JPMorgan Chase & Co. Boosts Stock Holdings in COPT Defense Properties $CDP

JPMorgan Chase & Co. grew its stake in shares of COPT Defense Properties (NYSE:CDP) by 7.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,566,073 shares of the company’s stock after buying an additional 253,558 shares during the quarter. JPMorgan Chase & Co. owned 3.15% of COPT Defense Properties worth $103,630,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank purchased a new position in COPT Defense Properties in the 2nd quarter worth approximately $39,371,000. AQR Capital Management LLC grew its holdings in shares of 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 worth $40,393,000 after purchasing an additional 551,863 shares during the last quarter. Alliancebernstein L.P. increased its stake 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 buying an additional 406,617 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in COPT Defense Properties by 38.8% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,001,514 shares of the company’s stock valued at $29,104,000 after buying an additional 279,790 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in COPT Defense Properties by 21.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,382,445 shares of the company’s stock valued at $38,128,000 after buying an additional 245,433 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup boosted their price objective on shares of COPT Defense Properties from $29.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Cantor Fitzgerald boosted their price target on COPT Defense Properties from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Evercore reiterated an “outperform” rating on shares of COPT Defense Properties in a report on Friday, February 6th. Truist Financial boosted their target price on COPT Defense Properties from $30.00 to $31.00 and gave the company a “hold” rating in a research note on Monday, December 15th. Finally, Jefferies Financial Group raised their price target on COPT Defense Properties from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $33.63.

COPT Defense Properties Stock Up 2.2%

CDP stock opened at $32.44 on Monday. COPT Defense Properties has a fifty-two week low of $23.92 and a fifty-two week high of $32.78. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 24.03 and a beta of 0.86. The business’s 50 day moving average price is $30.00 and its two-hundred day moving average price is $29.39. The company has a debt-to-equity ratio of 1.77, a quick ratio of 2.34 and a current ratio of 3.95.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. The company had revenue of $197.36 million for the quarter, compared to analyst estimates of $188.79 million. COPT Defense Properties had a return on equity of 9.82% and a net margin of 19.94%.The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. COPT Defense Properties has set its FY 2026 guidance at 2.710-2.790 EPS and its Q1 2026 guidance at 0.670-0.690 EPS. As a group, analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, March 31st. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.31. COPT Defense Properties’s dividend payout ratio (DPR) is 90.37%.

COPT Defense Properties Profile

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.