Cramer Rosenthal Mcglynn LLC Cuts Holdings in COPT Defense Properties (NYSE:CDP)

Cramer Rosenthal Mcglynn LLC lowered its stake in shares of COPT Defense Properties (NYSE:CDP) by 47.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,785 shares of the company’s stock after selling 137,197 shares during the period. Cramer Rosenthal Mcglynn LLC’s holdings in COPT Defense Properties were worth $4,636,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Alliancebernstein L.P. lifted its stake in shares of 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 purchasing an additional 5,563,548 shares during the last quarter. JPMorgan Chase & Co. raised its holdings 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 worth $101,621,000 after purchasing an additional 590,051 shares in the last quarter. FMR LLC lifted its position in shares of COPT Defense Properties by 12.2% during the fourth quarter. FMR LLC now owns 3,099,052 shares of the company’s stock valued at $95,916,000 after buying an additional 335,775 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of COPT Defense Properties by 0.7% during 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. Finally, Sei Investments Co. boosted its holdings in shares of COPT Defense Properties by 1.2% in the 4th quarter. Sei Investments Co. now owns 2,139,455 shares of the company’s stock valued at $66,216,000 after buying an additional 24,577 shares in the last quarter.

Analyst Upgrades and Downgrades

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

COPT Defense Properties Trading Up 0.6 %

NYSE:CDP opened at $26.36 on Friday. The company has a market capitalization of $2.98 billion, a P/E ratio of 21.43 and a beta of 0.92. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22. The firm has a fifty day simple moving average of $26.73 and a 200-day simple moving average of $29.62.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share 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%. On average, equities research analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were given a dividend of $0.305 per share. The ex-dividend date was Monday, March 31st. 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 yield of 4.63%. COPT Defense Properties’s dividend payout ratio (DPR) is currently 99.19%.

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.