Jane Street Group LLC Sells 273,207 Shares of COPT Defense Properties (NYSE:CDP)

Jane Street Group LLC decreased its holdings in COPT Defense Properties (NYSE:CDP) by 76.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,819 shares of the company’s stock after selling 273,207 shares during the quarter. Jane Street Group LLC owned approximately 0.08% of COPT Defense Properties worth $2,625,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. FIL Ltd lifted its holdings in COPT Defense Properties by 17.8% in the fourth quarter. FIL Ltd now owns 2,591 shares of the company’s stock valued at $80,000 after buying an additional 391 shares during the period. USA Financial Formulas acquired a new position in COPT Defense Properties in the fourth quarter valued at $90,000. Meeder Asset Management Inc. acquired a new position in COPT Defense Properties in the fourth quarter valued at $110,000. Spirit of America Management Corp NY lifted its holdings in COPT Defense Properties by 25.0% in the fourth quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company’s stock valued at $155,000 after buying an additional 1,000 shares during the period. Finally, KBC Group NV lifted its holdings in COPT Defense Properties by 33.4% in the fourth quarter. KBC Group NV now owns 5,081 shares of the company’s stock valued at $157,000 after buying an additional 1,271 shares during the period.

Analysts Set New Price Targets

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

COPT Defense Properties Trading Down 2.0%

NYSE:CDP opened at $26.47 on Thursday. COPT Defense Properties has a one year low of $23.47 and a one year 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 firm has a 50-day moving average of $26.47 and a 200-day moving average of $28.95. The company has a market cap of $2.99 billion, a PE ratio of 21.52 and a beta of 0.86.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.65 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.65. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. The business had revenue of $187.86 million during the quarter, compared to the consensus estimate of $186.37 million. During the same period in the prior year, the firm posted $0.62 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts expect that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st were given a dividend of $0.305 per share. This is an increase 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 4.61%. The ex-dividend date of this dividend was Monday, March 31st. COPT Defense Properties’s dividend payout ratio is currently 97.60%.

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.