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

Key Points

• Leeward Investments LLC MA acquired 534,126 shares of COPT Defense Properties, valued at approximately $17.84 million and representing about 0.47% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and three Holds; the stock has an average “Moderate Buy” rating and a consensus price target of $38.
• COPT Defense Properties reported quarterly EPS of $0.40, exceeding estimates of $0.33, and pays a quarterly dividend of $0.32 per share, implying a 3.8% yield.

Leeward Investments LLC MA purchased a new position in COPT Defense Properties (NYSE:CDP - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 534,126 shares of the company's stock, valued at approximately $17,840,000. Leeward Investments LLC MA owned about 0.47% of COPT Defense Properties as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Signaturefd LLC acquired a new stake in shares of COPT Defense Properties during the 3rd quarter valued at $25,000. Integrated Wealth Concepts LLC acquired a new position in shares of COPT Defense Properties in the 2nd quarter worth $29,000. Versant Capital Management Inc grew its holdings in shares of 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 acquiring an additional 324 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of COPT Defense Properties in the 3rd quarter worth $68,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of COPT Defense Properties by 16.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,424 shares of the company's stock worth $74,000 after purchasing an additional 339 shares during the period.

Analyst Upgrades and Downgrades

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

COPT Defense Properties Trading Up 0.0%

NYSE CDP opened at $33.94 on Monday. The firm's 50 day moving average price is $34.75 and its two-hundred day moving average price is $34.47. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.89 and a current ratio of 2.89. COPT Defense Properties has a twelve month low of $27.06 and a twelve month high of $38.90. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 23.57 and a beta of 0.77.

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

COPT Defense Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors 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 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.

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