Woodline Partners LP Purchases 412,857 Shares of COPT Defense Properties $CDP

Key Points

• Woodline Partners LP significantly increased its stake in COPT Defense Properties by 130.6%, now owning approximately 729,014 shares worth $19.88 million.
• Wells Fargo lowered its price target on COPT Defense Properties from $36.00 to $30.00, while the stock maintains an average rating of "Moderate Buy."
• The company announced a quarterly dividend of $0.305 per share, resulting in an annualized yield of 4.0% and a high payout ratio of 95.31%.

Woodline Partners LP raised its stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 130.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 729,014 shares of the company's stock after acquiring an additional 412,857 shares during the period. Woodline Partners LP owned approximately 0.65% of COPT Defense Properties worth $19,880,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Caxton Associates LLP bought a new position in COPT Defense Properties during the 1st quarter valued at about $1,517,000. Presima Securities ULC lifted its stake in COPT Defense Properties by 1.5% during the 1st quarter. Presima Securities ULC now owns 61,316 shares of the company's stock valued at $1,672,000 after acquiring an additional 906 shares during the period. Nissay Asset Management Corp Japan ADV lifted its stake in COPT Defense Properties by 2.4% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 16,997 shares of the company's stock valued at $464,000 after acquiring an additional 397 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in COPT Defense Properties by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,030 shares of the company's stock valued at $1,828,000 after acquiring an additional 2,931 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in COPT Defense Properties by 9.4% during the 1st quarter. Alliancebernstein L.P. now owns 6,834,820 shares of the company's stock valued at $186,386,000 after acquiring an additional 586,966 shares during the period.

Analyst Ratings Changes

Separately, Wells Fargo & Company lowered 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 research note on Monday, May 19th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $33.60.

COPT Defense Properties Price Performance

Shares of NYSE:CDP opened at $30.54 on Thursday. The firm's 50 day moving average price is $28.39 and its 200-day moving average price is $27.51. COPT Defense Properties has a twelve month low of $23.92 and a twelve month high of $34.22. 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 stock has a market capitalization of $3.45 billion, a PE ratio of 23.86 and a beta of 0.93.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $186.55 million. During the same quarter in the prior year, the business earned $0.64 EPS. The business's quarterly revenue was up 1.4% on a year-over-year basis. 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 research analysts expect that COPT Defense Properties will post 2.67 EPS for the current 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 $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 30th. COPT Defense Properties's dividend payout ratio is currently 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.

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