Geode Capital Management LLC Has $87.56 Million Stake in COPT Defense Properties $CDP

Geode Capital Management LLC raised its position in COPT Defense Properties (NYSE:CDP) by 0.5% during the fourth quarter, Holdings Channel reports. The firm owned 3,149,130 shares of the company’s stock after purchasing an additional 17,049 shares during the period. Geode Capital Management LLC’s holdings in COPT Defense Properties were worth $87,558,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CDP. Alliancebernstein L.P. lifted its position in shares of COPT Defense Properties by 16.8% in the 3rd quarter. Alliancebernstein L.P. now owns 8,457,373 shares of the company’s stock worth $245,771,000 after purchasing an additional 1,215,936 shares during the period. GRS Advisors LLC acquired a new position in shares of COPT Defense Properties in the 3rd quarter worth approximately $28,399,000. Two Sigma Investments LP lifted its position in shares of COPT Defense Properties by 289.9% in the 3rd quarter. Two Sigma Investments LP now owns 900,047 shares of the company’s stock worth $26,155,000 after purchasing an additional 669,181 shares during the period. Ameriprise Financial Inc. lifted its position in shares of COPT Defense Properties by 323.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 791,867 shares of the company’s stock worth $23,013,000 after purchasing an additional 604,670 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of COPT Defense Properties by 60.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,472,046 shares of the company’s stock valued at $40,393,000 after acquiring an additional 551,863 shares in the last quarter.

Insider Activity

In other news, Director Robert L. Denton sold 3,922 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $32.38, for a total value of $126,994.36. Following the completion of the sale, the director owned 3,803 shares in the company, valued at $123,141.14. This represents a 50.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.66% of the stock is currently owned by insiders.

COPT Defense Properties Stock Down 0.1%

CDP stock opened at $32.60 on Monday. COPT Defense Properties has a twelve month low of $26.91 and a twelve month high of $33.33. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 1.63. The stock’s 50 day moving average is $31.78 and its 200-day moving average is $30.92. The firm has a market capitalization of $3.70 billion, a PE ratio of 23.63 and a beta of 0.79.

COPT Defense Properties (NYSE:CDP) last posted 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 net margin of 20.10% and a return on equity of 10.02%. The company had revenue of $200.64 million during 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. The firm’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. Sell-side analysts expect that COPT Defense Properties will post 2.78 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.32 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.28 annualized dividend and a dividend yield of 3.9%. COPT Defense Properties’s dividend payout ratio is presently 92.75%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CDP. JPMorgan Chase & Co. lifted their price objective on shares of COPT Defense Properties from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $37.00 price objective on shares of COPT Defense Properties in a research note on Wednesday, April 29th. Truist Financial lifted their price objective 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. Wells Fargo & Company lifted their price objective on shares of COPT Defense Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Citigroup lifted their price objective 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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.88.

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.