COPT Defense Properties $CDP Stock Position Lifted by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board grew its position in COPT Defense Properties (NYSE:CDP) by 98.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 224,985 shares of the company’s stock after acquiring an additional 111,678 shares during the quarter. Ontario Teachers Pension Plan Board owned approximately 0.20% of COPT Defense Properties worth $6,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CDP. Quarry LP boosted its holdings in COPT Defense Properties by 102.0% in the first quarter. Quarry LP now owns 1,186 shares of the company’s stock worth $32,000 after purchasing an additional 599 shares during the period. GAMMA Investing LLC boosted its holdings 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 buying an additional 561 shares during the period. Brooklyn Investment Group grew 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 valued at $57,000 after buying an additional 2,077 shares during the last quarter. Headlands Technologies LLC acquired a new stake in COPT Defense Properties during the first quarter worth about $74,000. Finally, Hantz Financial Services Inc. raised its stake in COPT Defense Properties by 810.7% during the second quarter. Hantz Financial Services Inc. now owns 3,415 shares of the company’s stock worth $94,000 after acquiring an additional 3,040 shares during the period.

Analyst Ratings Changes

Several equities analysts have recently commented on CDP shares. Evercore ISI lowered their target price on COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, September 29th. Jefferies Financial Group boosted their price objective on COPT Defense Properties from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, October 13th. New Street Research set a $33.00 target price on COPT Defense Properties in a research report on Monday, October 13th. Cantor Fitzgerald initiated coverage on shares of 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. increased their price objective on shares of COPT Defense Properties from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, COPT Defense Properties has a consensus rating of “Moderate Buy” and an average price target of $33.75.

Insiders Place Their Bets

In other news, Director Lisa G. Trimberger sold 3,000 shares of COPT Defense Properties stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $30.52, for a total transaction of $91,560.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.42% of the stock is owned by company insiders.

COPT Defense Properties Price Performance

Shares of CDP opened at $28.93 on Friday. COPT Defense Properties has a one year low of $23.92 and a one year high of $33.49. The stock’s fifty day moving average is $28.98 and its 200-day moving average is $28.29. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.96 and a current ratio of 2.96. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 22.60 and a beta of 0.93.

COPT Defense Properties (NYSE:CDP) last announced its earnings results on Thursday, October 30th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The firm 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%. COPT Defense Properties’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Equities analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors 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 annualized dividend and a yield of 4.2%. COPT Defense Properties’s payout ratio is presently 91.73%.

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.