AlphaQuest LLC Cuts Stake in COPT Defense Properties $CDP

AlphaQuest LLC lowered its stake in shares of COPT Defense Properties (NYSE:CDP) by 94.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,017 shares of the company’s stock after selling 80,015 shares during the quarter. AlphaQuest LLC’s holdings in COPT Defense Properties were worth $138,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CDP. Quarry LP grew its position in shares of COPT Defense Properties by 102.0% during the 1st quarter. Quarry LP now owns 1,186 shares of the company’s stock valued at $32,000 after acquiring an additional 599 shares during the period. GAMMA Investing LLC lifted its stake in COPT Defense Properties by 59.5% in the second quarter. GAMMA Investing LLC now owns 1,504 shares of the company’s stock valued at $41,000 after purchasing an additional 561 shares during the last quarter. Brooklyn Investment Group grew its holdings in COPT Defense Properties by 9,030.4% during the first quarter. Brooklyn Investment Group now owns 2,100 shares of the company’s stock valued at $57,000 after purchasing an additional 2,077 shares during the period. Headlands Technologies LLC purchased a new stake in COPT Defense Properties in the first quarter worth $74,000. Finally, US Bancorp DE raised its stake in shares of COPT Defense Properties by 114.0% in 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.

Insider Activity at COPT Defense Properties

In other news, Director Lisa G. Trimberger sold 4,896 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $30.72, for a total value of $150,405.12. Following the transaction, the director owned 20,287 shares of the company’s stock, valued at approximately $623,216.64. This represents a 19.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.42% of the stock is owned by company insiders.

COPT Defense Properties Stock Up 0.7%

CDP stock opened at $28.56 on Wednesday. The stock has a 50-day simple moving average of $29.05 and a two-hundred day simple moving average of $28.15. COPT Defense Properties has a twelve month low of $23.92 and a twelve month high of $34.22. The firm has a market capitalization of $3.22 billion, a PE ratio of 22.31 and a beta of 0.94. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.58.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $178.27 million for the quarter, compared to the consensus estimate of $187.63 million. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. COPT Defense Properties has set its FY 2025 guidance at 2.690-2.710 EPS. Q4 2025 guidance at 0.670-0.690 EPS. On average, equities analysts predict that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th were issued a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, September 30th. COPT Defense Properties’s dividend payout ratio (DPR) is presently 91.73%.

Analyst Ratings Changes

Several research analysts have recently weighed in on CDP shares. Jefferies Financial Group increased their price target on COPT Defense Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of COPT Defense Properties in a report on Wednesday, October 8th. Evercore ISI reduced their target price on shares of COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. New Street Research set a $33.00 price target on shares of COPT Defense Properties in a research report on Monday, October 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of COPT Defense Properties from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, COPT Defense Properties currently has an average rating of “Moderate Buy” and a consensus target price of $33.75.

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.