Royal Bank of Canada Sells 14,283 Shares of COPT Defense Properties $CDP

Royal Bank of Canada reduced its position in COPT Defense Properties (NYSE:CDP) by 17.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,298 shares of the company’s stock after selling 14,283 shares during the quarter. Royal Bank of Canada’s holdings in COPT Defense Properties were worth $2,029,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in COPT Defense Properties by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,030 shares of the company’s stock valued at $1,828,000 after acquiring an additional 2,931 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in COPT Defense Properties by 5.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 834,042 shares of the company’s stock worth $22,744,000 after purchasing an additional 39,683 shares during the period. Jane Street Group LLC increased its stake in COPT Defense Properties by 152.4% in the first quarter. Jane Street Group LLC now owns 214,122 shares of the company’s stock worth $5,839,000 after purchasing an additional 129,303 shares during the period. Invesco Ltd. lifted its position in shares of COPT Defense Properties by 11.8% during the second quarter. Invesco Ltd. now owns 758,513 shares of the company’s stock worth $20,920,000 after purchasing an additional 80,153 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of 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 purchasing an additional 1,553 shares during the last quarter.

Insider Buying and Selling

In other COPT Defense Properties news, Director Robert L. Denton sold 3,922 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $32.38, for a total transaction of $126,994.36. Following the transaction, the director owned 3,803 shares of the company’s stock, valued at approximately $123,141.14. This trade represents a 50.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CDP. Wells Fargo & Company upped their price target on shares of COPT Defense Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Citigroup lifted their price objective on shares of COPT Defense Properties from $34.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Evercore reissued an “outperform” rating and issued a $42.00 price objective on shares of COPT Defense Properties in a research report on Monday, July 27th. Truist Financial upped their target price on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Monday, June 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of COPT Defense Properties in a research report on Friday, July 17th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.25.

COPT Defense Properties Price Performance

Shares of CDP stock opened at $36.84 on Tuesday. COPT Defense Properties has a twelve month low of $27.06 and a twelve month high of $38.90. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.64. The stock has a fifty day simple moving average of $36.40 and a two-hundred day simple moving average of $33.41. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 25.58 and a beta of 0.76.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings results on Monday, July 27th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.33 by $0.07. The firm had revenue of $197.39 million for the quarter, compared to analyst estimates of $189.36 million. COPT Defense Properties had a return on equity of 10.48% and a net margin of 20.94%.During the same quarter last year, the firm posted $0.34 earnings per share. COPT Defense Properties has set its FY 2026 guidance at 1.390-1.430 EPS and its Q3 2026 guidance at 0.370-0.390 EPS. On average, analysts predict that COPT Defense Properties will post 2.78 EPS for the current fiscal year.

COPT Defense Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.5%. The ex-dividend date is Wednesday, September 30th. COPT Defense Properties’s dividend payout ratio is presently 88.89%.

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.