COPT Defense Properties $CDP Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lessened its stake in shares of COPT Defense Properties (NYSE:CDP) by 8.2% in the 4th quarter, Holdings Channel reports. The firm owned 289,180 shares of the company’s stock after selling 25,753 shares during the period. Clearbridge Investments LLC’s holdings in COPT Defense Properties were worth $8,039,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CDP. Norges Bank acquired a new position in shares of COPT Defense Properties during the 4th quarter worth about $39,685,000. Alliancebernstein L.P. raised its position in shares of COPT Defense Properties by 16.8% during the 3rd quarter. Alliancebernstein L.P. now owns 8,457,373 shares of the company’s stock worth $245,771,000 after purchasing an additional 1,215,936 shares during the last quarter. GRS Advisors LLC acquired a new position in shares of COPT Defense Properties during the 3rd quarter worth about $28,399,000. Two Sigma Investments LP raised its position in shares of COPT Defense Properties by 289.9% during the 3rd quarter. Two Sigma Investments LP now owns 900,047 shares of the company’s stock worth $26,155,000 after purchasing an additional 669,181 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of COPT Defense Properties by 323.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 791,867 shares of the company’s stock worth $23,013,000 after purchasing an additional 604,670 shares during the last quarter.

Insider Transactions at COPT Defense Properties

In other COPT Defense Properties 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 transaction of $126,994.36. Following the completion of the sale, the director owned 3,803 shares of the company’s stock, valued at $123,141.14. This trade represents a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.66% of the stock is currently owned by company insiders.

COPT Defense Properties Stock Performance

NYSE:CDP opened at $34.27 on Thursday. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.85 and a quick ratio of 2.85. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 24.83 and a beta of 0.79. The company’s 50-day moving average is $31.95 and its two-hundred day moving average is $31.01. COPT Defense Properties has a 1-year low of $26.91 and a 1-year high of $34.64.

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

COPT Defense Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.28 annualized dividend and a yield of 3.7%. COPT Defense Properties’s dividend payout ratio (DPR) is 92.75%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on COPT Defense Properties from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Truist Financial raised their target price on COPT Defense Properties from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Monday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $37.00 target price on shares of COPT Defense Properties in a research note on Wednesday, April 29th. Weiss Ratings raised COPT Defense Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company raised their target price on COPT Defense Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $35.00.

COPT Defense Properties 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.