COPT Defense Properties $CDP Stake Increased by Cbre Investment Management Listed Real Assets LLC

Key Points

• Cbre Investment Management Listed Real Assets LLC boosted its stake in COPT Defense Properties by 21.2%, holding 1.24% of the company valued at approximately $38.28 million.
• COPT Defense Properties reported a net margin of 19.23% and earnings per share of $0.68 for the last quarter, exceeding analysts' expectations.
• The company announced a quarterly dividend of $0.305, with an annualized yield of 4.2%, indicating a high payout ratio of 95.31%.

Cbre Investment Management Listed Real Assets LLC increased its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 21.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,403,647 shares of the company's stock after buying an additional 245,440 shares during the period. Cbre Investment Management Listed Real Assets LLC owned 1.24% of COPT Defense Properties worth $38,277,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in shares of COPT Defense Properties by 2.0% in the first quarter. Principal Financial Group Inc. now owns 1,945,257 shares of the company's stock worth $53,047,000 after buying an additional 38,916 shares in the last quarter. M&T Bank Corp raised its stake in shares of COPT Defense Properties by 23.5% in the 1st quarter. M&T Bank Corp now owns 27,034 shares of the company's stock valued at $737,000 after acquiring an additional 5,145 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of COPT Defense Properties by 28.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,517 shares of the company's stock valued at $478,000 after acquiring an additional 3,866 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in COPT Defense Properties by 9.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 711,833 shares of the company's stock worth $19,412,000 after buying an additional 63,978 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in COPT Defense Properties by 1.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 237,177 shares of the company's stock worth $6,468,000 after buying an additional 3,351 shares during the period.

Analysts Set New Price Targets

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

COPT Defense Properties Trading Down 0.7%

Shares of NYSE CDP traded down $0.20 during midday trading on Thursday, reaching $28.69. 828,803 shares of the stock were exchanged, compared to its average volume of 941,470. The company has a market capitalization of $3.24 billion, a P/E ratio of 22.41 and a beta of 0.87. COPT Defense Properties has a 52-week low of $23.92 and a 52-week high of $34.22. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.58. The stock has a 50 day moving average price of $28.07 and a 200-day moving average price of $27.35.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.68 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $175.60 million during the quarter, compared to the consensus estimate of $186.55 million. During the same period in the previous 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. Equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.305 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.3%. COPT Defense Properties's dividend payout ratio (DPR) is currently 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.