Jupiter Asset Management Ltd. Sells 147,737 Shares of COPT Defense Properties $CDP

Jupiter Asset Management Ltd. lessened its holdings in shares of COPT Defense Properties (NYSE:CDP) by 20.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 576,016 shares of the company’s stock after selling 147,737 shares during the period. Jupiter Asset Management Ltd. owned 0.51% of COPT Defense Properties worth $15,887,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allworth Financial LP raised its position in COPT Defense Properties by 17,902.1% during the 2nd quarter. Allworth Financial LP now owns 43,565 shares of the company’s stock worth $1,202,000 after purchasing an additional 43,323 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of COPT Defense Properties by 4.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 80,811 shares of the company’s stock valued at $2,229,000 after buying an additional 3,742 shares during the period. Metis Global Partners LLC raised its position in shares of COPT Defense Properties by 30.7% during the second quarter. Metis Global Partners LLC now owns 18,620 shares of the company’s stock worth $514,000 after acquiring an additional 4,369 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of COPT Defense Properties by 21.6% in the second quarter. Bank of New York Mellon Corp now owns 1,382,445 shares of the company’s stock worth $38,128,000 after acquiring an additional 245,433 shares during the period. Finally, Presima Securities ULC lifted its stake in shares of COPT Defense Properties by 2.0% in the second quarter. Presima Securities ULC now owns 62,553 shares of the company’s stock worth $1,725,000 after acquiring an additional 1,237 shares during the period.

Analysts Set New Price Targets

Several research analysts have issued reports on CDP shares. Weiss Ratings restated a “buy (b-)” rating on shares of COPT Defense Properties in a report on Wednesday, October 8th. Jefferies Financial Group increased their price objective on shares of COPT Defense Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. lifted their target price on shares of COPT Defense Properties from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 17th. Evercore ISI cut their price target 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. Finally, Cantor Fitzgerald started coverage on COPT Defense Properties in a 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. According to data from MarketBeat, COPT Defense Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.75.

Insider Buying and Selling

In related news, Director Lisa G. Trimberger sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $30.52, for a total transaction of $91,560.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.42% of the stock is owned by insiders.

COPT Defense Properties Stock Down 0.5%

COPT Defense Properties stock opened at $29.07 on Thursday. The company has a market capitalization of $3.29 billion, a PE ratio of 22.71 and a beta of 0.93. COPT Defense Properties has a 12-month low of $23.92 and a 12-month high of $33.49. The firm’s fifty day moving average is $29.04 and its 200 day moving average is $28.25. 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 (NYSE:CDP) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The firm had revenue of $178.27 million during the quarter, compared to the consensus estimate of $187.63 million. During the same period in the previous year, the firm posted $0.65 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. 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, sell-side analysts predict that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

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.