Voya Investment Management LLC Acquires 58,471 Shares of COPT Defense Properties $CDP

Key Points

• Voya Investment Management LLC increased its stake in COPT Defense Properties by 28.5%, acquiring an additional 58,471 shares, bringing its total to 263,777 shares valued at $7,193,000.
• COPT Defense Properties recently announced a quarterly dividend of $0.305 per share, representing an annualized dividend of $1.22 and a dividend yield of 4.0%, with a payout ratio of 95.31%.
• Analysts have positively revised price targets for COPT Defense Properties, with JPMorgan raising its target to $33.00 and Evercore ISI increasing it to $36.00, reflecting a consensus rating of "Moderate Buy."

Voya Investment Management LLC boosted its stake in COPT Defense Properties (NYSE:CDP - Free Report) by 28.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,777 shares of the company's stock after acquiring an additional 58,471 shares during the period. Voya Investment Management LLC owned 0.23% of COPT Defense Properties worth $7,193,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CDP. Principal Financial Group Inc. grew its position in COPT Defense Properties by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 1,945,257 shares of the company's stock valued at $53,047,000 after buying an additional 38,916 shares in the last quarter. M&T Bank Corp lifted its stake in COPT Defense Properties by 23.5% during the first quarter. M&T Bank Corp now owns 27,034 shares of the company's stock valued at $737,000 after buying an additional 5,145 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in COPT Defense Properties by 21.2% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,403,647 shares of the company's stock valued at $38,277,000 after buying an additional 245,440 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in COPT Defense Properties by 28.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,517 shares of the company's stock valued at $478,000 after buying an additional 3,866 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of COPT Defense Properties by 9.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 711,833 shares of the company's stock worth $19,412,000 after purchasing an additional 63,978 shares in the last quarter.

COPT Defense Properties Price Performance

Shares of NYSE CDP traded down $0.55 during midday trading on Friday, reaching $30.37. 1,560,145 shares of the company traded hands, compared to its average volume of 1,071,041. The firm has a market cap of $3.43 billion, a PE ratio of 23.73 and a beta of 0.93. The stock's 50-day simple moving average is $28.71 and its 200-day simple moving average is $27.70. COPT Defense Properties has a 12 month low of $23.92 and a 12 month high of $34.22. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.96 and a current ratio of 2.96.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.01. COPT Defense Properties had a return on equity of 9.38% and a net margin of 19.23%.The company had revenue of $175.60 million during the quarter, compared to analyst estimates of $186.55 million. During the same period last year, the company posted $0.64 earnings per share. The firm'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, equities analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, September 30th. COPT Defense Properties's payout ratio is 95.31%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CDP. Evercore ISI increased their price target on shares of COPT Defense Properties from $34.00 to $36.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. JPMorgan Chase & Co. increased their price target on shares of COPT Defense Properties from $30.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $33.50.

Insider Buying and Selling at COPT Defense Properties

In other COPT Defense Properties news, Director Lisa G. Trimberger sold 4,896 shares of the business's stock in a transaction that occurred 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 sale, the director owned 20,287 shares in the company, 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. 1.42% of the stock is owned by company insiders.

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.