COPT Defense Properties $CDP Shares Newly Bought by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors bought 839,223 COPT Defense Properties shares valued at approximately $28 million, representing about 0.74% of the company. Several other institutions also initiated or increased positions.
• COPT Defense Properties’ shares opened at $33.23, below the analyst consensus target of $38.00. Analysts maintain a “Moderate Buy” consensus, with five Buy ratings and three Hold ratings.
• The company reported quarterly earnings of $0.40 per share, beating estimates of $0.33, and revenue of $197.39 million. It also pays a quarterly dividend of $0.32 per share, representing a 3.9% annualized yield.

Fort Washington Investment Advisors Inc. OH purchased a new position in shares of COPT Defense Properties (NYSE:CDP - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 839,223 shares of the company's stock, valued at approximately $28,030,000. Fort Washington Investment Advisors Inc. OH owned approximately 0.74% of COPT Defense Properties as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. ZWJ Investment Counsel Inc. acquired a new stake in COPT Defense Properties in the 3rd quarter worth approximately $235,000. GAMMA Investing LLC acquired a new position in COPT Defense Properties during the third quarter valued at approximately $108,000. Versant Capital Management Inc grew its holdings in COPT Defense Properties by 38.8% during the third quarter. Versant Capital Management Inc now owns 1,159 shares of the company's stock valued at $39,000 after purchasing an additional 324 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in COPT Defense Properties by 4.7% during the second quarter. Envestnet Asset Management Inc. now owns 477,142 shares of the company's stock valued at $17,363,000 after purchasing an additional 21,493 shares during the last quarter. Finally, State Street Corp grew its holdings in COPT Defense Properties by 0.5% during 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.

COPT Defense Properties Price Performance

NYSE CDP opened at $33.23 on Friday. COPT Defense Properties has a twelve month low of $27.06 and a twelve month high of $38.90. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.89 and a current ratio of 2.89. The stock has a market capitalization of $3.77 billion, a PE ratio of 11.91 and a beta of 0.77. The stock has a 50-day simple moving average of $35.18 and a 200 day simple moving average of $34.37.

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 for the quarter, beating the consensus estimate of $0.33 by $0.07. The firm had revenue of $197.39 million during the quarter, compared to the consensus estimate 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 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. Research 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. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.32 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.9%. COPT Defense Properties's payout ratio is 88.89%.

Analysts Set New Price Targets

CDP has been the topic of a number of recent analyst reports. Evercore reissued an "outperform" rating and issued a $42.00 price target on shares of COPT Defense Properties in a research report on Monday, July 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of COPT Defense Properties in a report on Friday, July 17th. Wells Fargo & Company raised their target price on shares of COPT Defense Properties from $36.00 to $41.00 and gave the company an "overweight" rating in a research note on Tuesday, September 1st. Truist Financial raised their target price on shares of COPT Defense Properties from $34.00 to $38.00 and gave the company a "hold" rating in a research note on Monday, August 24th. Finally, Citigroup lifted their target price on shares of COPT Defense Properties from $34.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $38.00.

COPT Defense Properties Company Profile

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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