Mirae Asset Global Investments Co. Ltd. Reduces Stock Holdings in COPT Defense Properties $CDP

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of COPT Defense Properties (NYSE:CDP) by 23.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,338 shares of the company’s stock after selling 706 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in COPT Defense Properties were worth $64,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in COPT Defense Properties by 321.7% during the 1st quarter. UMB Bank n.a. now owns 1,071 shares of the company’s stock worth $29,000 after buying an additional 817 shares during the last quarter. Quarry LP lifted its position in COPT Defense Properties by 102.0% during the 1st quarter. Quarry LP now owns 1,186 shares of the company’s stock worth $32,000 after acquiring an additional 599 shares during the period. GAMMA Investing LLC lifted its position in 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 lifted its position in 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 during the period. Finally, Headlands Technologies LLC acquired a new stake in COPT Defense Properties during the 1st quarter worth about $74,000.

COPT Defense Properties Stock Performance

Shares of CDP stock opened at $27.65 on Monday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.58. COPT Defense Properties has a 52-week low of $23.92 and a 52-week high of $34.22. The business has a 50-day simple moving average of $29.05 and a 200-day simple moving average of $27.90. The stock has a market cap of $3.12 billion, a PE ratio of 21.60 and a beta of 0.94.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. COPT Defense Properties had a return on equity of 9.38% and a net margin of 19.23%.The firm had revenue of $175.60 million during the quarter, compared to analyst estimates of $186.55 million. During the same quarter in the previous year, the business earned $0.64 EPS. COPT Defense Properties’s revenue for the quarter was up 1.4% compared to the same quarter last year. COPT Defense Properties has set its Q3 2025 guidance at 0.660-0.680 EPS. FY 2025 guidance at 2.650-2.690 EPS. On average, equities analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, September 30th. COPT Defense Properties’s payout ratio is currently 95.31%.

Insider Buying and Selling at COPT Defense Properties

In related news, Director Lisa G. Trimberger sold 4,896 shares of COPT Defense Properties 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 completion of the transaction, the director owned 20,287 shares in the company, valued at $623,216.64. The trade was a 19.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.42% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on COPT Defense Properties from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 17th. Evercore ISI lowered their price target 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 report on Wednesday, October 8th. Finally, Cantor Fitzgerald assumed coverage on COPT Defense Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $35.00 price target for the company. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.57.

About COPT Defense Properties

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.