COPT Defense Properties $CDP Holdings Lowered by Channing Capital Management LLC

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 lessened its position in COPT Defense Properties (NYSE:CDP - Free Report) by 3.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,002,799 shares of the company's stock after selling 111,649 shares during the quarter. COPT Defense Properties makes up about 2.5% of Channing Capital Management LLC's investment portfolio, making the stock its 3rd largest holding. Channing Capital Management LLC owned about 2.66% of COPT Defense Properties worth $81,886,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Nissay Asset Management Corp Japan ADV raised its stake in COPT Defense Properties by 4.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 16,600 shares of the company's stock valued at $515,000 after buying an additional 635 shares during the last quarter. Central Pacific Bank Trust Division raised its stake in COPT Defense Properties by 10.7% during the first quarter. Central Pacific Bank Trust Division now owns 6,854 shares of the company's stock valued at $187,000 after buying an additional 660 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in COPT Defense Properties by 6.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,651 shares of the company's stock valued at $423,000 after buying an additional 813 shares during the last quarter. UMB Bank n.a. raised its stake in COPT Defense Properties by 321.7% during the first quarter. UMB Bank n.a. now owns 1,071 shares of the company's stock valued at $29,000 after buying an additional 817 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in COPT Defense Properties by 1.2% during the first quarter. State of Alaska Department of Revenue now owns 67,547 shares of the company's stock valued at $1,840,000 after buying an additional 821 shares during the last quarter.

Analyst Upgrades and Downgrades

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

COPT Defense Properties Stock Performance

Shares of CDP traded down $0.10 during trading hours on Tuesday, hitting $28.64. The stock had a trading volume of 225,340 shares, compared to its average volume of 938,451. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.96 and a quick ratio of 2.96. COPT Defense Properties has a 12 month low of $23.92 and a 12 month high of $34.22. The firm has a market capitalization of $3.23 billion, a PE ratio of 22.38 and a beta of 0.87. The stock has a fifty day moving average price of $28.06 and a 200 day moving average price of $27.33.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.68 EPS for the quarter, topping the consensus estimate 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 in the previous year, the company posted $0.64 earnings per share. COPT Defense Properties's revenue was up 1.4% compared to the same quarter last year. COPT Defense Properties has set its Q3 2025 guidance at 0.660-0.680 EPS. FY 2025 guidance at 2.650-2.690 EPS. Analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 30th. COPT Defense Properties's payout ratio is currently 95.31%.

COPT Defense Properties Company Profile

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.