Robert Denton Sells 3,922 Shares of COPT Defense Properties (NYSE:CDP) Stock

COPT Defense Properties (NYSE:CDP) Director Robert Denton sold 3,922 shares of the 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 sale, the director owned 3,803 shares of the company’s stock, valued at approximately $123,141.14. The trade was a 50.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

COPT Defense Properties Trading Up 0.5%

COPT Defense Properties stock traded up $0.17 during trading hours on Thursday, reaching $32.49. 651,869 shares of the company’s stock were exchanged, compared to its average volume of 1,110,241. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 1.63. The firm’s 50 day simple moving average is $31.72 and its 200 day simple moving average is $30.77. COPT Defense Properties has a twelve month low of $26.91 and a twelve month high of $33.33. The firm has a market capitalization of $3.68 billion, a PE ratio of 23.54 and a beta of 0.80.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.34). COPT Defense Properties had a return on equity of 10.02% and a net margin of 20.10%.The business had revenue of $200.64 million for the quarter, compared to analyst estimates of $185.10 million. During the same quarter in the previous year, the business posted $0.65 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. 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. Research analysts predict that COPT Defense Properties will post 2.78 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, June 30th. COPT Defense Properties’s dividend payout ratio (DPR) is presently 92.75%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CDP shares. 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, March 3rd. JPMorgan Chase & Co. raised their target price on COPT Defense Properties from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Evercore restated an “outperform” rating and issued a $38.00 target price on shares of COPT Defense Properties in a research note on Tuesday, April 28th. Citigroup raised their target price on COPT Defense Properties from $29.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $37.00 price target on shares of COPT Defense Properties in a research report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, COPT Defense Properties currently has an average rating of “Moderate Buy” and a consensus target price of $34.50.

Institutional Investors Weigh In On COPT Defense Properties

Hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC bought a new stake in shares of COPT Defense Properties in the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 worth $46,000 after purchasing an additional 1,553 shares during the period. Optima Capital LLC bought a new stake in shares of COPT Defense Properties in the 4th quarter worth approximately $63,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 worth $88,000 after purchasing an additional 2,346 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in shares of COPT Defense Properties by 59.6% in the 2nd quarter. Osaic Holdings Inc. now owns 3,193 shares of the company’s stock worth $88,000 after purchasing an additional 1,192 shares during the period.

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.