Fifth Third Bancorp Lowers Holdings in COPT Defense Properties $CDP

Fifth Third Bancorp trimmed its holdings in COPT Defense Properties (NYSE:CDP) by 2.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,706 shares of the company’s stock after selling 989 shares during the quarter. Fifth Third Bancorp’s holdings in COPT Defense Properties were worth $902,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings 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 boosted its holdings in COPT Defense Properties by 102.0% in the first 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 last quarter. GAMMA Investing LLC boosted 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 worth $41,000 after acquiring an additional 561 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of COPT Defense Properties by 9,030.4% during the 1st quarter. Brooklyn Investment Group now owns 2,100 shares of the company’s stock worth $57,000 after acquiring an additional 2,077 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of COPT Defense Properties during the 1st quarter worth about $74,000.

Insider Buying and Selling 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.42% of the stock is currently owned by company insiders.

COPT Defense Properties Stock Down 0.0%

CDP opened at $29.27 on Monday. 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 company has a 50-day moving average price of $28.87 and a 200 day moving average price of $27.79. The company has a market cap of $3.30 billion, a PE ratio of 22.86 and a beta of 0.93.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data on Monday, July 28th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The company had revenue of $175.60 million during the quarter, compared to the consensus estimate of $186.55 million. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. COPT Defense Properties’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. 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, October 16th. Stockholders of record on Tuesday, September 30th will be paid a $0.305 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.22 annualized dividend and a dividend yield of 4.2%. COPT Defense Properties’s dividend payout ratio is 95.31%.

Wall Street Analysts Forecast Growth

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

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.