Horizon Investments LLC Cuts Position in COPT Defense Properties $CDP

Horizon Investments LLC cut its holdings in COPT Defense Properties (NYSE:CDP) by 93.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,575 shares of the company’s stock after selling 39,914 shares during the period. Horizon Investments LLC’s holdings in COPT Defense Properties were worth $72,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in COPT Defense Properties by 1,176.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock worth $46,000 after acquiring an additional 1,553 shares during the period. Optima Capital LLC bought a new position in COPT Defense Properties in the 4th quarter valued at $63,000. Osaic Holdings Inc. grew its stake in COPT Defense Properties by 59.6% in the 2nd quarter. Osaic Holdings Inc. now owns 3,193 shares of the company’s stock valued at $88,000 after purchasing an additional 1,192 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of COPT Defense Properties by 33.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,300 shares of the company’s stock valued at $92,000 after purchasing an additional 827 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of COPT Defense Properties by 45.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 4,975 shares of the company’s stock worth $145,000 after purchasing an additional 1,560 shares during the period.

Analyst Ratings Changes

CDP has been the topic of a number of research analyst reports. Evercore reissued an “outperform” rating and issued a $38.00 price target on shares of COPT Defense Properties in a report on Tuesday, April 28th. Citigroup raised their price objective on shares of COPT Defense Properties from $29.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Jefferies Financial Group lifted their price objective on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Truist Financial boosted their target price on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $37.00 target price on shares of COPT Defense Properties in a research report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.38.

Insiders Place Their Bets

In other COPT Defense Properties news, Director Philip L. Hawkins sold 5,536 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $32.71, for a total transaction of $181,082.56. Following the sale, the director owned 15,188 shares of the company’s stock, valued at $496,799.48. The trade was a 26.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.66% of the company’s stock.

COPT Defense Properties Trading Down 0.1%

Shares of COPT Defense Properties stock opened at $31.66 on Tuesday. The stock has a market capitalization of $3.59 billion, a P/E ratio of 22.94 and a beta of 0.80. COPT Defense Properties has a 52-week low of $26.43 and a 52-week high of $33.29. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.85 and a current ratio of 2.85. The stock’s 50-day simple moving average is $31.75 and its 200 day simple moving average is $30.46.

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

COPT Defense Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.32 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.28 dividend on an annualized basis and a yield of 4.0%. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.31. COPT Defense Properties’s dividend payout ratio (DPR) is presently 92.75%.

COPT Defense Properties Company Profile

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.