COPT Defense Properties $CDP Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management cut its COPT Defense Properties stake by 70.3% in the second quarter, selling 156,814 shares and retaining 66,378 shares valued at approximately $2.4 million.
• COPT Defense Properties exceeded quarterly expectations, reporting $0.40 in EPS versus the $0.33 consensus and revenue of $197.39 million versus $189.36 million expected.
• The company declared a quarterly dividend of $0.32 per share, equivalent to a 3.6% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $37.38.

Allianz Asset Management GmbH trimmed its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 70.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 66,378 shares of the company's stock after selling 156,814 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.06% of COPT Defense Properties worth $2,415,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new position in shares of COPT Defense Properties during the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC increased its position in COPT Defense Properties by 1,176.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company's stock worth $46,000 after buying an additional 1,553 shares in the last quarter. Nykredit A S acquired a new position in shares of COPT Defense Properties in the second quarter worth $76,000. GAMMA Investing LLC raised its holdings in shares of COPT Defense Properties by 20.9% in the second quarter. GAMMA Investing LLC now owns 2,880 shares of the company's stock worth $105,000 after acquiring an additional 498 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of COPT Defense Properties by 283.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,173 shares of the company's stock valued at $88,000 after acquiring an additional 2,346 shares in the last quarter.

COPT Defense Properties Price Performance

CDP stock opened at $35.16 on Thursday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.89 and a current ratio of 2.89. COPT Defense Properties has a 1 year low of $27.06 and a 1 year high of $38.90. The firm has a market cap of $3.99 billion, a P/E ratio of 24.41 and a beta of 0.76. The stock has a 50-day simple moving average of $36.95 and a 200-day simple moving average of $33.99.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its earnings results on Monday, July 27th. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.07. The business had revenue of $197.39 million for the quarter, compared to analysts' expectations of $189.36 million. COPT Defense Properties had a net margin of 20.94% and a return on equity of 10.48%. During the same period in the previous year, the company posted $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. On average, equities analysts predict that COPT Defense Properties will post 2.78 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, September 30th. COPT Defense Properties's dividend payout ratio is currently 88.89%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup upped their target price on shares of COPT Defense Properties from $34.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. Wells Fargo & Company lifted their price target on shares of COPT Defense Properties from $36.00 to $41.00 and gave the stock an "overweight" rating in a report on Tuesday, September 1st. Weiss Ratings reissued a "buy (b)" rating on shares of COPT Defense Properties in a research report on Friday, July 17th. Truist Financial boosted their price objective on shares of COPT Defense Properties from $34.00 to $38.00 and gave the company a "hold" rating in a research report on Monday, August 24th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $37.00 price objective on shares of COPT Defense Properties in a research note 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 company's stock. According to data from MarketBeat.com, COPT Defense Properties has an average rating of "Moderate Buy" and a consensus target price of $37.38.

COPT Defense Properties Profile

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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