Geode Capital Management LLC Has $85.55 Million Holdings in COPT Defense Properties $CDP

Geode Capital Management LLC increased its stake in shares of COPT Defense Properties (NYSE:CDP) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,101,692 shares of the company’s stock after buying an additional 45,375 shares during the quarter. Geode Capital Management LLC’s holdings in COPT Defense Properties were worth $85,553,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CDP. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in COPT Defense Properties during the first quarter worth $3,338,000. KLP Kapitalforvaltning AS boosted its stake in shares of COPT Defense Properties by 38.2% in the 1st quarter. KLP Kapitalforvaltning AS now owns 31,100 shares of the company’s stock valued at $856,000 after purchasing an additional 8,600 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of COPT Defense Properties by 2.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,707 shares of the company’s stock valued at $2,201,000 after purchasing an additional 1,866 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of COPT Defense Properties by 33.4% in the 1st quarter. Federated Hermes Inc. now owns 17,232 shares of the company’s stock worth $470,000 after purchasing an additional 4,319 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of COPT Defense Properties by 70.1% during the 1st quarter. GSA Capital Partners LLP now owns 91,881 shares of the company’s stock worth $2,506,000 after purchasing an additional 37,864 shares in the last quarter.

COPT Defense Properties Price Performance

Shares of CDP stock opened at $30.16 on Friday. COPT Defense Properties has a 1 year low of $23.92 and a 1 year high of $33.49. The firm’s 50 day moving average is $28.87 and its 200-day moving average is $28.38. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 23.56 and a beta of 0.93. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.58.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The business had revenue of $188.80 million during the quarter, compared to analyst estimates of $187.63 million. During the same quarter last year, the business posted $0.65 earnings per share. COPT Defense Properties’s revenue for the quarter was down .2% compared to the same quarter last year. COPT Defense Properties has set its FY 2025 guidance at 2.690-2.710 EPS. Q4 2025 guidance at 0.670-0.690 EPS. Sell-side analysts forecast that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.305 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.0%. COPT Defense Properties’s payout ratio is presently 91.73%.

Insider Activity

In related news, Director Lisa G. Trimberger sold 4,896 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $30.72, for a total value of $150,405.12. Following the transaction, the director owned 20,287 shares in the company, valued at $623,216.64. This trade represents a 19.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CDP shares. Weiss Ratings reissued a “buy (b-)” rating on shares of COPT Defense Properties in a report on Wednesday, October 8th. Evercore ISI reduced their target price on COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, September 29th. New Street Research set a $33.00 price target on COPT Defense Properties in a research report on Monday, October 13th. Cantor Fitzgerald began coverage on COPT Defense Properties in a report on Wednesday, October 1st. They set an “overweight” rating and a $35.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on COPT Defense Properties from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, September 17th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, COPT Defense Properties presently has an average rating of “Moderate Buy” and an average price target of $33.75.

COPT Defense Properties Profile

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.