COPT Defense Properties $CDP Shares Purchased by Allworth Financial LP

Allworth Financial LP boosted its position in shares of COPT Defense Properties (NYSE:CDP) by 17,902.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,565 shares of the company’s stock after purchasing an additional 43,323 shares during the quarter. Allworth Financial LP’s holdings in COPT Defense Properties were worth $1,202,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CDP. Alliancebernstein L.P. boosted its position in shares of COPT Defense Properties by 9.4% in the 1st quarter. Alliancebernstein L.P. now owns 6,834,820 shares of the company’s stock worth $186,386,000 after buying an additional 586,966 shares in the last quarter. Westwood Holdings Group Inc. raised its position in COPT Defense Properties by 25.7% during the first quarter. Westwood Holdings Group Inc. now owns 3,627,108 shares of the company’s stock worth $98,911,000 after acquiring an additional 741,765 shares during the last quarter. Nuveen LLC acquired a new position in COPT Defense Properties during the first quarter worth about $52,679,000. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of COPT Defense Properties by 21.2% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,403,647 shares of the company’s stock valued at $38,277,000 after purchasing an additional 245,440 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of COPT Defense Properties by 21.6% in the second quarter. Bank of New York Mellon Corp now owns 1,382,445 shares of the company’s stock valued at $38,128,000 after purchasing an additional 245,433 shares in the last quarter.

COPT Defense Properties Stock Up 0.3%

CDP opened at $28.93 on Friday. COPT Defense Properties has a 12 month low of $23.92 and a 12 month high of $33.49. The business has a 50-day moving average of $28.98 and a two-hundred day moving average of $28.27. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 22.60 and a beta of 0.93.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The business had revenue of $188.80 million for the quarter, compared to analyst estimates of $187.63 million. During the same period in the prior year, the firm posted $0.65 EPS. The company’s revenue was down .2% on a year-over-year basis. 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, research analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders 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 4.2%. COPT Defense Properties’s dividend payout ratio (DPR) is currently 91.73%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CDP. 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 research note on Wednesday, September 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of COPT Defense Properties in a report on Wednesday, October 8th. New Street Research set a $33.00 price target on COPT Defense Properties in a research report on Monday, October 13th. Jefferies Financial Group upped their price objective on COPT Defense Properties from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Evercore ISI decreased their price objective 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. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.75.

Insider Buying and Selling at COPT Defense Properties

In other news, Director Lisa G. Trimberger sold 4,896 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $30.72, for a total transaction of $150,405.12. Following the completion of the sale, the director directly owned 20,287 shares of the company’s stock, valued at $623,216.64. The trade was a 19.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is currently owned by company insiders.

COPT Defense Properties Company 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.