Graham Capital Management L.P. Boosts Stock Holdings in COPT Defense Properties $CDP

Key Points

• Graham Capital Management L.P. increased its investment in COPT Defense Properties by 796.3% during the first quarter, owning 72,181 shares valued at approximately $1.97 million.
• Wells Fargo & Company lowered its price target for COPT Defense Properties from $36.00 to $30.00, while maintaining an "overweight" rating, amidst a consensus rating of "Moderate Buy" from analysts.
• The company announced a quarterly dividend of $0.305 per share, which equates to an annual yield of 4.2%, with a payout ratio of 95.31%.

Graham Capital Management L.P. lifted its stake in COPT Defense Properties (NYSE:CDP - Free Report) by 796.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 72,181 shares of the company's stock after acquiring an additional 64,128 shares during the quarter. Graham Capital Management L.P. owned 0.06% of COPT Defense Properties worth $1,968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Westwood Holdings Group Inc. increased its stake in 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 purchasing an additional 741,765 shares during the period. Principal Financial Group Inc. raised its holdings in shares of COPT Defense Properties by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 1,945,257 shares of the company's stock valued at $53,047,000 after purchasing an additional 38,916 shares in the last quarter. Nuveen LLC acquired a new stake in COPT Defense Properties in the first quarter valued at $52,679,000. Northern Trust Corp lifted its stake in 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 purchasing an additional 281,834 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its holdings in COPT Defense Properties by 21.2% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,403,647 shares of the company's stock valued at $38,277,000 after purchasing an additional 245,440 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company reduced 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, COPT Defense Properties presently has an average rating of "Moderate Buy" and an average target price of $33.60.

COPT Defense Properties Stock Performance

CDP stock traded up $0.24 on Friday, hitting $30.65. The company's stock had a trading volume of 1,001,260 shares, compared to its average volume of 963,814. COPT Defense Properties has a 1 year low of $23.92 and a 1 year 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 market cap of $3.46 billion, a price-to-earnings ratio of 23.94 and a beta of 0.93. The firm has a 50 day moving average of $28.18 and a two-hundred day moving average of $27.41.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its 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. The business had revenue of $175.60 million during 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%. The business's revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $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. Equities analysts predict that COPT Defense Properties will post 2.67 EPS 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. Shareholders of record on Tuesday, September 30th will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 30th. COPT Defense Properties's payout ratio is currently 95.31%.

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.