Martingale Asset Management L P Sells 47,489 Shares of COPT Defense Properties $CDP

Key Points

• Martingale Asset Management L P has reduced its stake in COPT Defense Properties by 44.8% in the first quarter, now holding approximately 58,456 shares valued at $1.59 million.
• The company recently announced a quarterly dividend of $0.305, with a dividend yield of 4.2%, to be paid to shareholders on October 16th.
• Despite the reduction in holdings by some investors, the stock price of COPT Defense Properties has increased by 1.8% recently, opening at $28.95.

Martingale Asset Management L P trimmed its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 44.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,456 shares of the company's stock after selling 47,489 shares during the quarter. Martingale Asset Management L P owned 0.05% of COPT Defense Properties worth $1,594,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in 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 acquiring an additional 817 shares during the last quarter. Brooklyn Investment Group grew its holdings in 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 acquiring an additional 2,077 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in COPT Defense Properties during the 4th quarter worth approximately $63,000. Headlands Technologies LLC bought a new stake in COPT Defense Properties during the 1st quarter worth approximately $74,000. Finally, US Bancorp DE grew its holdings in 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 acquiring an additional 2,008 shares during the last quarter.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reduced their target price on shares of 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 issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $33.17.

COPT Defense Properties Trading Down 0.4%

Shares of NYSE:CDP traded down $0.13 during trading on Friday, reaching $28.73. The stock had a trading volume of 127,313 shares, compared to its average volume of 939,403. The firm's fifty day moving average is $28.07 and its 200 day moving average is $27.35. 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 52 week low of $23.92 and a 52 week high of $34.22. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 22.42 and a beta of 0.87.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.01. The company 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 company's quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $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. As a group, equities analysts forecast that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.305 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.22 annualized dividend and a yield of 4.2%. COPT Defense Properties's dividend payout ratio 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.