Landscape Capital Management L.L.C. Acquires New Position in COPT Defense Properties (NYSE:CDP)

Landscape Capital Management L.L.C. bought a new position in COPT Defense Properties (NYSE:CDP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,596 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its holdings in shares of COPT Defense Properties by 813.0% in the 4th quarter. Alliancebernstein L.P. now owns 6,247,854 shares of the company’s stock worth $193,371,000 after purchasing an additional 5,563,548 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in 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 buying an additional 590,051 shares during the last quarter. Geode Capital Management LLC lifted its stake in COPT Defense Properties by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,927,208 shares of the company’s stock valued at $88,797,000 after buying an additional 21,388 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of COPT Defense Properties by 1.2% during the fourth quarter. Sei Investments Co. now owns 2,139,455 shares of the company’s stock valued at $66,216,000 after acquiring an additional 24,577 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of COPT Defense Properties by 61.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company’s stock worth $59,001,000 after acquiring an additional 723,486 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group started coverage on COPT Defense Properties in a research report on Monday, March 17th. They set a “buy” rating and a $31.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, COPT Defense Properties currently has a consensus rating of “Moderate Buy” and an average target price of $33.43.

COPT Defense Properties Stock Down 2.4 %

NYSE CDP opened at $24.66 on Wednesday. The company has a market capitalization of $2.78 billion, a P/E ratio of 20.05 and a beta of 0.92. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22. 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 company’s 50 day simple moving average is $27.29 and its 200 day simple moving average is $29.86.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, topping 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%. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be paid a $0.305 dividend. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a yield of 4.95%. COPT Defense Properties’s dividend payout ratio (DPR) is currently 99.19%.

COPT Defense Properties 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.