Insider Selling: COPT Defense Properties (NYSE:CDP) Director Sells 4,896 Shares of Stock

Key Points

• Director Lisa Trimberger of COPT Defense Properties sold 4,896 shares on September 17 at an average price of $30.72, reducing her ownership by 19.44%.
• The company reported earnings per share of $0.68 for the last quarter, slightly exceeding expectations, while projecting a third-quarter guidance of 0.660-0.680 EPS.
• COPT Defense Properties declared a quarterly dividend of $0.305 per share, scheduled for payment on October 16, yielding an annualized rate of 3.9%.

COPT Defense Properties (NYSE:CDP - Get Free Report) Director Lisa G. Trimberger sold 4,896 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $30.72, for a total value of $150,405.12. Following the sale, the director owned 20,287 shares of the company's stock, valued at $623,216.64. The trade was a 19.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

COPT Defense Properties Stock Down 1.8%

CDP traded down $0.55 during midday trading on Friday, hitting $30.37. 1,560,145 shares of the company's stock traded hands, compared to its average volume of 1,040,090. The company has a market cap of $3.43 billion, a PE ratio of 23.73 and a beta of 0.93. The stock's fifty day simple moving average is $28.71 and its 200-day simple moving average is $27.68. COPT Defense Properties has a one year low of $23.92 and a one year high of $34.22. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.96 and a quick ratio of 2.96.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.01. The business had revenue of $175.60 million during the quarter, compared to analyst estimates of $186.55 million. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. COPT Defense Properties has set its Q3 2025 guidance at 0.660-0.680 EPS. FY 2025 guidance at 2.650-2.690 EPS. As a group, equities analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 30th. COPT Defense Properties's dividend payout ratio is presently 95.31%.

Analyst Ratings Changes

Several brokerages have commented on CDP. JPMorgan Chase & Co. boosted their price target on shares of COPT Defense Properties from $30.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday. Evercore ISI raised their target price on shares of COPT Defense Properties from $34.00 to $36.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $33.50.

Institutional Trading of COPT Defense Properties

Several hedge funds have recently added to or reduced their stakes in CDP. UMB Bank n.a. boosted its holdings in COPT Defense Properties by 321.7% in the 1st quarter. UMB Bank n.a. now owns 1,071 shares of the company's stock worth $29,000 after buying an additional 817 shares during the period. Quarry LP boosted its position in COPT Defense Properties by 102.0% during the 1st quarter. Quarry LP now owns 1,186 shares of the company's stock valued at $32,000 after buying an additional 599 shares during the period. GAMMA Investing LLC lifted its holdings in COPT Defense Properties by 59.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,504 shares of the company's stock worth $41,000 after buying an additional 561 shares during the period. EverSource Wealth Advisors LLC raised its stake in COPT Defense Properties by 1,176.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company's stock worth $46,000 after buying an additional 1,553 shares in the last quarter. Finally, GF Fund Management CO. LTD. purchased a new position in COPT Defense Properties during the fourth quarter valued at $63,000.

About COPT Defense Properties

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.