Greenland Capital Management LP Acquires New Shares in COPT Defense Properties $CDP

Greenland Capital Management LP acquired a new position in COPT Defense Properties (NYSE:CDP) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 125,870 shares of the company’s stock, valued at approximately $3,658,000.

Several other institutional investors also recently bought and sold shares of the stock. Nordea Investment Management AB boosted its stake in shares of COPT Defense Properties by 4.6% during the 3rd quarter. Nordea Investment Management AB now owns 393,117 shares of the company’s stock worth $11,361,000 after acquiring an additional 17,418 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of COPT Defense Properties by 31.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 461,797 shares of the company’s stock valued at $13,420,000 after acquiring an additional 111,696 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in COPT Defense Properties in the 3rd quarter worth approximately $1,203,000. Channing Capital Management LLC boosted its position in COPT Defense Properties by 21.0% during the third quarter. Channing Capital Management LLC now owns 2,913,596 shares of the company’s stock worth $84,669,000 after purchasing an additional 506,593 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in COPT Defense Properties by 38.8% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,001,514 shares of the company’s stock worth $29,104,000 after purchasing an additional 279,790 shares during the period.

COPT Defense Properties Trading Up 0.6%

Shares of COPT Defense Properties stock opened at $32.63 on Tuesday. COPT Defense Properties has a 1 year low of $23.92 and a 1 year high of $32.78. The company’s fifty day simple moving average is $30.06 and its 200-day simple moving average is $29.42. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 24.17 and a beta of 0.86. The company has a current ratio of 3.95, a quick ratio of 2.34 and a debt-to-equity ratio of 1.77.

COPT Defense Properties (NYSE:CDP) last released its earnings results on Thursday, February 5th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. COPT Defense Properties had a net margin of 19.94% and a return on equity of 9.82%. The firm had revenue of $197.36 million during the quarter, compared to analysts’ expectations of $188.79 million. During the same period in the prior year, the company earned $0.65 EPS. The business’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. As a group, sell-side analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.32 per share. This is an increase from COPT Defense Properties’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, March 31st. COPT Defense Properties’s dividend payout ratio (DPR) is currently 90.37%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CDP shares. Weiss Ratings reissued a “buy (b-)” rating on shares of COPT Defense Properties in a research report on Wednesday, January 21st. Wells Fargo & Company raised their target price on shares of COPT Defense Properties from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. Cantor Fitzgerald lifted their target price on shares of COPT Defense Properties from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Evercore reissued an “outperform” rating on shares of COPT Defense Properties in a research report on Friday, February 6th. Finally, Truist Financial upped their price target on shares of COPT Defense Properties from $30.00 to $31.00 and gave the company a “hold” rating in a report on Monday, December 15th. 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.63.

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.