Bank of New York Mellon Corp Has $40.31 Million Stake in COPT Defense Properties $CDP

Bank of New York Mellon Corp increased its stake in COPT Defense Properties (NYSE:CDP) by 1.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,317,391 shares of the company’s stock after purchasing an additional 18,758 shares during the quarter. Bank of New York Mellon Corp’s holdings in COPT Defense Properties were worth $40,312,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new position in COPT Defense Properties during the fourth quarter worth $39,685,000. Two Sigma Investments LP grew its holdings in COPT Defense Properties by 289.9% in the third quarter. Two Sigma Investments LP now owns 900,047 shares of the company’s stock worth $26,155,000 after purchasing an additional 669,181 shares during the period. Balyasny Asset Management L.P. increased its stake in COPT Defense Properties by 51.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,896,161 shares of the company’s stock valued at $52,713,000 after purchasing an additional 647,449 shares in the last quarter. Ameriprise Financial Inc. increased its stake in COPT Defense Properties by 323.0% in the third quarter. Ameriprise Financial Inc. now owns 791,867 shares of the company’s stock valued at $23,013,000 after purchasing an additional 604,670 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of 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 period.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of COPT Defense Properties in a research report on Friday, July 17th. Wells Fargo & Company upped their price target on COPT Defense Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $37.00 price target on shares of COPT Defense Properties in a report on Thursday, June 25th. Finally, Evercore reissued an “outperform” rating and issued a $41.00 price objective on shares of COPT Defense Properties in a research note on Monday, July 6th. 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.38.

COPT Defense Properties Stock Up 1.5%

COPT Defense Properties stock opened at $38.03 on Friday. COPT Defense Properties has a 1-year low of $26.91 and a 1-year high of $38.16. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 27.56 and a beta of 0.76. The firm’s fifty day moving average price is $34.70 and its two-hundred day moving average price is $32.53. 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 (NYSE:CDP) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.34). The business had revenue of $200.64 million for the quarter, compared to analyst estimates of $185.10 million. COPT Defense Properties had a net margin of 20.10% and a return on equity of 10.02%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. 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, equities research analysts predict that COPT Defense Properties will post 2.78 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.28 dividend on an annualized basis and a yield of 3.4%. COPT Defense Properties’s payout ratio is 92.75%.

Insider Buying and Selling

In other COPT Defense Properties news, Director Robert L. Denton sold 3,922 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $32.38, for a total transaction of $126,994.36. Following the completion of the sale, the director directly owned 3,803 shares of the company’s stock, valued at approximately $123,141.14. The trade was a 50.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.66% of the company’s stock.

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.