Westwood Holdings Group Inc. Trims Stake in COPT Defense Properties $CDP

Westwood Holdings Group Inc. decreased its holdings in shares of COPT Defense Properties (NYSE:CDP) by 0.2% during the second quarter, HoldingsChannel reports. The firm owned 3,621,591 shares of the company’s stock after selling 5,517 shares during the period. COPT Defense Properties comprises 0.9% of Westwood Holdings Group Inc.’s portfolio, making the stock its 24th largest holding. Westwood Holdings Group Inc.’s holdings in COPT Defense Properties were worth $99,883,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Quarry LP increased its holdings in shares of 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 buying an additional 599 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of COPT Defense Properties by 59.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,504 shares of the company’s stock valued at $41,000 after purchasing an additional 561 shares during the last quarter. Brooklyn Investment Group raised its holdings in COPT Defense Properties by 9,030.4% in the 1st quarter. Brooklyn Investment Group now owns 2,100 shares of the company’s stock valued at $57,000 after buying an additional 2,077 shares during the period. Headlands Technologies LLC acquired a new position in COPT Defense Properties in the first quarter valued at about $74,000. Finally, Hantz Financial Services Inc. increased its position in shares of COPT Defense Properties by 810.7% during 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.

Wall Street Analyst Weigh In

CDP has been the subject of a number of research reports. New Street Research set a $33.00 price objective on COPT Defense Properties in a research note 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 objective on the stock. Evercore ISI decreased their target price on shares of COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, September 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of COPT Defense Properties in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on COPT Defense Properties from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.75.

Insider Activity at COPT Defense Properties

In other COPT Defense Properties 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.42% of the stock is owned by company insiders.

COPT Defense Properties Stock Up 0.3%

NYSE:CDP opened at $28.93 on Friday. COPT Defense Properties has a 52 week low of $23.92 and a 52 week high of $33.49. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $3.28 billion, a PE ratio of 22.60 and a beta of 0.93. The stock has a 50 day moving average of $28.98 and a 200-day moving average of $28.27.

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, topping analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $188.80 million during the quarter, compared to analyst estimates of $187.63 million. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. COPT Defense Properties has set its FY 2025 guidance at 2.690-2.710 EPS. Q4 2025 guidance at 0.670-0.690 EPS. Analysts predict that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.305 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.2%. COPT Defense Properties’s dividend payout ratio (DPR) is presently 91.73%.

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.