30,537 Shares in COPT Defense Properties $CDP Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. bought a new stake in shares of COPT Defense Properties (NYSE:CDP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,537 shares of the company’s stock, valued at approximately $887,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP increased its position in shares of 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 buying an additional 599 shares during the period. GAMMA Investing LLC boosted its position in COPT Defense Properties by 59.5% during the second quarter. GAMMA Investing LLC now owns 1,504 shares of the company’s stock valued at $41,000 after acquiring an additional 561 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in COPT Defense Properties by 1,176.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock worth $46,000 after acquiring an additional 1,553 shares during the period. Osaic Holdings Inc. grew its holdings in COPT Defense Properties by 59.6% during the 2nd quarter. Osaic Holdings Inc. now owns 3,193 shares of the company’s stock worth $88,000 after acquiring an additional 1,192 shares during the period. Finally, Hantz Financial Services Inc. raised its position in shares of COPT Defense Properties by 810.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,415 shares of the company’s stock worth $94,000 after acquiring an additional 3,040 shares in the last quarter.

Analyst Upgrades and Downgrades

CDP has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on COPT Defense Properties from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. New Street Research set a $33.00 price target on COPT Defense Properties in a report on Monday, October 13th. Evercore ISI lowered their price objective on shares of COPT Defense Properties from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Monday, December 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. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of COPT Defense Properties in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, COPT Defense Properties has an average rating of “Moderate Buy” and a consensus target price of $33.14.

COPT Defense Properties Price Performance

Shares of CDP opened at $27.48 on Friday. The business’s fifty day moving average is $29.00 and its 200 day moving average is $28.74. COPT Defense Properties has a 12-month low of $23.92 and a 12-month high of $31.24. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.57. The stock has a market cap of $3.11 billion, a P/E ratio of 20.66 and a beta of 0.84.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.69 EPS for the quarter, beating 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 business had revenue of $188.80 million during the quarter, compared to analyst estimates of $187.63 million. During the same quarter in the previous year, the business posted $0.65 EPS. COPT Defense Properties’s quarterly 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 and its Q4 2025 guidance at 0.670-0.690 EPS. Sell-side analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Wednesday, December 31st. COPT Defense Properties’s dividend payout ratio is currently 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.