Wedge Capital Management L L P NC Trims Stock Holdings in COPT Defense Properties $CDP

Wedge Capital Management L L P NC reduced its stake in COPT Defense Properties (NYSE:CDP) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,800 shares of the company’s stock after selling 4,507 shares during the quarter. Wedge Capital Management L L P NC’s holdings in COPT Defense Properties were worth $2,890,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CDP. UMB Bank n.a. increased its stake in COPT Defense Properties by 321.7% in the first quarter. UMB Bank n.a. now owns 1,071 shares of the company’s stock valued at $29,000 after purchasing an additional 817 shares during the last quarter. Quarry LP increased its stake in COPT Defense Properties by 102.0% during the first quarter. Quarry LP now owns 1,186 shares of the company’s stock worth $32,000 after acquiring an additional 599 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in COPT Defense Properties during the fourth quarter worth about $63,000. Brooklyn Investment Group increased its stake 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 worth $57,000 after acquiring an additional 2,077 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of COPT Defense Properties in the first quarter valued at about $74,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CDP shares. JPMorgan Chase & Co. increased their target price on COPT Defense Properties from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, September 17th. Evercore ISI increased their target price on COPT Defense Properties from $34.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, COPT Defense Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.50.

COPT Defense Properties Stock Down 1.8%

Shares of CDP stock opened at $30.37 on Monday. COPT Defense Properties has a 1 year low of $23.92 and a 1 year high of $34.22. The stock has a market cap of $3.43 billion, a PE ratio of 23.73 and a beta of 0.93. The business’s fifty day moving average is $28.71 and its 200-day moving average is $27.70. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.96 and a current ratio of 2.96.

COPT Defense Properties (NYSE:CDP) last released 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. The business had revenue of $175.60 million during the quarter, compared to analyst estimates of $186.55 million. COPT Defense Properties had a return on equity of 9.38% and a net margin of 19.23%.The company’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.64 EPS. 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 analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.305 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.22 annualized dividend and a dividend yield of 4.0%. COPT Defense Properties’s dividend payout ratio (DPR) is currently 95.31%.

Insider Buying and Selling at COPT Defense Properties

In other news, Director Lisa G. Trimberger sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $30.52, for a total transaction of $91,560.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.42% of the stock is currently owned by corporate insiders.

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.