Metis Global Partners LLC Buys 4,369 Shares of COPT Defense Properties $CDP

Metis Global Partners LLC boosted its stake in COPT Defense Properties (NYSE:CDP) by 30.7% in the second quarter, Holdings Channel reports. The firm owned 18,620 shares of the company’s stock after purchasing an additional 4,369 shares during the quarter. Metis Global Partners LLC’s holdings in COPT Defense Properties were worth $514,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quarry LP increased its holdings in COPT Defense Properties by 102.0% in the 1st quarter. Quarry LP now owns 1,186 shares of the company’s stock valued at $32,000 after buying an additional 599 shares during the period. GAMMA Investing LLC lifted its holdings in shares of COPT Defense Properties by 59.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,504 shares of the company’s stock worth $41,000 after acquiring an additional 561 shares during the period. Brooklyn Investment Group boosted its position in shares of COPT Defense Properties by 9,030.4% during the 1st quarter. Brooklyn Investment Group now owns 2,100 shares of the company’s stock worth $57,000 after acquiring an additional 2,077 shares in the last quarter. Headlands Technologies LLC bought a new position in COPT Defense Properties in the first quarter valued at approximately $74,000. Finally, Hantz Financial Services Inc. increased its stake in COPT Defense Properties by 810.7% in the second quarter. Hantz Financial Services Inc. now owns 3,415 shares of the company’s stock valued at $94,000 after acquiring an additional 3,040 shares during the last quarter.

COPT Defense Properties Trading Down 0.5%

Shares of NYSE CDP opened at $29.07 on Thursday. The firm has a 50 day moving average price of $29.04 and a two-hundred day moving average price of $28.25. The stock has a market cap of $3.29 billion, a P/E ratio of 22.71 and a beta of 0.93. COPT Defense Properties has a 52-week low of $23.92 and a 52-week high of $33.49. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.96 and a current ratio of 2.96.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $178.27 million for the quarter, compared to analysts’ expectations of $187.63 million. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. COPT Defense Properties’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. COPT Defense Properties has set its FY 2025 guidance at 2.690-2.710 EPS. Q4 2025 guidance at 0.670-0.690 EPS. As a group, equities analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Cantor Fitzgerald initiated coverage on COPT Defense Properties in a research note on Wednesday, October 1st. They set an “overweight” rating and a $35.00 target price for the company. Evercore ISI dropped their price objective on COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of COPT Defense Properties in a research note on Wednesday, October 8th. New Street Research set a $33.00 target price on COPT Defense Properties in a research note on Monday, October 13th. Finally, Jefferies Financial Group increased their target price on shares of COPT Defense Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.75.

Insider Activity at COPT Defense Properties

In other news, Director Lisa G. Trimberger sold 3,000 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $30.52, for a total value of $91,560.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.42% of the company’s stock.

COPT Defense Properties Company 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.