COPT Defense Properties $CDP Shares Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management increased its stake in COPT Defense Properties (NYSE:CDP) by 83,723.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,853 shares of the company’s stock after buying an additional 31,815 shares during the quarter. Picton Mahoney Asset Management’s holdings in COPT Defense Properties were worth $924,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

CDP has been the subject of several recent analyst reports. Truist Financial raised their target price on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of COPT Defense Properties in a report on Wednesday, January 21st. Cantor Fitzgerald raised their price objective on COPT Defense Properties from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Jefferies Financial Group lifted their price objective on COPT Defense Properties from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Finally, Evercore reaffirmed an “outperform” rating on shares of COPT Defense Properties in a research report on Friday, February 6th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.88.

COPT Defense Properties Stock Performance

Shares of CDP opened at $32.10 on Friday. The stock has a market capitalization of $3.63 billion, a PE ratio of 23.78 and a beta of 0.86. The business’s fifty day moving average price is $30.71 and its 200 day moving average price is $29.67. The company has a debt-to-equity ratio of 1.77, a current ratio of 3.95 and a quick ratio of 3.95. COPT Defense Properties has a 12-month low of $23.92 and a 12-month high of $32.82.

COPT Defense Properties (NYSE:CDP) last issued its earnings results on Thursday, February 5th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $197.36 million for the quarter, compared to analysts’ expectations of $188.79 million. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s 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. Equities research analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.32 dividend. The ex-dividend date is Tuesday, March 31st. 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 yield of 4.0%. COPT Defense Properties’s payout ratio is presently 90.37%.

Insider Activity at COPT Defense Properties

In other news, Director Philip L. Hawkins sold 5,536 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $32.71, for a total transaction of $181,082.56. Following the sale, the director directly owned 15,188 shares in the company, valued at approximately $496,799.48. This represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.42% of the company’s stock.

COPT Defense Properties Company 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.