Renaissance Technologies LLC decreased its holdings in COPT Defense Properties (NYSE:CDP – Free Report) by 58.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 98,300 shares of the company’s stock after selling 136,300 shares during the quarter. Renaissance Technologies LLC owned approximately 0.09% of COPT Defense Properties worth $2,460,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CDP. Vanguard Group Inc. acquired a new position in shares of COPT Defense Properties during the first quarter worth approximately $407,496,000. Earnest Partners LLC acquired a new position in COPT Defense Properties during the 1st quarter worth $129,344,000. Westwood Holdings Group Inc. bought a new stake in shares of COPT Defense Properties during the first quarter worth $90,045,000. Sei Investments Co. acquired a new position in shares of COPT Defense Properties during the first quarter valued at $43,731,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new position in COPT Defense Properties in the first quarter valued at about $21,211,000.
Insider Activity
In related news, COO Britt A. Snider acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of $29.41 per share, for a total transaction of $29,410.00. Following the completion of the acquisition, the chief operating officer now directly owns 2,000 shares in the company, valued at approximately $58,820. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.06% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on CDP
COPT Defense Properties Price Performance
Shares of NYSE CDP opened at $30.64 on Wednesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.17 and a quick ratio of 3.17. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $30.99. The company’s fifty day moving average is $29.29 and its 200-day moving average is $26.14.
COPT Defense Properties (NYSE:CDP – Get Free Report) last posted its earnings results on Monday, July 29th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.33). COPT Defense Properties had a negative net margin of 15.75% and a negative return on equity of 7.52%. The business had revenue of $187.34 million during the quarter, compared to analyst estimates of $166.11 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. On average, equities analysts predict that COPT Defense Properties will post 2.56 earnings per share for the current year.
COPT Defense Properties Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Monday, September 30th. COPT Defense Properties’s payout ratio is currently -109.26%.
About COPT Defense Properties
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.
Featured Stories
- Five stocks we like better than COPT Defense Properties
- What Does a Stock Split Mean?
- Why Lennar Stock Could Be the Best Play in the Housing Market
- What Are Dividend Champions? How to Invest in the Champions
- 2 Energy Stocks Fueling the AI Datacenter Boom
- How to Find Undervalued Stocks
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Want to see what other hedge funds are holding CDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for COPT Defense Properties (NYSE:CDP – Free Report).
Receive News & Ratings for COPT Defense Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for COPT Defense Properties and related companies with MarketBeat.com's FREE daily email newsletter.