COPT Defense Properties $CDP Shares Newly Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in COPT Defense Properties (NYSE:CDP) during the 3rd quarter, Holdings Channel.com reports. The fund bought 27,966 shares of the company’s stock, valued at approximately $934,000.

A number of other large investors have also made changes to their positions in the company. State Street Corp increased its position in shares of COPT Defense Properties by 0.5% during the 2nd quarter. State Street Corp now owns 6,871,138 shares of the company’s stock valued at $252,139,000 after purchasing an additional 34,561 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of COPT Defense Properties by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,682,296 shares of the company’s stock worth $51,480,000 after buying an additional 25,026 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of COPT Defense Properties by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 1,317,391 shares of the company’s stock worth $40,312,000 after buying an additional 18,758 shares during the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of COPT Defense Properties in the third quarter worth approximately $28,030,000. Finally, Envestnet Asset Management Inc. grew its position in COPT Defense Properties by 4.7% during the second quarter. Envestnet Asset Management Inc. now owns 477,142 shares of the company’s stock valued at $17,363,000 after buying an additional 21,493 shares during the period.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of COPT Defense Properties from $34.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, August 24th. Evercore reiterated an “outperform” rating and issued a $42.00 price target on shares of COPT Defense Properties in a research report on Monday, July 27th. Citigroup lifted their price target on shares of COPT Defense Properties from $34.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Wells Fargo & Company boosted their price objective on shares of COPT Defense Properties from $36.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of COPT Defense Properties in a research report on Thursday, October 15th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

COPT Defense Properties Price Performance

CDP stock traded up $0.11 during trading on Friday, reaching $33.94. The company’s stock had a trading volume of 645,217 shares, compared to its average volume of 914,677. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.64. The company’s fifty day moving average is $34.75 and its 200-day moving average is $34.45. The company has a market capitalization of $3.85 billion, a P/E ratio of 23.57 and a beta of 0.77. COPT Defense Properties has a 1 year low of $27.06 and a 1 year high of $38.90.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.33 by $0.07. COPT Defense Properties had a return on equity of 10.48% and a net margin of 20.94%. The business had revenue of $197.39 million for the quarter, compared to the consensus estimate of $189.36 million. During the same period in the previous year, the business earned $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, research analysts expect that COPT Defense Properties will post 2.78 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.28 annualized dividend and a dividend yield of 3.8%. COPT Defense Properties’s dividend payout ratio (DPR) is currently 88.89%.

About COPT Defense Properties

COPT Defense Properties is a real estate investment trust that owns, develops, manages and leases properties designed to support the U.S. government, defense and information technology sectors. Its portfolio includes office buildings, data centers, specialized facilities and other mission-critical properties leased primarily to government agencies, defense contractors and technology companies.

The company’s properties are concentrated in key defense and national security markets, including Northern Virginia, suburban Maryland and the broader Washington, DC, region.