Cubist Systematic Strategies LLC Lowers Holdings in COPT Defense Properties $CDP

Key Points

• Cubist Systematic Strategies LLC reduced its holdings in COPT Defense Properties by 10.4%, selling 35,798 shares, bringing its total ownership to 307,274 shares worth approximately $8.38 million.
• COPT Defense Properties declared a quarterly dividend of $0.305 per share, with a yield of 4.2%, set to be paid on October 16th to shareholders on record as of September 30th.
• The company reported Q2 earnings of $0.68 per share, exceeding estimates, and forecasts Q3 2025 guidance of $0.660-0.680 EPS while analysts expect an average EPS of 2.67 for the current year.

Cubist Systematic Strategies LLC trimmed its holdings in COPT Defense Properties (NYSE:CDP - Free Report) by 10.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 307,274 shares of the company's stock after selling 35,798 shares during the period. Cubist Systematic Strategies LLC owned 0.27% of COPT Defense Properties worth $8,379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of CDP. Price T Rowe Associates Inc. MD raised its position in shares of COPT Defense Properties by 12.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 72,729 shares of the company's stock valued at $2,251,000 after buying an additional 8,017 shares during the last quarter. Northern Trust Corp raised its position in shares of COPT Defense Properties by 19.4% in the fourth quarter. Northern Trust Corp now owns 1,737,815 shares of the company's stock valued at $53,785,000 after buying an additional 281,834 shares during the last quarter. AXA S.A. raised its position in shares of COPT Defense Properties by 250.4% in the fourth quarter. AXA S.A. now owns 27,508 shares of the company's stock valued at $851,000 after buying an additional 19,657 shares during the last quarter. Caxton Associates LP grew its holdings in shares of COPT Defense Properties by 140.8% in the fourth quarter. Caxton Associates LP now owns 37,611 shares of the company's stock valued at $1,164,000 after purchasing an additional 21,989 shares during the period. Finally, Brevan Howard Capital Management LP grew its holdings in shares of COPT Defense Properties by 128.5% in the fourth quarter. Brevan Howard Capital Management LP now owns 40,740 shares of the company's stock valued at $1,261,000 after purchasing an additional 22,910 shares during the period.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company dropped 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 report on Monday, May 19th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $33.60.

COPT Defense Properties Trading Up 0.8%

Shares of CDP traded up $0.24 during mid-day trading on Friday, reaching $30.65. The stock had a trading volume of 1,001,260 shares, compared to its average volume of 981,013. 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 firm has a market cap of $3.46 billion, a price-to-earnings ratio of 23.94 and a beta of 0.93. The business's fifty day moving average is $28.24 and its 200 day moving average is $27.43. COPT Defense Properties has a 52-week low of $23.92 and a 52-week high of $34.22.

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. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The business had revenue of $175.60 million during the quarter, compared to analysts' expectations of $186.55 million. During the same period last year, the business earned $0.64 earnings per share. The business's revenue for the quarter was up 1.4% on a year-over-year basis. 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 predict that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The business 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. The ex-dividend date is Tuesday, September 30th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.0%. COPT Defense Properties's dividend payout ratio (DPR) is currently 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.