Edgestream Partners L.P. Sells 76,544 Shares of COPT Defense Properties $CDP

Edgestream Partners L.P. reduced its stake in COPT Defense Properties (NYSE:CDP) by 36.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 134,924 shares of the company’s stock after selling 76,544 shares during the quarter. Edgestream Partners L.P.’s holdings in COPT Defense Properties were worth $3,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CDP. Nissay Asset Management Corp Japan ADV increased its position in COPT Defense Properties by 2.4% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 16,997 shares of the company’s stock worth $464,000 after buying an additional 397 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of COPT Defense Properties by 4.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 12,132 shares of the company’s stock valued at $335,000 after buying an additional 557 shares in the last quarter. GAMMA Investing LLC grew its stake 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 acquiring an additional 561 shares during the period. Exchange Traded Concepts LLC increased its holdings in COPT Defense Properties by 2.0% in the 2nd quarter. Exchange Traded Concepts LLC now owns 30,266 shares of the company’s stock worth $835,000 after acquiring an additional 580 shares in the last quarter. Finally, Quarry LP raised its stake in COPT Defense Properties by 102.0% during the 1st quarter. Quarry LP now owns 1,186 shares of the company’s stock worth $32,000 after acquiring an additional 599 shares during the period.

COPT Defense Properties Price Performance

Shares of NYSE:CDP opened at $29.86 on Thursday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 22.45 and a beta of 0.84. The firm has a fifty day moving average price of $28.90 and a 200 day moving average price of $28.60. COPT Defense Properties has a fifty-two week low of $23.92 and a fifty-two week high of $33.49.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. COPT Defense Properties had a net margin of 19.99% and a return on equity of 9.71%. The business had revenue of $188.80 million for the quarter, compared to analysts’ expectations of $187.63 million. During the same quarter in the previous year, the company earned $0.65 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. 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. As a group, sell-side analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

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

Analysts Set New Price Targets

CDP has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of COPT Defense Properties from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, September 17th. Wells Fargo & Company lifted their target price on shares of COPT Defense Properties from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. 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. New Street Research set a $33.00 price target on COPT Defense Properties in a report on Monday, October 13th. Finally, Evercore ISI lowered their price objective on COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, September 29th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, COPT Defense Properties presently has an average rating of “Moderate Buy” and an average target price of $33.67.

Insiders Place Their Bets

In other COPT Defense Properties news, Director Lisa G. Trimberger sold 4,896 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $30.72, for a total transaction of $150,405.12. Following the completion of the transaction, the director owned 20,287 shares in the company, valued at $623,216.64. This trade represents a 19.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.42% of the stock is owned by corporate 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.