Royal Bank of Canada Lowers Position in COPT Defense Properties $CDP

Royal Bank of Canada decreased its stake in shares of COPT Defense Properties (NYSE:CDP) by 17.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,298 shares of the company’s stock after selling 14,283 shares during the quarter. Royal Bank of Canada owned about 0.06% of COPT Defense Properties worth $2,029,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new stake in COPT Defense Properties in the 4th quarter valued at $27,000. EverSource Wealth Advisors LLC grew 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 purchasing an additional 1,553 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of COPT Defense Properties by 283.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,173 shares of the company’s stock valued at $88,000 after purchasing an additional 2,346 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of 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 purchasing an additional 1,192 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of COPT Defense Properties by 33.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,300 shares of the company’s stock worth $92,000 after purchasing an additional 827 shares during the last quarter.

Insider Transactions at COPT Defense Properties

In related news, Director Robert L. Denton sold 3,922 shares of the firm’s stock in a transaction on 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 sale, the director directly owned 3,803 shares in the company, valued at $123,141.14. This trade represents a 50.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of COPT Defense Properties in a research note on Friday, July 17th. Truist Financial lifted their price objective on COPT Defense Properties from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Monday, June 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $37.00 price objective on shares of COPT Defense Properties in a report on Thursday, June 25th. Citigroup increased their target price on COPT Defense Properties from $34.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of COPT Defense Properties from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, COPT Defense Properties currently has an average rating of “Moderate Buy” and a consensus target price of $36.25.

COPT Defense Properties Trading Down 0.3%

Shares of NYSE CDP opened at $36.84 on Tuesday. COPT Defense Properties has a 1-year low of $27.06 and a 1-year high of $38.90. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.89 and a quick ratio of 2.89. The business’s 50 day moving average is $36.40 and its two-hundred day moving average is $33.41. The stock has a market capitalization of $4.18 billion, a P/E ratio of 25.58 and a beta of 0.76.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.07. The business had revenue of $197.39 million during the quarter, compared to analyst estimates of $189.36 million. COPT Defense Properties had a return on equity of 10.48% and a net margin of 20.94%.During the same period last year, the company earned $0.34 EPS. COPT Defense Properties has set its FY 2026 guidance at 1.390-1.430 EPS and its Q3 2026 guidance at 0.370-0.390 EPS. As a group, research analysts expect that COPT Defense Properties will post 2.78 EPS for the current year.

COPT Defense Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.5%. The ex-dividend date is Wednesday, September 30th. COPT Defense Properties’s dividend payout ratio is presently 88.89%.

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.