Edgestream Partners L.P. Reduces Stake in COPT Defense Properties $CDP

Edgestream Partners L.P. lessened its stake in shares of COPT Defense Properties (NYSE:CDP) by 36.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,924 shares of the company’s stock after selling 76,544 shares during the quarter. Edgestream Partners L.P. owned about 0.12% of COPT Defense Properties worth $3,721,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP boosted its holdings in COPT Defense Properties by 102.0% in the 1st quarter. Quarry LP now owns 1,186 shares of the company’s stock valued at $32,000 after purchasing an additional 599 shares during the period. GAMMA Investing LLC grew its holdings in shares of COPT Defense Properties by 59.5% during the 2nd 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 stake in shares of 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 buying an additional 2,077 shares during the last quarter. Headlands Technologies LLC purchased a new position in COPT Defense Properties in the 1st quarter worth approximately $74,000. Finally, Hantz Financial Services Inc. raised its holdings in COPT Defense Properties by 810.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,415 shares of the company’s stock valued at $94,000 after buying an additional 3,040 shares during the last quarter.

COPT Defense Properties Stock Down 1.4%

Shares of COPT Defense Properties stock opened at $29.86 on Thursday. The company’s 50 day moving average is $28.90 and its 200 day moving average is $28.60. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 22.45 and a beta of 0.84. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.57. COPT Defense Properties has a twelve month low of $23.92 and a twelve month high of $33.49.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $188.80 million during the quarter, compared to analyst estimates of $187.63 million. COPT Defense Properties had a return on equity of 9.71% and a net margin of 19.99%.COPT Defense Properties’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. COPT Defense Properties has set its FY 2025 guidance at 2.690-2.710 EPS and its Q4 2025 guidance at 0.670-0.690 EPS. Research analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.22 annualized dividend and a dividend yield of 4.1%. COPT Defense Properties’s dividend payout ratio is presently 91.73%.

Wall Street Analysts Forecast Growth

CDP has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of COPT Defense Properties from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. Cantor Fitzgerald started coverage on COPT Defense Properties in a report on Wednesday, October 1st. They set an “overweight” rating and a $35.00 price target on the stock. Jefferies Financial Group increased their price objective on COPT Defense Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Evercore ISI reduced their target price on COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. Finally, New Street Research set a $33.00 price target on COPT Defense Properties in a research note on Monday, October 13th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.67.

Insider Activity at COPT Defense Properties

In other news, Director Lisa G. Trimberger sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $30.52, for a total value of $91,560.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.42% of the stock is owned by insiders.

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.