72,057 Shares of COPT Defense Properties $CDP Bought by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue acquired 72,057 shares of COPT Defense Properties in the third quarter, valued at approximately $2.4 million. Several other institutional investors also increased their positions.
• COPT Defense Properties reported quarterly revenue of $197.39 million and EPS of $0.40, exceeding analyst estimates of $189.36 million and $0.33, respectively. The company maintained FY 2026 EPS guidance of $1.39–$1.43.
• The REIT declared a quarterly dividend of $0.32, equivalent to $1.28 annually and a 3.8% yield. Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $38.00.

State of Alaska Department of Revenue acquired a new position in shares of COPT Defense Properties (NYSE:CDP - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 72,057 shares of the company's stock, valued at approximately $2,405,000. State of Alaska Department of Revenue owned about 0.06% of COPT Defense Properties as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in shares of COPT Defense Properties by 0.5% in the second quarter. State Street Corp now owns 6,871,138 shares of the company's stock valued at $252,139,000 after purchasing an additional 34,561 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of COPT Defense Properties by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,682,296 shares of the company's stock worth $51,480,000 after purchasing an additional 25,026 shares during the period. Bank of New York Mellon Corp increased its stake in shares of COPT Defense Properties by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 1,317,391 shares of the company's stock worth $40,312,000 after purchasing an additional 18,758 shares during the period. Fort Washington Investment Advisors Inc. OH bought a new position in shares of COPT Defense Properties during the third quarter worth approximately $28,030,000. Finally, Envestnet Asset Management Inc. lifted its holdings in COPT Defense Properties by 4.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 477,142 shares of the company's stock worth $17,363,000 after purchasing an additional 21,493 shares during the last quarter.

COPT Defense Properties Stock Performance

NYSE CDP opened at $33.27 on Monday. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $3.77 billion, a P/E ratio of 23.11 and a beta of 0.77. COPT Defense Properties has a 12-month low of $27.06 and a 12-month high of $38.90. The firm has a 50-day moving average price of $35.10 and a two-hundred day moving average price of $34.39.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its earnings results on Monday, July 27th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $197.39 million for the quarter, compared to analyst estimates of $189.36 million. During the same quarter in the prior year, the business posted $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. Analysts anticipate that COPT Defense Properties will post 2.78 earnings per share for the current year.

COPT Defense Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Wednesday, September 30th. COPT Defense Properties's payout ratio is 88.89%.

Analysts Set New Price Targets

CDP has been the subject of several recent research reports. Citigroup boosted their price target on COPT Defense Properties from $34.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, July 30th. Truist Financial upped their price objective on COPT Defense Properties from $34.00 to $38.00 and gave the company a "hold" rating in a report on Monday, August 24th. Weiss Ratings reiterated a "buy (b)" rating on shares of COPT Defense Properties in a research report on Thursday. Evercore reissued an "outperform" rating and set a $42.00 target price on shares of COPT Defense Properties in a report on Monday, July 27th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $37.00 target price on shares of COPT Defense Properties in a report on Thursday, June 25th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, COPT Defense Properties currently has an average rating of "Moderate Buy" and a consensus price target of $38.00.

About COPT Defense Properties

COPT Defense Properties NYSE: CDP is a real estate investment trust that owns, operates and develops properties serving the U.S. government, defense contractors and information technology companies. The company's portfolio includes office buildings, data center facilities and other specialized properties designed to support mission-critical operations.

The company primarily serves demand centers in the Greater Washington, DC, and Northern Virginia markets, as well as select locations in Maryland and other areas with significant concentrations of defense and government-related activity.

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