AlphaQuest LLC Has $2.32 Million Position in COPT Defense Properties $CDP

Key Points

• AlphaQuest LLC significantly increased its stake in COPT Defense Properties by 8,503,100% in the first quarter, owning a total of 85,032 shares valued at approximately $2.32 million.
• COPT Defense Properties recently reported earnings per share (EPS) of $0.68 for the quarter, beating estimates, and has set a FY 2025 EPS guidance of 2.650-2.690.
• The company announced a quarterly dividend of $0.305, providing a yield of 4.3%, with a dividend payout ratio of 95.31%.

AlphaQuest LLC lifted its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 8,503,100.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,032 shares of the company's stock after acquiring an additional 85,031 shares during the quarter. AlphaQuest LLC owned approximately 0.08% of COPT Defense Properties worth $2,319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in COPT Defense Properties by 321.7% in the first 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 last quarter. GF Fund Management CO. LTD. bought a new stake in shares of COPT Defense Properties during the fourth quarter worth $63,000. Brooklyn Investment Group increased its position in shares of COPT Defense Properties by 9,030.4% during the first quarter. Brooklyn Investment Group now owns 2,100 shares of the company's stock worth $57,000 after acquiring an additional 2,077 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of COPT Defense Properties during the first quarter worth $74,000. Finally, US Bancorp DE increased its position in shares of COPT Defense Properties by 114.0% during the first quarter. US Bancorp DE now owns 3,770 shares of the company's stock worth $103,000 after acquiring an additional 2,008 shares in the last quarter.

COPT Defense Properties Stock Up 0.8%

CDP stock traded up $0.24 during mid-day trading on Wednesday, reaching $28.81. The company had a trading volume of 251,351 shares, compared to its average volume of 938,720. 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 stock has a 50 day simple moving average of $28.06 and a two-hundred day simple moving average of $27.34. COPT Defense Properties has a 52 week low of $23.92 and a 52 week high of $34.22. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 22.50 and a beta of 0.87.

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. 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 analyst estimates of $186.55 million. During the same period in the prior year, the firm posted $0.64 earnings per share. The company's quarterly revenue was up 1.4% compared to the same quarter last year. COPT Defense Properties has set its Q3 2025 guidance at 0.660-0.680 EPS. FY 2025 guidance at 2.650-2.690 EPS. As a group, equities 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. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 30th. COPT Defense Properties's dividend payout ratio is 95.31%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lowered their price objective on shares of COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.17.

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.