Dark Forest Capital Management LP Invests $5.17 Million in COPT Defense Properties $CDP

Key Points

• Dark Forest Capital Management LP has acquired a new position in COPT Defense Properties, purchasing 189,389 shares valued at approximately $5.165 million, representing 0.17% of the company.
• COPT Defense Properties recently announced a quarterly dividend of $0.305 per share, which will yield 4.2%, with the ex-dividend date set for September 30th.
• Analysts have moderated their price target for COPT Defense Properties from $36.00 to $30.00, maintaining an “overweight” rating, while the stock has an average target price of $33.17 based on current ratings.

Dark Forest Capital Management LP purchased a new stake in COPT Defense Properties (NYSE:CDP - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 189,389 shares of the company's stock, valued at approximately $5,165,000. Dark Forest Capital Management LP owned 0.17% of COPT Defense Properties at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. raised its position in COPT Defense Properties by 321.7% in the 1st quarter. UMB Bank n.a. now owns 1,071 shares of the company's stock valued at $29,000 after buying an additional 817 shares during the last quarter. Quarry LP grew its holdings in COPT Defense Properties by 102.0% during the first quarter. Quarry LP now owns 1,186 shares of the company's stock worth $32,000 after purchasing an additional 599 shares during the period. GF Fund Management CO. LTD. bought a new position in shares of COPT Defense Properties during the 4th quarter worth approximately $63,000. Brooklyn Investment Group boosted its holdings in shares of COPT Defense Properties by 9,030.4% during the 1st quarter. Brooklyn Investment Group now owns 2,100 shares of the company's stock worth $57,000 after buying an additional 2,077 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of COPT Defense Properties during the first quarter worth approximately $74,000.

Analyst Ratings Changes

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

COPT Defense Properties Price Performance

NYSE:CDP traded up $0.24 on Friday, hitting $30.65. The company had a trading volume of 1,001,260 shares, compared to its average volume of 963,814. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 23.94 and a beta of 0.93. 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 firm has a 50 day moving average of $28.18 and a two-hundred day moving average of $27.41. 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 issued its quarterly earnings data on Monday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.01. The company had revenue of $175.60 million during the quarter, compared to the consensus estimate of $186.55 million. COPT Defense Properties had a return on equity of 9.38% and a net margin of 19.23%.The firm's revenue was up 1.4% compared to the same quarter last year. During the same period last 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. On average, research analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be issued a $0.305 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.22 annualized dividend and a dividend yield of 4.0%. COPT Defense Properties's dividend payout ratio is currently 95.31%.

About COPT Defense Properties

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.