COPT Defense Properties $CDP Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its stake in shares of COPT Defense Properties (NYSE:CDP) by 8.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 289,180 shares of the company’s stock after selling 25,753 shares during the period. Clearbridge Investments LLC owned approximately 0.26% of COPT Defense Properties worth $8,039,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in COPT Defense Properties during the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC grew its position in COPT Defense Properties by 1,176.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock worth $46,000 after purchasing an additional 1,553 shares during the period. Optima Capital LLC acquired a new stake in COPT Defense Properties during the 4th quarter worth about $63,000. Osaic Holdings Inc. grew 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 worth $88,000 after purchasing an additional 1,192 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew 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 worth $92,000 after purchasing an additional 827 shares during the period.

Insiders Place Their Bets

In related news, Director Robert L. Denton sold 3,922 shares of COPT Defense Properties stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $32.38, for a total value of $126,994.36. Following the sale, the director owned 3,803 shares of the company’s stock, valued at approximately $123,141.14. This trade represents a 50.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

CDP has been the subject of a number of analyst reports. Truist Financial boosted their price target on COPT Defense Properties from $33.00 to $34.00 and gave the company a “hold” rating in a report on Monday. Weiss Ratings raised COPT Defense Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. Wells Fargo & Company boosted their price target on COPT Defense Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, June 1st. JPMorgan Chase & Co. boosted their price target on COPT Defense Properties from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Finally, Evercore reissued an “outperform” rating and issued a $38.00 price target on shares of COPT Defense Properties in a report on Tuesday, April 28th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, COPT Defense Properties has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

COPT Defense Properties Stock Up 0.4%

CDP stock opened at $34.27 on Thursday. The firm has a market cap of $3.89 billion, a PE ratio of 24.83 and a beta of 0.79. COPT Defense Properties has a one year low of $26.91 and a one year high of $34.64. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.85 and a current ratio of 2.85. The firm’s fifty day moving average is $31.95 and its 200 day moving average is $31.01.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings results on Monday, April 27th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.34). The business had revenue of $200.64 million during the quarter, compared to analyst estimates of $185.10 million. COPT Defense Properties had a return on equity of 10.02% and a net margin of 20.10%.The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 EPS. 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. On average, research analysts forecast that COPT Defense Properties will post 2.78 EPS for the current year.

COPT Defense Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.28 dividend on an annualized basis and a yield of 3.7%. COPT Defense Properties’s dividend payout ratio is presently 92.75%.

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.