199,685 Shares of COPT Defense Properties $CDP Bought by Asset Management One Co. Ltd.

Key Points

• Asset Management One purchased 199,685 shares of COPT Defense Properties in the third quarter, valued at approximately $6.7 million and representing a 0.18% stake.
• COPT reported strong quarterly results, with revenue of $208.8 million and FFO of $0.71 per share, both exceeding analyst expectations. Its Defense/IT portfolio was 96.2% leased, supported by 842,000 square feet of quarterly leasing activity.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $38 price target. However, 69.9% leasing retention and recent insider share sales present potential concerns.

Asset Management One Co. Ltd. bought a new position in shares of COPT Defense Properties (NYSE:CDP - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 199,685 shares of the company's stock, valued at approximately $6,669,000. Asset Management One Co. Ltd. owned 0.18% of COPT Defense Properties as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CDP. Signaturefd LLC bought a new stake in COPT Defense Properties in the 3rd quarter valued at $25,000. Integrated Wealth Concepts LLC acquired a new stake in shares of COPT Defense Properties during the 2nd quarter worth approximately $29,000. Versant Capital Management Inc raised its stake in shares of COPT Defense Properties by 38.8% during the third quarter. Versant Capital Management Inc now owns 1,159 shares of the company's stock valued at $39,000 after acquiring an additional 324 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in COPT Defense Properties in the third quarter valued at $68,000. Finally, Nykredit A S purchased a new stake in shares of COPT Defense Properties during the second quarter valued at approximately $76,000.

COPT Defense Properties News Roundup

Here are the key news stories impacting COPT Defense Properties this week:

• Positive Sentiment: Third-quarter funds from operations (FFO) were $0.71 per share, up from $0.69 a year earlier and above the $0.69 consensus estimate. Revenue reached $208.8 million, exceeding the roughly $190.4 million analyst forecast. COPT Defense Q3 FFO and Revenues Beat Estimates
• Positive Sentiment: Net income increased to $49.8 million from $43.7 million in the year-ago quarter, while nine-month revenue totaled $606.8 million and net income reached $138.5 million. COPT Defense Reports Third-Quarter Revenue
• Positive Sentiment: COPT’s Defense/IT portfolio remained highly leased at 96.2%, supporting recurring rental revenue from government and defense-related tenants. The company completed 842,000 square feet of leasing during the quarter. COPT Defense Properties Reports Earnings Results
• Neutral Sentiment: Management’s earnings call and presentation provide additional detail on operating trends, leasing activity, and the outlook investors will use to assess whether the quarterly outperformance can continue. COPT Defense Properties Q3 2026 Earnings Call Transcript
• Negative Sentiment: Leasing retention was 69.9%, which could raise concerns about tenant turnover and future leasing costs despite the portfolio’s high occupancy. The overall portfolio was 95.0% leased and 94.0% occupied at quarter-end. COPT Defense Reports Third-Quarter Results
• Negative Sentiment: Recent insider activity included share sales by executives, with no reported insider purchases. This may add a modest sentiment headwind, although insider transactions do not necessarily indicate a change in fundamentals.

Analyst Upgrades and Downgrades

CDP has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price on shares of COPT Defense Properties from $36.00 to $41.00 and gave the stock an "overweight" rating in a report on Tuesday, September 1st. Weiss Ratings reissued a "buy (b)" rating on shares of COPT Defense Properties in a research note on Thursday, October 15th. Citigroup increased their price objective on COPT Defense Properties from $34.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. BTIG Research reaffirmed a "buy" rating and issued a $38.00 price target on shares of COPT Defense Properties in a research note on Friday. Finally, Evercore reissued an "outperform" rating and set a $42.00 price target on shares of COPT Defense Properties in a research report on Monday, July 27th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $38.00.

COPT Defense Properties Trading Up 0.1%

CDP opened at $33.39 on Monday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.58 and a quick ratio of 2.89. The firm has a market capitalization of $3.79 billion, a PE ratio of 22.56 and a beta of 0.79. The company's 50-day moving average is $34.48 and its 200 day moving average is $33.58. COPT Defense Properties has a fifty-two week low of $27.06 and a fifty-two week high of $38.90.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.06. The company had revenue of $208.76 million during the quarter, compared to the consensus estimate of $190.43 million. COPT Defense Properties had a return on equity of 10.80% and a net margin of 21.17%. As a group, research analysts predict that COPT Defense Properties will post 2.79 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.8%. COPT Defense Properties's dividend payout ratio (DPR) is 86.49%.

COPT Defense Properties Company Profile

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.

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