Bank of New York Mellon Corp Purchases 18,758 Shares of COPT Defense Properties $CDP

Bank of New York Mellon Corp lifted its position in shares of COPT Defense Properties (NYSE:CDP) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,317,391 shares of the company’s stock after acquiring an additional 18,758 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.16% of COPT Defense Properties worth $40,312,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CDP. Los Angeles Capital Management LLC bought a new stake in shares of COPT Defense Properties during the fourth quarter worth about $27,000. EverSource Wealth Advisors LLC raised its holdings in COPT Defense Properties by 1,176.5% in the 2nd 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 last quarter. Optima Capital LLC bought a new position in COPT Defense Properties in the 4th quarter valued at approximately $63,000. Caitong International Asset Management Co. Ltd raised its holdings in COPT Defense Properties by 283.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,173 shares of the company’s stock valued at $88,000 after buying an additional 2,346 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position 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 buying an additional 1,192 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CDP. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $37.00 price target on shares of COPT Defense Properties in a research note on Thursday, June 25th. Wells Fargo & Company boosted their price objective on shares of COPT Defense Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. JPMorgan Chase & Co. increased their price objective on COPT Defense Properties from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of COPT Defense Properties in a research report on Friday, July 17th. Finally, Evercore reaffirmed an “outperform” rating and set a $41.00 target price on shares of COPT Defense Properties in a report on Monday, July 6th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.38.

COPT Defense Properties Stock Up 1.5%

COPT Defense Properties stock opened at $38.03 on Friday. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 27.56 and a beta of 0.76. COPT Defense Properties has a 52-week low of $26.91 and a 52-week high of $38.16. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.85 and a current ratio of 2.85. The firm has a 50 day moving average price of $34.70 and a two-hundred day moving average price of $32.53.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.34). COPT Defense Properties had a net margin of 20.10% and a return on equity of 10.02%. The firm had revenue of $200.64 million during the quarter, compared to the consensus estimate of $185.10 million. During the same period in the prior year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. COPT Defense Properties has set its FY 2026 guidance at 2.730-2.790 EPS and its Q2 2026 guidance at 0.680-0.700 EPS. Equities analysts predict that COPT Defense Properties will post 2.78 EPS for the current year.

COPT Defense Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Tuesday, June 30th. COPT Defense Properties’s dividend payout ratio (DPR) is presently 92.75%.

Insiders Place Their Bets

In other news, Director Robert L. Denton sold 3,922 shares of COPT Defense Properties stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $32.38, for a total value of $126,994.36. Following the completion of the transaction, the director directly owned 3,803 shares of the company’s stock, valued at approximately $123,141.14. This trade represents a 50.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.66% 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.