COPT Defense Properties $CDP Shares Acquired by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its stake in COPT Defense Properties by 62.0%, owning 200,191 shares valued at approximately $5.46 million according to its recent Form 13F filing.
• COPT Defense Properties announced a quarterly dividend of $0.305 per share, which translates to an annual dividend yield of 4.2%.
• The company reported earnings of $0.68 EPS for the last quarter, exceeding analysts' expectations, but its revenue fell short of forecasts at $175.60 million.

Hsbc Holdings PLC grew its position in COPT Defense Properties (NYSE:CDP - Free Report) by 62.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,191 shares of the company's stock after buying an additional 76,591 shares during the quarter. Hsbc Holdings PLC owned 0.18% of COPT Defense Properties worth $5,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brooklyn Investment Group boosted its holdings in COPT Defense Properties by 9,030.4% in the first quarter. Brooklyn Investment Group now owns 2,100 shares of the company's stock valued at $57,000 after purchasing an additional 2,077 shares during the period. Algert Global LLC boosted its holdings in COPT Defense Properties by 2.3% in the first quarter. Algert Global LLC now owns 495,157 shares of the company's stock valued at $13,503,000 after purchasing an additional 11,189 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in COPT Defense Properties by 1.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 223,458 shares of the company's stock valued at $6,094,000 after purchasing an additional 3,289 shares during the period. Aberdeen Group plc boosted its holdings in COPT Defense Properties by 6.1% in the first quarter. Aberdeen Group plc now owns 41,275 shares of the company's stock valued at $1,126,000 after purchasing an additional 2,384 shares during the period. Finally, Fox Run Management L.L.C. boosted its holdings in COPT Defense Properties by 10.0% in the first quarter. Fox Run Management L.L.C. now owns 25,637 shares of the company's stock valued at $699,000 after purchasing an additional 2,321 shares during the period.

COPT Defense Properties Stock Down 0.7%

Shares of NYSE CDP opened at $28.7280 on Tuesday. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 22.44 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 business has a 50-day moving average of $28.06 and a two-hundred day moving average of $27.33. COPT Defense Properties has a 1 year low of $23.92 and a 1 year high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its 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 return on equity of 9.38% and a net margin of 19.23%.The business had revenue of $175.60 million for the quarter, compared to analysts' expectations of $186.55 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The business's 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. On average, analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be given 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 4.2%. COPT Defense Properties's payout ratio is 95.31%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company decreased their target price on 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 research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $33.17.

COPT Defense Properties Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.