Deutsche Bank AG Sells 143,672 Shares of COPT Defense Properties $CDP

Key Points

• Deutsche Bank AG has reduced its stake in COPT Defense Properties (CDP) by 50.7%, now owning approximately 139,735 shares valued at about $3.81 million.
• The company recently declared a quarterly dividend of $0.305 per share, yielding 4.4%, with the payout date set for October 16th.
• COPT Defense Properties reported earnings of $0.68 per share for the last quarter, exceeding estimates by $0.01, while revenue was 1.4% higher year-over-year at $175.6 million.

Deutsche Bank AG cut its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 50.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 139,735 shares of the company's stock after selling 143,672 shares during the period. Deutsche Bank AG owned approximately 0.12% of COPT Defense Properties worth $3,811,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CDP. UMB Bank n.a. boosted its stake in shares of COPT Defense Properties by 321.7% during the 1st quarter. UMB Bank n.a. now owns 1,071 shares of the company's stock worth $29,000 after purchasing an additional 817 shares during the period. GF Fund Management CO. LTD. purchased a new position in shares of COPT Defense Properties during the 4th quarter worth about $63,000. US Bancorp DE boosted its stake in shares of COPT Defense Properties by 114.0% during the 1st quarter. US Bancorp DE now owns 3,770 shares of the company's stock worth $103,000 after purchasing an additional 2,008 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of COPT Defense Properties by 28.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,371 shares of the company's stock worth $119,000 after purchasing an additional 964 shares during the period. Finally, Central Pacific Bank Trust Division boosted its stake in shares of COPT Defense Properties by 10.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 6,854 shares of the company's stock worth $187,000 after purchasing an additional 660 shares during the period.

Wall Street Analysts Forecast Growth

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

COPT Defense Properties Trading Up 1.8%

COPT Defense Properties stock traded up $0.5240 during trading hours on Friday, hitting $28.9540. The company had a trading volume of 941,113 shares, compared to its average volume of 835,982. The firm has a market cap of $3.27 billion, a P/E ratio of 22.62 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 1 year low of $23.92 and a 1 year high of $34.22. The company has a 50-day moving average price of $28.06 and a two-hundred day moving average price of $27.35.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The company 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 firm's quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 EPS. 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, sell-side analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be given a $0.305 dividend. This represents a $1.22 annualized dividend 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 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.