Sumitomo Mitsui Trust Group Inc. Cuts Stock Position in COPT Defense Properties $CDP

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of COPT Defense Properties (NYSE:CDP) by 57.3% in the 1st quarter, HoldingsChannel reports. The fund owned 123,849 shares of the company’s stock after selling 165,996 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in COPT Defense Properties were worth $3,790,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CDP. Norges Bank acquired a new stake in COPT Defense Properties in the fourth quarter valued at approximately $39,685,000. Two Sigma Investments LP increased its position in shares of COPT Defense Properties by 289.9% during the third 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 in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of COPT Defense Properties by 51.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,896,161 shares of the company’s stock valued at $52,713,000 after purchasing an additional 647,449 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of COPT Defense Properties by 323.0% in 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 in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of COPT Defense Properties by 60.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,472,046 shares of the company’s stock worth $40,393,000 after purchasing an additional 551,863 shares in the last quarter.

Insider Activity

In other news, Director Robert L. Denton sold 3,922 shares of the company’s 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 in the company, valued at $123,141.14. This 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 the SEC website. 1.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CDP. Wells Fargo & Company boosted 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. JPMorgan Chase & Co. raised their price target on COPT Defense Properties from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Evercore restated an “outperform” rating and set a $41.00 price target on shares of COPT Defense Properties in a research note on Monday, July 6th. Truist Financial upped their price objective on shares of COPT Defense Properties from $33.00 to $34.00 and gave the company a “hold” rating in a report on Monday, June 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $37.00 target price on shares of COPT Defense Properties in a research note on Thursday, June 25th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.38.

COPT Defense Properties Stock Up 0.1%

CDP stock opened at $36.52 on Wednesday. The firm’s fifty day simple moving average is $33.78 and its 200-day simple moving average is $32.03. The company has a market capitalization of $4.14 billion, a P/E ratio of 26.46 and a beta of 0.76. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.85 and a quick ratio of 2.85. COPT Defense Properties has a 12 month low of $26.91 and a 12 month high of $38.06.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $185.10 million. During the same quarter in the previous year, the company earned $0.65 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. 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. As a group, equities research analysts forecast that COPT Defense Properties will post 2.78 earnings per share for the current year.

COPT Defense Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, June 30th. COPT Defense Properties’s dividend payout ratio (DPR) is currently 92.75%.

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.