Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in COPT Defense Properties $CDP

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in COPT Defense Properties (NYSE:CDP) by 48.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,017 shares of the company’s stock after purchasing an additional 38,070 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in COPT Defense Properties were worth $3,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Nordea Investment Management AB boosted its stake in COPT Defense Properties by 4.6% in the 3rd quarter. Nordea Investment Management AB now owns 393,117 shares of the company’s stock worth $11,361,000 after buying an additional 17,418 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in COPT Defense Properties by 31.9% in the 3rd 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 last quarter. Channing Capital Management LLC boosted its stake in COPT Defense Properties by 21.0% in the 3rd quarter. Channing Capital Management LLC now owns 2,913,596 shares of the company’s stock worth $84,669,000 after buying an additional 506,593 shares during the last quarter. Picton Mahoney Asset Management boosted its stake in COPT Defense Properties by 83,723.7% in the 3rd quarter. Picton Mahoney Asset Management now owns 31,853 shares of the company’s stock worth $924,000 after buying an additional 31,815 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in COPT Defense Properties in the 3rd quarter worth about $1,203,000.

Analyst Upgrades and Downgrades

CDP has been the topic of a number of research analyst reports. Truist Financial raised their price target on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Evercore reissued an “outperform” rating on shares of COPT Defense Properties in a research note on Friday, February 6th. Weiss Ratings upgraded COPT Defense Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Cantor Fitzgerald raised their price objective on COPT Defense Properties from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Finally, Jefferies Financial Group raised their price objective on COPT Defense Properties from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, COPT Defense Properties has a consensus rating of “Moderate Buy” and an average target price of $33.88.

COPT Defense Properties Stock Performance

Shares of NYSE:CDP opened at $32.08 on Friday. The company has a market cap of $3.64 billion, a P/E ratio of 23.76 and a beta of 0.86. The company has a debt-to-equity ratio of 1.77, a quick ratio of 3.95 and a current ratio of 3.95. COPT Defense Properties has a one year low of $25.21 and a one year high of $32.96. The business’s 50-day simple moving average is $31.82 and its 200 day simple moving average is $30.22.

COPT Defense Properties (NYSE:CDP) last announced its earnings results on Thursday, February 5th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. The business had revenue of $197.36 million for the quarter, compared to the consensus estimate of $188.79 million. COPT Defense Properties had a return on equity of 9.82% and a net margin of 19.94%.The company’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. 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, sell-side analysts forecast that COPT Defense Properties will post 2.78 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, March 31st. This is an increase from COPT Defense Properties’s previous quarterly dividend of $0.31. COPT Defense Properties’s dividend payout ratio (DPR) is 94.81%.

Insider Activity at COPT Defense Properties

In related news, Director Philip L. Hawkins sold 5,536 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $32.71, for a total transaction of $181,082.56. Following the sale, the director directly owned 15,188 shares in the company, valued at approximately $496,799.48. This trade represents a 26.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.66% of the company’s stock.

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.