Channing Capital Management LLC Has $81.89 Million Stake in COPT Defense Properties $CDP

Key Points

• Channing Capital Management LLC has reduced its stake in COPT Defense Properties by 3.6%, selling 111,649 shares, leaving it with approximately 3 million shares valued at $81.9 million.
• COPT Defense Properties recently declared a quarterly dividend of $0.305, with a payout ratio of 95.31%, representing a 4.3% dividend yield.
• Wells Fargo lowered its price target on COPT Defense Properties from $36.00 to $30.00, with analysts currently rating the stock as a "Moderate Buy" with an average price target of $33.17.

Channing Capital Management LLC cut its stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 3.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,002,799 shares of the company's stock after selling 111,649 shares during the quarter. COPT Defense Properties accounts for about 2.5% of Channing Capital Management LLC's investment portfolio, making the stock its 3rd largest holding. Channing Capital Management LLC owned approximately 2.66% of COPT Defense Properties worth $81,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CDP. Nuveen LLC purchased a new stake in COPT Defense Properties in the 1st quarter worth approximately $52,679,000. Westwood Holdings Group Inc. lifted its holdings in COPT Defense Properties by 25.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,627,108 shares of the company's stock worth $98,911,000 after buying an additional 741,765 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in COPT Defense Properties in the 1st quarter worth approximately $19,737,000. Northern Trust Corp lifted its holdings in COPT Defense Properties by 19.4% in the 4th quarter. Northern Trust Corp now owns 1,737,815 shares of the company's stock worth $53,785,000 after buying an additional 281,834 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in COPT Defense Properties by 32.5% in the 4th quarter. AQR Capital Management LLC now owns 1,103,627 shares of the company's stock worth $33,981,000 after buying an additional 270,508 shares during the period.

COPT Defense Properties Stock Down 0.7%

Shares of CDP traded down $0.2120 on Monday, reaching $28.7280. The stock had a trading volume of 1,114,938 shares, compared to its average volume of 942,834. COPT Defense Properties has a 12-month low of $23.92 and a 12-month high of $34.22. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.96 and a current ratio of 2.96. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 22.44 and a beta of 0.87. The company has a 50-day simple moving average of $28.06 and a 200-day simple moving average of $27.34.

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

COPT Defense Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 30th. COPT Defense Properties's dividend payout ratio (DPR) is 95.31%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company dropped their price objective on COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $33.17.

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.