Strs Ohio Lowers Holdings in COPT Defense Properties $CDP

Strs Ohio reduced its stake in shares of COPT Defense Properties (NYSE:CDP) by 26.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 145,200 shares of the company’s stock after selling 53,000 shares during the period. Strs Ohio’s holdings in COPT Defense Properties were worth $4,443,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CDP. California State Teachers Retirement System lifted its holdings in shares of COPT Defense Properties by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 104,190 shares of the company’s stock valued at $2,874,000 after buying an additional 457 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in COPT Defense Properties by 2.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,780 shares of the company’s stock worth $588,000 after acquiring an additional 513 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in COPT Defense Properties by 33.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,300 shares of the company’s stock worth $92,000 after acquiring an additional 827 shares during the period. Evolve Private Wealth LLC raised its position in COPT Defense Properties by 4.1% during the first quarter. Evolve Private Wealth LLC now owns 24,274 shares of the company’s stock valued at $743,000 after acquiring an additional 956 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in COPT Defense Properties during the fourth quarter valued at approximately $27,000.

Insider Buying and Selling

In other COPT Defense Properties news, Director Robert L. Denton sold 3,922 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $32.38, for a total transaction of $126,994.36. Following the completion of the transaction, the director directly owned 3,803 shares in the company, valued at approximately $123,141.14. This represents a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.66% of the company’s stock.

COPT Defense Properties Price Performance

CDP stock traded up $0.33 during mid-day trading on Tuesday, reaching $37.77. 59,717 shares of the company’s stock were exchanged, compared to its average volume of 1,123,638. 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 $37.90. The stock’s 50 day moving average is $33.08 and its 200 day moving average is $31.64. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 27.35 and a beta of 0.76.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.34). The business had revenue of $200.64 million during the quarter, compared to analysts’ expectations of $185.10 million. COPT Defense Properties had a net margin of 20.10% and a return on equity of 10.02%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. 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. On average, research analysts expect that COPT Defense Properties will post 2.78 EPS for the current year.

COPT Defense Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 30th. COPT Defense Properties’s payout ratio is presently 92.75%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CDP shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $37.00 price objective on shares of COPT Defense Properties in a research note on Thursday, June 25th. Evercore reiterated an “outperform” rating and issued a $41.00 target price on shares of COPT Defense Properties in a research note on Monday. JPMorgan Chase & Co. increased their price target on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Wells Fargo & Company raised their price target on shares of COPT Defense Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Truist Financial lifted 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. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.38.

About COPT Defense Properties

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.