Campbell & CO Investment Adviser LLC Has $981,000 Position in COPT Defense Properties $CDP

Campbell & CO Investment Adviser LLC lowered its position in shares of COPT Defense Properties (NYSE:CDP) by 41.5% during the third quarter, Holdings Channel.com reports. The firm owned 33,764 shares of the company’s stock after selling 23,998 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in COPT Defense Properties were worth $981,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CDP. Norges Bank bought a new stake in COPT Defense Properties during the second quarter worth about $39,371,000. AQR Capital Management LLC increased its holdings in COPT Defense Properties by 60.0% in 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 period. Alliancebernstein L.P. increased its stake in shares of COPT Defense Properties by 5.9% in the second quarter. Alliancebernstein L.P. now owns 7,241,437 shares of the company’s stock valued at $199,719,000 after buying an additional 406,617 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in COPT Defense Properties by 38.8% during 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 purchasing an additional 279,790 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in COPT Defense Properties by 21.6% during the second quarter. Bank of New York Mellon Corp now owns 1,382,445 shares of the company’s stock valued at $38,128,000 after acquiring an additional 245,433 shares during the last quarter.

COPT Defense Properties Price Performance

CDP opened at $30.82 on Tuesday. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.34 and a quick ratio of 2.34. COPT Defense Properties has a 1 year low of $23.92 and a 1 year high of $31.24. The stock’s 50 day simple moving average is $29.26 and its 200 day simple moving average is $28.84. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 23.17 and a beta of 0.86.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. COPT Defense Properties had a return on equity of 9.71% and a net margin of 19.99%.The business had revenue of $188.80 million during the quarter, compared to analysts’ expectations of $187.63 million. During the same quarter last year, the business posted $0.65 EPS. The business’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, analysts predict that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CDP. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of COPT Defense Properties in a research report on Wednesday, October 8th. Wells Fargo & Company increased their price target on COPT Defense Properties from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. Jefferies Financial Group boosted their target price on COPT Defense Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. New Street Research set a $33.00 target price on shares of COPT Defense Properties in a research report on Monday, October 13th. Finally, Cantor Fitzgerald set a $33.00 price target on COPT Defense Properties in a research note on Monday, January 5th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, COPT Defense Properties presently has an average rating of “Moderate Buy” and a consensus target price of $32.86.

COPT Defense Properties Company Profile

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.