Fox Run Management L.L.C. Invests $1.21 Million in COPT Defense Properties $CDP

Fox Run Management L.L.C. bought a new stake in shares of COPT Defense Properties (NYSE:CDP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 41,471 shares of the company’s stock, valued at approximately $1,205,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Nordea Investment Management AB raised its stake in COPT Defense Properties by 4.6% during the 3rd quarter. Nordea Investment Management AB now owns 393,117 shares of the company’s stock valued at $11,361,000 after purchasing an additional 17,418 shares during the period. Allianz Asset Management GmbH boosted its position in shares of COPT Defense Properties by 31.9% in the third quarter. Allianz Asset Management GmbH now owns 461,797 shares of the company’s stock worth $13,420,000 after buying an additional 111,696 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of COPT Defense Properties during the third quarter valued at $1,203,000. Channing Capital Management LLC raised its position in COPT Defense Properties by 21.0% during the third quarter. Channing Capital Management LLC now owns 2,913,596 shares of the company’s stock valued at $84,669,000 after buying an additional 506,593 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in COPT Defense Properties by 38.8% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,001,514 shares of the company’s stock worth $29,104,000 after acquiring an additional 279,790 shares in the last quarter.

Insider Transactions at COPT Defense Properties

In related news, Director Philip L. Hawkins sold 5,536 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $32.71, for a total value of $181,082.56. Following the completion of the sale, the director directly owned 15,188 shares in the company, valued at approximately $496,799.48. This represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CDP. Truist Financial lifted their target price on COPT Defense Properties from $30.00 to $31.00 and gave the company a “hold” rating in a research note on Monday, December 15th. Weiss Ratings restated a “buy (b-)” rating on shares of COPT Defense Properties in a report on Wednesday, January 21st. Jefferies Financial Group boosted their price objective on shares of COPT Defense Properties from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Evercore reiterated an “outperform” rating on shares of COPT Defense Properties in a research report on Friday, February 6th. Finally, Citigroup lifted their target price on shares of COPT Defense Properties from $29.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, COPT Defense Properties has a consensus rating of “Moderate Buy” and an average price target of $33.63.

COPT Defense Properties Trading Down 1.3%

Shares of NYSE CDP opened at $31.86 on Thursday. The business has a 50 day simple moving average of $30.18 and a 200 day simple moving average of $29.47. COPT Defense Properties has a 52 week low of $23.92 and a 52 week high of $32.82. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 23.60 and a beta of 0.86. The company has a debt-to-equity ratio of 1.77, a quick ratio of 2.34 and a current ratio of 3.95.

COPT Defense Properties (NYSE:CDP) last posted its earnings results on Thursday, February 5th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $197.36 million during the quarter, compared to analysts’ expectations of $188.79 million. COPT Defense Properties had a net margin of 19.94% and a return on equity of 9.82%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 earnings per share. COPT Defense Properties has set its FY 2026 guidance at 2.710-2.790 EPS and its Q1 2026 guidance at 0.670-0.690 EPS. On average, research analysts predict that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.31. COPT Defense Properties’s dividend payout ratio (DPR) is presently 90.37%.

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.