COPT Defense Properties (NYSE:CDP) Shares Bought by Jane Street Group LLC

Jane Street Group LLC increased its stake in COPT Defense Properties (NYSE:CDP) by 50.0% during the 3rd quarter, Holdings Channel reports. The fund owned 358,026 shares of the company’s stock after purchasing an additional 119,316 shares during the quarter. Jane Street Group LLC’s holdings in COPT Defense Properties were worth $10,859,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Point72 DIFC Ltd purchased a new position in COPT Defense Properties in the third quarter valued at $208,000. Centiva Capital LP boosted its holdings in COPT Defense Properties by 52.7% in the third quarter. Centiva Capital LP now owns 28,312 shares of the company’s stock valued at $859,000 after purchasing an additional 9,770 shares during the period. Adelante Capital Management LLC purchased a new position in COPT Defense Properties in the third quarter valued at $436,000. Martingale Asset Management L P purchased a new position in COPT Defense Properties in the third quarter valued at $3,155,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in COPT Defense Properties by 404.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 792,728 shares of the company’s stock valued at $24,043,000 after purchasing an additional 635,705 shares during the period.

COPT Defense Properties Price Performance

Shares of NYSE:CDP opened at $32.63 on Friday. The business’s 50 day simple moving average is $31.93 and its 200-day simple moving average is $29.01. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 26.75 and a beta of 0.98. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.38 and a quick ratio of 2.38. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22.

COPT Defense Properties (NYSE:CDP) last posted its earnings results on Monday, October 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.32). COPT Defense Properties had a net margin of 18.34% and a return on equity of 8.99%. The company had revenue of $189.23 million during the quarter, compared to analysts’ expectations of $167.37 million. During the same period in the previous year, the company posted $0.60 EPS. COPT Defense Properties’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts forecast that COPT Defense Properties will post 2.58 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, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Tuesday, December 31st. COPT Defense Properties’s payout ratio is currently 96.72%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company decreased their price target on COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. BTIG Research lifted their price target on COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Truist Financial lifted their price target on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Evercore ISI lifted their price target on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their target price on COPT Defense Properties from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

COPT Defense Properties Profile

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.