COPT Defense Properties $CDP Stake Decreased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has reduced its stake in COPT Defense Properties by 60.4%, holding 12,145 shares worth approximately $331,000 after selling 18,540 shares in the first quarter.
• COPT Defense Properties reported a quarterly earnings per share (EPS) of $0.68, surpassing the consensus estimate of $0.67, despite revenues falling short of expectations at $175.60 million.
• The company declared a quarterly dividend of $0.305 per share, scheduled for payment on October 16th, with a current annualized yield of 4.3% and a payout ratio of 95.31%.

Quantbot Technologies LP lessened its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 60.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,145 shares of the company's stock after selling 18,540 shares during the period. Quantbot Technologies LP's holdings in COPT Defense Properties were worth $331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CDP. Dimensional Fund Advisors LP raised its holdings in shares of COPT Defense Properties by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,626,381 shares of the company's stock valued at $50,336,000 after buying an additional 4,894 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in COPT Defense Properties by 78.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,590 shares of the company's stock worth $421,000 after purchasing an additional 5,975 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in COPT Defense Properties by 12.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 72,729 shares of the company's stock worth $2,251,000 after purchasing an additional 8,017 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in COPT Defense Properties during the fourth quarter worth approximately $604,000. Finally, Northern Trust Corp raised its holdings 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 in the last quarter.

COPT Defense Properties Trading Down 0.5%

COPT Defense Properties stock opened at $28.57 on Wednesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.96 and a current ratio of 2.96. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 22.32 and a beta of 0.87. COPT Defense Properties has a 1 year low of $23.92 and a 1 year high of $34.22. The firm's 50 day moving average price is $28.06 and its two-hundred day moving average price is $27.34.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. The firm had revenue of $175.60 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, research analysts predict that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

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 $0.305 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.22 annualized dividend and a yield of 4.3%. COPT Defense Properties's payout ratio is 95.31%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company dropped their target price on COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating on the stock in a 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 company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.

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