Bank of America Corp DE Has $71.03 Million Holdings in COPT Defense Properties $CDP

Key Points

• Bank of America reduced its COPT Defense Properties stake by 1.4%, selling 33,117 shares and retaining 2.32 million shares worth approximately $71.03 million, or about 2.05% of the company.
• Analysts remain broadly positive, with five Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $36.25.
• COPT Defense Properties exceeded quarterly expectations, reporting $0.40 in earnings per share and $197.39 million in revenue. The company also maintains a quarterly dividend of $0.32 per share, representing a 3.4% annualized yield.

Bank of America Corp DE decreased its holdings in COPT Defense Properties (NYSE:CDP - Free Report) by 1.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,321,339 shares of the company's stock after selling 33,117 shares during the period. Bank of America Corp DE owned about 2.05% of COPT Defense Properties worth $71,033,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CDP. Los Angeles Capital Management LLC acquired a new position in shares of COPT Defense Properties in the fourth quarter valued at $27,000. EverSource Wealth Advisors LLC raised its position in shares of 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 valued at $46,000 after purchasing an additional 1,553 shares during the period. Optima Capital LLC acquired a new stake in shares of COPT Defense Properties during the 4th quarter worth about $63,000. Osaic Holdings Inc. lifted its stake in shares of COPT Defense Properties by 59.6% during the 2nd quarter. Osaic Holdings Inc. now owns 3,193 shares of the company's stock worth $88,000 after buying an additional 1,192 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of COPT Defense Properties by 283.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,173 shares of the company's stock worth $88,000 after buying an additional 2,346 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on COPT Defense Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Monday, June 1st. Citigroup increased their target price on COPT Defense Properties from $34.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. Weiss Ratings reissued a "buy (b)" rating on shares of COPT Defense Properties in a report on Friday, July 17th. Evercore restated an "outperform" rating and issued a $42.00 price target on shares of COPT Defense Properties in a research note on Monday, July 27th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $37.00 price objective on shares of COPT Defense Properties in a report on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.25.

COPT Defense Properties Stock Performance

NYSE CDP opened at $37.18 on Monday. 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 firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 25.82 and a beta of 0.76. The firm's 50 day simple moving average is $35.83 and its 200 day simple moving average is $33.14. COPT Defense Properties has a 1 year low of $27.06 and a 1 year high of $38.90.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.40 EPS for the quarter, beating the consensus estimate 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 business had revenue of $197.39 million during the quarter, compared to the consensus estimate of $189.36 million. During the same period in the previous year, the business earned $0.34 earnings per share. 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. As a group, research analysts expect that COPT Defense Properties will post 2.78 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.28 annualized dividend and a yield of 3.4%. COPT Defense Properties's dividend payout ratio (DPR) is 88.89%.

Insider Transactions at COPT Defense Properties

In other COPT Defense Properties news, Director Robert L. Denton sold 3,922 shares of COPT Defense Properties stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $32.38, for a total value of $126,994.36. Following the transaction, the director owned 3,803 shares in the company, valued at $123,141.14. The trade was a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.66% of the stock is currently owned by corporate insiders.

About COPT Defense Properties

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.

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