Boothbay Fund Management LLC Acquires Shares of 234,379 COPT Defense Properties $CDP

Boothbay Fund Management LLC acquired a new position in COPT Defense Properties (NYSE:CDP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 234,379 shares of the company’s stock, valued at approximately $6,811,000. Boothbay Fund Management LLC owned approximately 0.21% of COPT Defense Properties at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Financial Consulate Inc. bought a new stake in shares of COPT Defense Properties during the 3rd quarter valued at about $39,000. EverSource Wealth Advisors LLC increased its position in shares of COPT Defense Properties by 1,176.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock valued at $46,000 after buying an additional 1,553 shares during the period. GAMMA Investing LLC raised its stake in COPT Defense Properties by 31.2% in the third quarter. GAMMA Investing LLC now owns 1,973 shares of the company’s stock worth $57,000 after buying an additional 469 shares in the last quarter. Osaic Holdings Inc. raised its stake in COPT Defense Properties by 59.6% in the second quarter. Osaic Holdings Inc. now owns 3,193 shares of the company’s stock worth $88,000 after buying an additional 1,192 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in COPT Defense Properties by 14.1% in the second quarter. PNC Financial Services Group Inc. now owns 4,988 shares of the company’s stock worth $138,000 after buying an additional 617 shares during the period.

Analyst Ratings Changes

CDP has been the topic of several research reports. Jefferies Financial Group lifted their price objective on COPT Defense Properties from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Wells Fargo & Company lifted their price target 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. Evercore reiterated an “outperform” rating on shares of COPT Defense Properties in a report on Friday, February 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of COPT Defense Properties in a research report on Wednesday, January 21st. Finally, Citigroup upped their target price on shares of COPT Defense Properties from $29.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $33.88.

COPT Defense Properties Stock Performance

COPT Defense Properties stock opened at $31.65 on Monday. COPT Defense Properties has a twelve month low of $23.92 and a twelve month high of $32.82. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $3.58 billion, a P/E ratio of 23.44 and a beta of 0.86. The stock’s 50 day moving average is $31.12 and its 200 day moving average is $29.81.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. COPT Defense Properties had a return on equity of 9.82% and a net margin of 19.94%.The business had revenue of $197.36 million during the quarter, compared to analysts’ expectations of $188.79 million. During the same quarter in the previous year, the business earned $0.65 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. 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. On average, equities research analysts predict that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.32 per share. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.28 annualized dividend and a yield of 4.0%. COPT Defense Properties’s payout ratio is currently 90.37%.

Insiders Place Their Bets

In other COPT Defense Properties news, Director Philip L. Hawkins sold 5,536 shares of COPT Defense Properties stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $32.71, for a total value of $181,082.56. Following the completion of the transaction, the director directly owned 15,188 shares of the company’s stock, valued at approximately $496,799.48. The trade was a 26.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.42% of the company’s stock.

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.