COPT Defense Properties $CDP Shares Bought by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in COPT Defense Properties by 2.3%, owning approximately 0.44% of the company, valued at about $13.5 million, following the purchase of an additional 11,189 shares.
• COPT Defense Properties recently announced a quarterly dividend of $0.305, with a dividend yield of 4.4%, set to be paid on October 16th to shareholders of record by September 30th.
• The company reported earnings per share (EPS) of $0.68 for the last quarter, beating analysts' expectations, while revenue was $175.6 million, slightly below the forecast of $186.55 million.

Algert Global LLC grew its holdings in COPT Defense Properties (NYSE:CDP - Free Report) by 2.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 495,157 shares of the company's stock after acquiring an additional 11,189 shares during the period. Algert Global LLC owned about 0.44% of COPT Defense Properties worth $13,503,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. raised its stake in shares of COPT Defense Properties by 321.7% in the 1st quarter. UMB Bank n.a. now owns 1,071 shares of the company's stock valued at $29,000 after acquiring an additional 817 shares during the period. GF Fund Management CO. LTD. purchased a new position in shares of COPT Defense Properties in the 4th quarter valued at $63,000. Headlands Technologies LLC purchased a new position in shares of COPT Defense Properties in the 1st quarter valued at $74,000. US Bancorp DE raised its stake in shares of COPT Defense Properties by 114.0% in the 1st quarter. US Bancorp DE now owns 3,770 shares of the company's stock valued at $103,000 after acquiring an additional 2,008 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of COPT Defense Properties by 28.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,371 shares of the company's stock valued at $119,000 after acquiring an additional 964 shares during the period.

Analysts Set New Price Targets

Separately, Wells Fargo & Company cut their target price on shares of COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, COPT Defense Properties has a consensus rating of "Moderate Buy" and a consensus price target of $33.17.

COPT Defense Properties Stock Up 2.4%

COPT Defense Properties stock traded up $0.68 during midday trading on Friday, hitting $29.11. 390,838 shares of the stock were exchanged, compared to its average volume of 938,244. COPT Defense Properties has a 1 year low of $23.92 and a 1 year high of $34.22. The firm has a market cap of $3.29 billion, a P/E ratio of 22.74 and a beta of 0.87. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.96 and a quick ratio of 2.96. The company has a 50 day moving average price of $28.05 and a two-hundred day moving average price of $27.37.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The firm had revenue of $175.60 million for the quarter, compared to the consensus estimate of $186.55 million. During the same quarter in the previous year, the firm posted $0.64 EPS. The firm's quarterly revenue was up 1.4% on a year-over-year basis. COPT Defense Properties has set its Q3 2025 guidance at 0.660-0.680 EPS. FY 2025 guidance at 2.650-2.690 EPS. On average, sell-side analysts predict that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.305 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.22 annualized dividend and a yield of 4.2%. COPT Defense Properties's payout ratio is 95.31%.

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.