COPT Defense Properties $CDP Stock Position Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in COPT Defense Properties (NYSE:CDP) by 24.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 611,952 shares of the company’s stock after selling 201,441 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.54% of COPT Defense Properties worth $17,783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CDP. Norges Bank acquired a new stake in COPT Defense Properties during the 2nd quarter worth about $39,371,000. AQR Capital Management LLC grew its holdings in COPT Defense Properties by 60.0% during the second quarter. AQR Capital Management LLC now owns 1,472,046 shares of the company’s stock valued at $40,393,000 after purchasing an additional 551,863 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in COPT Defense Properties by 5.9% during the second quarter. Alliancebernstein L.P. now owns 7,241,437 shares of the company’s stock valued at $199,719,000 after acquiring an additional 406,617 shares during the period. Fort Washington Investment Advisors Inc. OH increased its position in COPT Defense Properties by 38.8% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,001,514 shares of the company’s stock worth $29,104,000 after buying an additional 279,790 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in COPT Defense Properties by 21.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,382,445 shares of the company’s stock valued at $38,128,000 after purchasing an additional 245,433 shares during the last quarter.

Analyst Ratings Changes

Several research analysts recently commented on CDP shares. Jefferies Financial Group raised their target price on COPT Defense Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. New Street Research set a $33.00 price objective on shares of COPT Defense Properties in a research report on Monday, October 13th. Wells Fargo & Company boosted their price objective on COPT Defense Properties from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Truist Financial raised their price target on COPT Defense Properties from $30.00 to $31.00 and gave the stock a “hold” rating in a research report on Monday, December 15th. Finally, Cantor Fitzgerald set a $33.00 price target on shares of COPT Defense Properties in a research report on Monday, January 5th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, COPT Defense Properties has a consensus rating of “Moderate Buy” and an average target price of $32.86.

COPT Defense Properties Price Performance

NYSE:CDP opened at $30.82 on Friday. COPT Defense Properties has a 52-week low of $23.92 and a 52-week high of $31.24. The company has a market cap of $3.49 billion, a P/E ratio of 23.17 and a beta of 0.86. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.34 and a current ratio of 2.34. The stock’s 50-day simple moving average is $29.22 and its 200 day simple moving average is $28.82.

COPT Defense Properties (NYSE:CDP) last released its earnings results on Thursday, October 30th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. COPT Defense Properties had a net margin of 19.99% and a return on equity of 9.71%. The business had revenue of $188.80 million during the quarter, compared to analysts’ expectations of $187.63 million. During the same period last year, the business earned $0.65 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. COPT Defense Properties has set its FY 2025 guidance at 2.690-2.710 EPS and its Q4 2025 guidance at 0.670-0.690 EPS. As a group, sell-side analysts forecast that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Wednesday, December 31st. COPT Defense Properties’s dividend payout ratio is 91.73%.

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.