Invesco Ltd. Has $18.50 Million Stock Position in COPT Defense Properties $CDP

Key Points

• Invesco Ltd. has increased its stake in COPT Defense Properties by 8.7%, acquiring a total of 678,360 shares valued at approximately $18.5 million.
• COPT Defense Properties recently declared a quarterly dividend of $0.305 per share, with an annualized yield of 4.3% and a dividend payout ratio of 95.31%.
• The company reported a Q2 EPS of $0.68, slightly surpassing the consensus estimate of $0.67, while reporting a 1.4% increase in revenue compared to the same period last year.

Invesco Ltd. raised its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 8.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 678,360 shares of the company's stock after buying an additional 54,333 shares during the quarter. Invesco Ltd. owned 0.60% of COPT Defense Properties worth $18,499,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

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

COPT Defense Properties Stock Down 0.7%

CDP traded down $0.2120 during midday trading on Monday, hitting $28.7280. 1,114,938 shares of the company's stock traded hands, compared to its average volume of 942,834. COPT Defense Properties has a one year low of $23.92 and a one year high of $34.22. The company has a market cap of $3.24 billion, a PE 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 stock's fifty day simple moving average is $28.06 and its 200-day simple moving average is $27.34.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $0.68 EPS for the quarter, beating 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 company had revenue of $175.60 million for the quarter, compared to analyst estimates of $186.55 million. During the same quarter last 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 anticipate 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. Stockholders of record on Tuesday, September 30th will be given a $0.305 dividend. The ex-dividend date of this dividend 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 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.