Nuveen LLC Makes New Investment in COPT Defense Properties $CDP

Key Points

• Nuveen LLC has acquired a new stake in COPT Defense Properties, purchasing 1,931,765 shares valued at approximately $52.68 million, representing around 1.71% of the company's shares.
• COPT Defense Properties has announced a quarterly dividend of $0.305 per share, with a payout ratio of 95.31% and a dividend yield of 4.4%.
• The stock has shown a decline of 0.9% and has a twelve month price range of $23.92 to $34.22, indicating significant market activity and investor interest.

Nuveen LLC bought a new position in shares of COPT Defense Properties (NYSE:CDP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,931,765 shares of the company's stock, valued at approximately $52,679,000. Nuveen LLC owned about 1.71% of COPT Defense Properties as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Invesco Ltd. boosted its holdings in shares of COPT Defense Properties by 8.7% in the first quarter. Invesco Ltd. now owns 678,360 shares of the company's stock valued at $18,499,000 after acquiring an additional 54,333 shares during the period. Citigroup Inc. raised its position in COPT Defense Properties by 117.2% in the first quarter. Citigroup Inc. now owns 313,668 shares of the company's stock worth $8,554,000 after acquiring an additional 169,245 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of COPT Defense Properties by 3.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 77,069 shares of the company's stock valued at $2,102,000 after buying an additional 2,672 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of COPT Defense Properties in the first quarter valued at $74,000. Finally, Ontario Teachers Pension Plan Board increased its position in COPT Defense Properties by 881.4% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 113,307 shares of the company's stock worth $3,090,000 after purchasing an additional 101,762 shares in the last quarter.

COPT Defense Properties Stock Up 1.6%

Shares of COPT Defense Properties stock traded up $0.4310 on Tuesday, hitting $28.0210. 127,999 shares of the company's stock traded hands, compared to its average volume of 935,246. The stock has a market cap of $3.16 billion, a P/E ratio of 21.89 and a beta of 0.87. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.58. The firm's 50-day moving average is $28.08 and its 200 day moving average is $27.36. 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 released its earnings results on Monday, July 28th. The company reported $0.68 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 return on equity of 9.38% and a net margin of 19.23%.The business's revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business 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. Equities analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 30th. COPT Defense Properties's dividend payout ratio is currently 95.31%.

Analysts Set New Price Targets

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