Strs Ohio Raises Stock Holdings in COPT Defense Properties $CDP

Key Points

• Strs Ohio boosted its stake in COPT Defense Properties by 857.5%, buying an additional 177,500 shares to hold 198,200 shares worth about $5.51 million (≈0.18% ownership) at the end of the quarter.
• COPT reported a quarterly EPS miss of $0.34 versus $0.68 expected while beating revenue at $200.64 million, and set FY2026 guidance of 2.730–2.790 EPS (analysts forecast ~2.78 EPS).
• The company raised its quarterly dividend to $0.32 (annualized $1.28), yielding ~4.1%, though the payout ratio is high at 92.75%.

Strs Ohio raised its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 857.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 198,200 shares of the company's stock after buying an additional 177,500 shares during the period. Strs Ohio owned about 0.18% of COPT Defense Properties worth $5,510,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in shares of 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 valued at $46,000 after acquiring an additional 1,553 shares during the last quarter. Optima Capital LLC purchased a new position in COPT Defense Properties during the 4th quarter valued at about $63,000. Osaic Holdings Inc. raised its position in COPT Defense Properties by 59.6% during the 2nd quarter. Osaic Holdings Inc. now owns 3,193 shares of the company's stock valued at $88,000 after purchasing an additional 1,192 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in COPT Defense Properties by 33.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,300 shares of the company's stock valued at $92,000 after purchasing an additional 827 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in COPT Defense Properties by 45.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,975 shares of the company's stock worth $145,000 after buying an additional 1,560 shares during the period.

COPT Defense Properties Trading Up 1.1%

NYSE CDP opened at $30.97 on Wednesday. COPT Defense Properties has a 12 month low of $25.99 and a 12 month high of $33.29. The stock's fifty day moving average price is $31.80 and its 200-day moving average price is $30.36. The stock has a market cap of $3.51 billion, a P/E ratio of 22.44 and a beta of 0.80. The company has a current ratio of 2.85, a quick ratio of 3.95 and a debt-to-equity ratio of 1.63.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.34). COPT Defense Properties had a net margin of 20.10% and a return on equity of 10.02%. The company had revenue of $200.64 million for the quarter, compared to analysts' expectations of $185.10 million. During the same period in the previous year, the business earned $0.65 EPS. The business's revenue was up 6.8% compared to the same quarter last year. COPT Defense Properties has set its FY 2026 guidance at 2.730-2.790 EPS and its Q2 2026 guidance at 0.680-0.700 EPS. As a group, equities analysts forecast that COPT Defense Properties will post 2.78 EPS for the current fiscal year.

COPT Defense Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.1%. This is a boost from COPT Defense Properties's previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, March 31st. COPT Defense Properties's dividend payout ratio (DPR) is currently 92.75%.

Analyst Ratings Changes

Several research firms have recently issued reports on CDP. Truist Financial boosted their target price on COPT Defense Properties from $31.00 to $33.00 and gave the company a "hold" rating in a research note on Tuesday, March 3rd. Citigroup lifted their price target on shares of COPT Defense Properties from $29.00 to $34.00 and gave the company a "neutral" rating in a report on Tuesday, February 10th. Weiss Ratings raised shares of COPT Defense Properties from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, April 21st. Jefferies Financial Group upped their price objective on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, January 27th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $37.00 target price on shares of COPT Defense Properties in a research note on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.38.

Insider Buying and Selling

In other COPT Defense Properties news, Director Philip L. Hawkins sold 5,536 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $32.71, for a total value of $181,082.56. Following the transaction, the director owned 15,188 shares of the company's stock, valued at approximately $496,799.48. This represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.66% of the company's stock.

About COPT Defense Properties

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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