534,126 Shares in COPT Defense Properties $CDP Acquired by Leeward Investments LLC MA

Leeward Investments LLC MA acquired a new stake in COPT Defense Properties (NYSE:CDP) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 534,126 shares of the company’s stock, valued at approximately $17,840,000.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in COPT Defense Properties by 38.8% in the 3rd quarter. Versant Capital Management Inc now owns 1,159 shares of the company’s stock worth $39,000 after buying an additional 324 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of COPT Defense Properties by 16.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,424 shares of the company’s stock valued at $74,000 after acquiring an additional 339 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of COPT Defense Properties by 20.9% in the second quarter. GAMMA Investing LLC now owns 2,880 shares of the company’s stock worth $105,000 after acquiring an additional 498 shares during the last quarter. State of Michigan Retirement System increased its stake in shares of COPT Defense Properties by 1.9% in the first quarter. State of Michigan Retirement System now owns 27,213 shares of the company’s stock worth $833,000 after acquiring an additional 500 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of COPT Defense Properties by 2.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 23,198 shares of the company’s stock worth $710,000 after acquiring an additional 600 shares during the last quarter.

Analyst Ratings Changes

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

COPT Defense Properties Stock Performance

Shares of CDP opened at $33.94 on Monday. The company’s fifty day moving average is $34.75 and its 200-day moving average is $34.47. COPT Defense Properties has a 12 month low of $27.06 and a 12 month high of $38.90. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 23.57 and a beta of 0.77. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.64.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data on Monday, July 27th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.07. COPT Defense Properties had a net margin of 20.94% and a return on equity of 10.48%. The business had revenue of $197.39 million during the quarter, compared to analyst estimates of $189.36 million. During the same quarter in the previous year, the business earned $0.34 EPS. Equities analysts expect that COPT Defense Properties will post 2.78 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

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