Alliancebernstein L.P. Has $186.39 Million Position in COPT Defense Properties $CDP

Key Points

• Alliancebernstein L.P. increased its stake in COPT Defense Properties by 9.4% in Q1, owning over 6.8 million shares valued at approximately $186.39 million.
• Wells Fargo downgraded the stock's price target from $36.00 to $30.00, although it retains an "overweight" rating, while COPT Defense Properties has an average target price of $33.60.
• The company announced a quarterly dividend of $0.305 per share with a yield of 4.0%, set to be paid on October 16th.

Alliancebernstein L.P. raised its stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 9.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,834,820 shares of the company's stock after buying an additional 586,966 shares during the period. Alliancebernstein L.P. owned about 6.05% of COPT Defense Properties worth $186,386,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CDP. UMB Bank n.a. boosted its stake in shares of COPT Defense Properties by 321.7% during the 1st quarter. UMB Bank n.a. now owns 1,071 shares of the company's stock valued at $29,000 after buying an additional 817 shares during the period. Quarry LP raised its holdings in shares of COPT Defense Properties by 102.0% during the 1st quarter. Quarry LP now owns 1,186 shares of the company's stock valued at $32,000 after purchasing an additional 599 shares in the last quarter. Brooklyn Investment Group raised its holdings in COPT Defense Properties by 9,030.4% in the 1st quarter. Brooklyn Investment Group now owns 2,100 shares of the company's stock worth $57,000 after acquiring an additional 2,077 shares during the period. GF Fund Management CO. LTD. bought a new position in COPT Defense Properties in the 4th quarter worth $63,000. Finally, Headlands Technologies LLC bought a new position in COPT Defense Properties in the 1st quarter worth $74,000.

COPT Defense Properties Stock Performance

NYSE CDP traded up $0.19 during midday trading on Wednesday, hitting $30.63. The company had a trading volume of 155,148 shares, compared to its average volume of 957,525. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.58. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 23.94 and a beta of 0.93. The firm has a fifty day simple moving average of $28.34 and a two-hundred day simple moving average of $27.49. COPT Defense Properties has a fifty-two week low of $23.92 and a fifty-two week high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted 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. The company had revenue of $175.60 million for the quarter, compared to analyst estimates of $186.55 million. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The business's quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. COPT Defense Properties has set its Q3 2025 guidance at 0.660-0.680 EPS. FY 2025 guidance at 2.650-2.690 EPS. Equities analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be given a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 4.0%. The ex-dividend date is Tuesday, September 30th. COPT Defense Properties's dividend payout ratio (DPR) is currently 95.31%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company dropped 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 report on Monday, May 19th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, COPT Defense Properties has a consensus rating of "Moderate Buy" and a consensus target price of $33.60.

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.