Raymond James Financial Inc. Sells 8,857 Shares of COPT Defense Properties $CDP

Key Points

• Raymond James Financial Inc. reduced its position in COPT Defense Properties by 1.7%, selling 8,857 shares, leaving it with 510,147 shares valued at approximately $13.91 million.
• The company recently announced a quarterly dividend of $0.305 per share, set to be paid on October 16th, which results in an annualized dividend yield of 4.2%.
• Analysts have a consensus rating of "Moderate Buy" for COPT Defense Properties, with an average price target revised to $33.17.

Raymond James Financial Inc. cut its position in COPT Defense Properties (NYSE:CDP - Free Report) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 510,147 shares of the company's stock after selling 8,857 shares during the quarter. Raymond James Financial Inc. owned 0.45% of COPT Defense Properties worth $13,912,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CDP. UMB Bank n.a. raised its position in shares of COPT Defense Properties by 321.7% during the first 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. GF Fund Management CO. LTD. bought a new position in shares of COPT Defense Properties during the fourth quarter worth about $63,000. Headlands Technologies LLC bought a new position in shares of COPT Defense Properties during the first quarter worth about $74,000. US Bancorp DE raised its position in shares of COPT Defense Properties by 114.0% during the first 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. Finally, PNC Financial Services Group Inc. raised its position in shares of COPT Defense Properties by 28.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,371 shares of the company's stock worth $119,000 after acquiring an additional 964 shares during the last quarter.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lowered 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 research 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 has a consensus rating of "Moderate Buy" and a consensus target price of $33.17.

COPT Defense Properties Stock Up 1.1%

Shares of CDP stock traded up $0.33 during trading hours on Tuesday, reaching $29.11. The company had a trading volume of 574,539 shares, compared to its average volume of 942,926. COPT Defense Properties has a 12 month low of $23.92 and a 12 month high of $34.22. 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 business has a fifty day simple moving average of $28.08 and a 200-day simple moving average of $27.36. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 22.74 and a beta of 0.93.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.01. The business had revenue of $175.60 million for the quarter, compared to analyst estimates of $186.55 million. COPT Defense Properties had a return on equity of 9.38% and a net margin of 19.23%.COPT Defense Properties's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company 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 expect that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

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