COPT Defense Properties $CDP Position Trimmed by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in COPT Defense Properties (NYSE:CDP) by 25.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 729,301 shares of the company’s stock after selling 243,264 shares during the quarter. Wellington Management Group LLP’s holdings in COPT Defense Properties were worth $26,539,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position 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 during the last quarter. California State Teachers Retirement System grew its holdings in shares of COPT Defense Properties by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 104,190 shares of the company’s stock worth $2,874,000 after acquiring an additional 457 shares during the last quarter. GAMMA Investing LLC raised its position in shares of COPT Defense Properties by 20.9% during the second quarter. GAMMA Investing LLC now owns 2,880 shares of the company’s stock worth $105,000 after purchasing an additional 498 shares during the period. State of Michigan Retirement System raised its position in shares of COPT Defense Properties by 1.9% during the first quarter. State of Michigan Retirement System now owns 27,213 shares of the company’s stock worth $833,000 after purchasing an additional 500 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of COPT Defense Properties by 2.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 23,198 shares of the company’s stock valued at $710,000 after purchasing an additional 600 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CDP shares. 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 upped their price objective on shares of COPT Defense Properties from $34.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their target price on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Truist Financial lifted their target price on shares of COPT Defense Properties from $34.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, August 24th. Finally, Wells Fargo & Company boosted their price target on shares of COPT Defense Properties from $36.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.38.

COPT Defense Properties Stock Performance

Shares of CDP stock opened at $35.12 on Friday. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 24.39 and a beta of 0.76. COPT Defense Properties has a 1-year low of $27.06 and a 1-year high of $38.90. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.64. The stock’s fifty day simple moving average is $37.03 and its 200-day simple moving average is $33.90.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.40 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $197.39 million during the quarter, compared to the consensus estimate of $189.36 million. During the same period in the prior year, the business earned $0.34 EPS. 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, sell-side analysts predict that COPT Defense Properties will post 2.78 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, September 30th. COPT Defense Properties’s dividend payout ratio is 88.89%.

COPT Defense Properties Company Profile

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.