Russell Investments Group Ltd. Sells 141,460 Shares of COPT Defense Properties $CDP

Key Points

• Russell Investments Group Ltd. has significantly reduced its stake in COPT Defense Properties by 54.4%, now owning about 0.11% of the company worth approximately $3.2 million.
• COPT Defense Properties announced a quarterly dividend of $0.305 per share, which will be paid on October 16, resulting in a 4.2% dividend yield.
• The company reported $0.68 EPS in its last earnings report, exceeding analyst estimates, although its revenue fell short of expectations at $175.60 million.

Russell Investments Group Ltd. decreased its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 54.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 118,716 shares of the company's stock after selling 141,460 shares during the period. Russell Investments Group Ltd. owned approximately 0.11% of COPT Defense Properties worth $3,237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. raised its position in shares of COPT Defense Properties by 321.7% during the 1st quarter. UMB Bank n.a. now owns 1,071 shares of the company's stock valued at $29,000 after acquiring an additional 817 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of COPT Defense Properties in the 4th quarter valued at $63,000. Headlands Technologies LLC bought a new stake in shares of COPT Defense Properties in the 1st quarter valued at $74,000. US Bancorp DE increased its position in shares of COPT Defense Properties by 114.0% in the 1st quarter. US Bancorp DE now owns 3,770 shares of the company's stock valued at $103,000 after buying an additional 2,008 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of COPT Defense Properties by 28.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,371 shares of the company's stock valued at $119,000 after buying an additional 964 shares in the last quarter.

COPT Defense Properties Stock Down 0.3%

NYSE CDP traded down $0.10 on Friday, reaching $28.77. The company had a trading volume of 1,069,989 shares, compared to its average volume of 842,048. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 22.47 and a beta of 0.87. 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 1-year low of $23.92 and a 1-year high of $34.22. The company's fifty day moving average is $28.08 and its 200-day moving average is $27.35.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.68 earnings per share for the quarter, topping 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 firm had revenue of $175.60 million during the quarter, compared to analyst estimates of $186.55 million. During the same period in the prior year, the business earned $0.64 EPS. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. 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 forecast that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company 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. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 30th. COPT Defense Properties's dividend payout ratio is presently 95.31%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lowered 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 research report on Monday, May 19th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, COPT Defense Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.17.

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.