Vanguard Group Inc. Lowers Position in COPT Defense Properties $CDP

Key Points

• Vanguard Group Inc. has reduced its stake in COPT Defense Properties by 0.8%, selling 128,412 shares and now owning approximately 15.02% of the company.
• Wells Fargo & Company cut its target price for COPT Defense Properties from $36.00 to $30.00, while maintaining an "overweight" rating on the stock.
• COPT Defense Properties will pay a quarterly dividend of $0.305 per share on October 16th, reflecting a 4.4% dividend yield.

Vanguard Group Inc. lowered its stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,951,358 shares of the company's stock after selling 128,412 shares during the quarter. Vanguard Group Inc. owned approximately 15.02% of COPT Defense Properties worth $462,264,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. grew its position in COPT Defense Properties by 25.7% during the first quarter. Westwood Holdings Group Inc. now owns 3,627,108 shares of the company's stock valued at $98,911,000 after buying an additional 741,765 shares during the period. New Age Alpha Advisors LLC grew its position in COPT Defense Properties by 31.6% during the first quarter. New Age Alpha Advisors LLC now owns 46,684 shares of the company's stock valued at $1,273,000 after buying an additional 11,216 shares during the period. PNC Financial Services Group Inc. grew its position in 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 valued at $119,000 after buying an additional 964 shares during the period. Jupiter Asset Management Ltd. bought a new position in COPT Defense Properties during the first quarter valued at about $19,737,000. Finally, US Bancorp DE grew its position in COPT Defense Properties by 114.0% during the first 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 during the period.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lowered their target price on COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $33.17.

COPT Defense Properties Stock Performance

Shares of NYSE CDP traded down $0.0060 during trading on Wednesday, reaching $28.0840. 1,225,020 shares of the stock traded hands, compared to its average volume of 766,293. COPT Defense Properties has a 52-week low of $23.92 and a 52-week 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 company has a 50-day moving average of $28.06 and a 200-day moving average of $27.37. The stock has a market capitalization of $3.17 billion, a P/E ratio of 21.94 and a beta of 0.87.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. COPT Defense Properties had a return on equity of 9.38% and a net margin of 19.23%.The business had revenue of $175.60 million during the quarter, compared to the consensus estimate of $186.55 million. During the same quarter last year, the company earned $0.64 EPS. The firm's revenue 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. Analysts forecast that COPT Defense Properties will post 2.67 EPS 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. 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 4.3%. The ex-dividend date of this dividend is Tuesday, September 30th. COPT Defense Properties's dividend payout ratio is 95.31%.

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.