COPT Defense Properties $CDP Shares Purchased by Invesco Ltd.

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. lifted its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 8.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 approximately 0.60% of COPT Defense Properties worth $18,499,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CDP. Westwood Holdings Group Inc. grew its holdings in shares of COPT Defense Properties by 25.7% during the first quarter. Westwood Holdings Group Inc. now owns 3,627,108 shares of the company's stock worth $98,911,000 after buying an additional 741,765 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of COPT Defense Properties during the first quarter worth about $19,737,000. Northern Trust Corp grew its holdings in shares of COPT Defense Properties by 19.4% during the fourth quarter. Northern Trust Corp now owns 1,737,815 shares of the company's stock worth $53,785,000 after buying an additional 281,834 shares in the last quarter. AQR Capital Management LLC grew its holdings in COPT Defense Properties by 32.5% in the fourth quarter. AQR Capital Management LLC now owns 1,103,627 shares of the company's stock valued at $33,981,000 after purchasing an additional 270,508 shares during the period. Finally, Waterfront Capital Partners LLC grew its holdings in COPT Defense Properties by 43.7% in the fourth quarter. Waterfront Capital Partners LLC now owns 709,216 shares of the company's stock valued at $21,950,000 after purchasing an additional 215,773 shares during the period.

Analyst Upgrades and Downgrades

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 analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, COPT Defense Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.17.

COPT Defense Properties Trading Up 1.2%

COPT Defense Properties stock traded up $0.36 during trading on Wednesday, reaching $28.93. The company had a trading volume of 813,035 shares, compared to its average volume of 836,600. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 22.60 and a beta of 0.87. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.96 and a current ratio of 2.96. COPT Defense Properties has a 12-month low of $23.92 and a 12-month high of $34.22. The stock's 50 day moving average price is $28.07 and its two-hundred day moving average price is $27.35.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.01. The firm had revenue of $175.60 million for the quarter, compared to analysts' expectations of $186.55 million. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. COPT Defense Properties's revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 earnings per share. 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 expect that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 30th. COPT Defense Properties's payout ratio is 95.31%.

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.