Strs Ohio Purchases New Position in COPT Defense Properties $CDP

Key Points

• Strs Ohio has invested approximately $575,000 in COPT Defense Properties by acquiring 21,100 shares in the first quarter of the year.
• Analysts have adjusted their price targets for COPT Defense Properties, with JPMorgan Chase raising it from $30.00 to $33.00 and Evercore ISI from $34.00 to $36.00.
• The company recently announced a quarterly dividend of $0.305 per share, representing an annualized yield of 4.0%, with payment scheduled for October 16th.

Strs Ohio acquired a new stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,100 shares of the company's stock, valued at approximately $575,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CDP. UMB Bank n.a. increased its position in shares of COPT Defense Properties by 321.7% in the first quarter. UMB Bank n.a. now owns 1,071 shares of the company's stock worth $29,000 after purchasing an additional 817 shares during the last quarter. Quarry LP increased its position in shares of COPT Defense Properties by 102.0% in the first quarter. Quarry LP now owns 1,186 shares of the company's stock worth $32,000 after purchasing an additional 599 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in shares of COPT Defense Properties in the fourth quarter worth approximately $63,000. Brooklyn Investment Group increased its position in shares of COPT Defense Properties by 9,030.4% in the first quarter. Brooklyn Investment Group now owns 2,100 shares of the company's stock worth $57,000 after purchasing an additional 2,077 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of COPT Defense Properties in the first quarter worth approximately $74,000.

Analysts Set New Price Targets

CDP has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on COPT Defense Properties from $30.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 17th. Evercore ISI upped 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. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $33.50.

COPT Defense Properties Stock Down 0.8%

Shares of CDP stock traded down $0.24 during trading hours on Tuesday, hitting $30.06. 252,611 shares of the company were exchanged, compared to its average volume of 955,951. COPT Defense Properties has a 52 week low of $23.92 and a 52 week high of $34.22. The company has a market capitalization of $3.39 billion, a PE ratio of 23.48 and a beta of 0.93. The business has a 50 day moving average of $28.75 and a two-hundred day moving average of $27.72. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.58.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its 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 firm had revenue of $175.60 million for the quarter, compared to analyst estimates of $186.55 million. During the same period last year, the firm earned $0.64 EPS. The business'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. Analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.305 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.22 annualized dividend and a dividend yield of 4.1%. COPT Defense Properties's payout ratio is 95.31%.

Insider Activity

In related news, Director Lisa G. Trimberger sold 3,000 shares of COPT Defense Properties stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $30.52, for a total transaction of $91,560.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.42% of the company's stock.

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.