The company reported $0.65 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $187.86 million during the quarter, compared to analyst estimates of $186.37 million. During the same quarter last year, the firm earned $0.62 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Monday, June 30th will be paid a $0.305 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.42%. COPT Defense Properties’s dividend payout ratio (DPR) is currently 97.60%.

Insider Buying and Selling at COPT Defense Properties

In other COPT Defense Properties news, Director Robert L. Denton sold 4,398 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $26.70, for a total transaction of $117,426.60. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.42% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on COPT Defense Properties in a report on Monday, March 17th. They issued a “buy” rating and a $31.00 target price on the stock. Wells Fargo & Company lowered their target price on COPT Defense Properties from $36.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, COPT Defense Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.14.

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.