Fort Washington Investment Advisors Inc. OH Sells 41,823 Shares of COPT Defense Properties $CDP

Key Points

• Fort Washington Investment Advisors Inc. OH reduced its holdings in COPT Defense Properties by 5.5%, selling 41,823 shares to hold 721,724 shares valued at approximately $19.9 million.
• COPT Defense Properties announced a quarterly dividend of $0.305 per share, with a yield of 4.2%, payable on October 16th.
• Analysts have increased their target prices for COPT Defense Properties, with Evercore ISI raising theirs from $34 to $36 and providing an "outperform" rating.

Fort Washington Investment Advisors Inc. OH decreased its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 5.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 721,724 shares of the company's stock after selling 41,823 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.64% of COPT Defense Properties worth $19,905,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. grew its holdings in COPT Defense Properties by 321.7% during the 1st quarter. UMB Bank n.a. now owns 1,071 shares of the company's stock valued at $29,000 after purchasing an additional 817 shares during the last quarter. Quarry LP grew its stake in shares of COPT Defense Properties by 102.0% during the first quarter. Quarry LP now owns 1,186 shares of the company's stock valued at $32,000 after buying an additional 599 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of COPT Defense Properties by 59.5% in the second quarter. GAMMA Investing LLC now owns 1,504 shares of the company's stock worth $41,000 after buying an additional 561 shares during the period. Brooklyn Investment Group lifted its stake in shares of COPT Defense Properties by 9,030.4% during the 1st quarter. Brooklyn Investment Group now owns 2,100 shares of the company's stock worth $57,000 after acquiring an additional 2,077 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in COPT Defense Properties during the 1st quarter valued at $74,000.

Insider Activity

In other news, Director Lisa G. Trimberger sold 4,896 shares of the business's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $30.72, for a total value of $150,405.12. Following the completion of the transaction, the director directly owned 20,287 shares of the company's stock, valued at approximately $623,216.64. The trade was a 19.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.42% of the company's stock.

COPT Defense Properties Stock Down 0.0%

NYSE:CDP opened at $29.27 on Monday. 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 1-year low of $23.92 and a 1-year high of $34.22. The company has a 50-day moving average of $28.87 and a 200 day moving average of $27.79. The firm has a market cap of $3.30 billion, a PE ratio of 22.86 and a beta of 0.93.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The business 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 business posted $0.64 EPS. The company's quarterly 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. As a group, research analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.305 per share. This represents a $1.22 annualized dividend 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 Analyst Weigh In

CDP has been the topic of a number of recent analyst reports. Evercore ISI increased their target price on COPT Defense Properties from $34.00 to $36.00 and gave the stock an "outperform" rating in a research note on Monday, September 15th. JPMorgan Chase & Co. upped their target price on shares of COPT Defense Properties from $30.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 17th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, COPT Defense Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.50.

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.

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