Fort Washington Investment Advisors Inc. OH Has $29.10 Million Stock Position in COPT Defense Properties $CDP

Fort Washington Investment Advisors Inc. OH boosted its holdings in COPT Defense Properties (NYSE:CDP) by 38.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,001,514 shares of the company’s stock after buying an additional 279,790 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.89% of COPT Defense Properties worth $29,104,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its holdings in shares of COPT Defense Properties by 5.9% in the second quarter. Alliancebernstein L.P. now owns 7,241,437 shares of the company’s stock worth $199,719,000 after acquiring an additional 406,617 shares during the last quarter. Geode Capital Management LLC increased its position in COPT Defense Properties by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 3,101,692 shares of the company’s stock worth $85,553,000 after purchasing an additional 45,375 shares in the last quarter. Bank of America Corp DE lifted its stake in COPT Defense Properties by 5.4% in the 2nd quarter. Bank of America Corp DE now owns 2,577,065 shares of the company’s stock valued at $71,075,000 after purchasing an additional 131,287 shares during the last quarter. Sei Investments Co. boosted its position in COPT Defense Properties by 2.5% in the second quarter. Sei Investments Co. now owns 2,194,240 shares of the company’s stock valued at $60,517,000 after buying an additional 52,981 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in COPT Defense Properties by 60.0% in the second quarter. AQR Capital Management LLC now owns 1,472,046 shares of the company’s stock valued at $40,393,000 after buying an additional 551,863 shares in the last quarter.

Analysts Set New Price Targets

CDP has been the subject of a number of research reports. New Street Research set a $33.00 price target on COPT Defense Properties in a research note on Monday, October 13th. Wells Fargo & Company increased their target price on COPT Defense Properties from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. Cantor Fitzgerald began coverage on COPT Defense Properties in a report on Wednesday, October 1st. They set an “overweight” rating and a $35.00 price target on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of COPT Defense Properties in a report on Wednesday, October 8th. Finally, Evercore ISI reduced their target price on shares of COPT Defense Properties from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, COPT Defense Properties currently has an average rating of “Moderate Buy” and a consensus price target of $33.14.

COPT Defense Properties Price Performance

Shares of CDP opened at $28.31 on Wednesday. The business has a 50-day moving average of $29.03 and a 200-day moving average of $28.76. COPT Defense Properties has a 1 year low of $23.92 and a 1 year high of $31.24. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 21.28 and a beta of 0.84. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.34 and a quick ratio of 2.34.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $188.80 million for the quarter, compared to the consensus estimate of $187.63 million. During the same quarter in the previous year, the company earned $0.65 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. 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, equities research analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given 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 4.3%. COPT Defense Properties’s dividend payout ratio is 91.73%.

About COPT Defense Properties

COPT Defense Properties (NYSE: CDP) is a real estate investment trust organized to own, lease and manage healthcare and life science facilities serving the United States federal government, with a particular focus on Department of Defense and Veterans Affairs tenants. The company was formed in 2016 through a spin-off from Corporate Office Properties Trust, enabling it to concentrate exclusively on medical office buildings and specialized research facilities situated on or near military and federal research campuses.

The company’s portfolio comprises purpose-built, Class A medical office and outpatient specialty clinics, as well as life science laboratories.