Creative Planning Takes $553,000 Position in COPT Defense Properties $CDP

Creative Planning bought a new position in shares of COPT Defense Properties (NYSE:CDP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 20,044 shares of the company’s stock, valued at approximately $553,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP boosted its position in COPT Defense Properties by 102.0% during the first quarter. Quarry LP now owns 1,186 shares of the company’s stock valued at $32,000 after acquiring an additional 599 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of COPT Defense Properties by 59.5% in 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 period. Brooklyn Investment Group boosted its position 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 valued at $57,000 after purchasing an additional 2,077 shares in the last quarter. Headlands Technologies LLC acquired a new stake in COPT Defense Properties during the first quarter worth approximately $74,000. Finally, Hantz Financial Services Inc. grew its stake in COPT Defense Properties by 810.7% during the second quarter. Hantz Financial Services Inc. now owns 3,415 shares of the company’s stock worth $94,000 after purchasing an additional 3,040 shares during the period.

Analyst Upgrades and Downgrades

CDP has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of COPT Defense Properties in a research report on Wednesday, October 8th. Wells Fargo & Company increased their target price on shares of COPT Defense Properties from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. Cantor Fitzgerald initiated coverage on shares of COPT Defense Properties in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $35.00 price target for the company. Finally, New Street Research set a $33.00 price objective on shares of COPT Defense Properties in a report on Monday, October 13th. Five equities research analysts have rated the stock with a Buy rating and one has 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 price target of $33.67.

COPT Defense Properties Stock Performance

NYSE CDP opened at $29.54 on Friday. The company has a market cap of $3.34 billion, a P/E ratio of 22.21 and a beta of 0.84. The company has a fifty day simple moving average of $28.91 and a 200 day simple moving average of $28.61. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.57. COPT Defense Properties has a 12-month low of $23.92 and a 12-month high of $33.49.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $188.80 million for the quarter, compared to analyst estimates of $187.63 million. COPT Defense Properties had a net margin of 19.99% and a return on equity of 9.71%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the firm earned $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. Sell-side analysts predict that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

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 is Wednesday, December 31st. This represents a $1.22 dividend on an annualized basis and a yield of 4.1%. COPT Defense Properties’s payout ratio is 91.73%.

Insider Buying and Selling

In other news, Director Lisa G. Trimberger sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $30.52, for a total value of $91,560.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.42% of the company’s stock.

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.