Daiwa Securities Group Inc. Cuts Stock Position in COPT Defense Properties $CDP

Daiwa Securities Group Inc. lessened its holdings in COPT Defense Properties (NYSE:CDP) by 30.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 43,004 shares of the company’s stock after selling 18,584 shares during the period. Daiwa Securities Group Inc.’s holdings in COPT Defense Properties were worth $1,196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CDP. EverSource Wealth Advisors LLC grew its position in shares of COPT Defense Properties by 1,176.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock valued at $46,000 after purchasing an additional 1,553 shares in the last quarter. Optima Capital LLC purchased a new position in shares of COPT Defense Properties during the fourth quarter valued at about $63,000. Osaic Holdings Inc. grew its position in shares of COPT Defense Properties by 59.6% during the second quarter. Osaic Holdings Inc. now owns 3,193 shares of the company’s stock valued at $88,000 after purchasing an additional 1,192 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of COPT Defense Properties by 33.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,300 shares of the company’s stock valued at $92,000 after purchasing an additional 827 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of COPT Defense Properties by 181.5% during the fourth quarter. Global Retirement Partners LLC now owns 3,992 shares of the company’s stock valued at $111,000 after purchasing an additional 2,574 shares in the last quarter.

COPT Defense Properties Stock Up 0.4%

Shares of NYSE:CDP opened at $34.27 on Thursday. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 1.63. COPT Defense Properties has a 12 month low of $26.91 and a 12 month high of $34.64. The company has a 50-day moving average price of $31.95 and a 200 day moving average price of $31.01. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 24.83 and a beta of 0.79.

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

COPT Defense Properties Announces Dividend

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 dividend yield of 3.7%. COPT Defense Properties’s dividend payout ratio (DPR) is presently 92.75%.

Insider Activity at COPT Defense Properties

In related news, Director Robert L. Denton sold 3,922 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $32.38, for a total value of $126,994.36. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CDP. Wells Fargo & Company raised their price objective on COPT Defense Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. JPMorgan Chase & Co. raised their price objective on COPT Defense Properties from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Cantor Fitzgerald restated an “overweight” rating and set a $37.00 price objective on shares of COPT Defense Properties in a research report on Wednesday, April 29th. Evercore restated an “outperform” rating and set a $38.00 price objective on shares of COPT Defense Properties in a research report on Tuesday, April 28th. Finally, Truist Financial raised their price objective on COPT Defense Properties from $33.00 to $34.00 and gave the company a “hold” rating in a research report on Monday. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, COPT Defense Properties currently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

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.