COPT Defense Properties $CDP Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in COPT Defense Properties (NYSE:CDP) by 21.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,382,445 shares of the company’s stock after purchasing an additional 245,433 shares during the period. Bank of New York Mellon Corp’s holdings in COPT Defense Properties were worth $38,128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CDP. Quarry LP increased its holdings in shares of COPT Defense Properties by 102.0% in the 1st quarter. Quarry LP now owns 1,186 shares of the company’s stock valued at $32,000 after acquiring an additional 599 shares during the period. GAMMA Investing LLC grew its position in COPT Defense Properties by 59.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,504 shares of the company’s stock worth $41,000 after purchasing an additional 561 shares during the last quarter. Brooklyn Investment Group grew its position in COPT Defense Properties by 9,030.4% during the 1st quarter. Brooklyn Investment Group now owns 2,100 shares of the company’s stock worth $57,000 after purchasing an additional 2,077 shares during the last quarter. Headlands Technologies LLC acquired a new position in COPT Defense Properties in the first quarter valued at $74,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of COPT Defense Properties by 810.7% in the second quarter. Hantz Financial Services Inc. now owns 3,415 shares of the company’s stock valued at $94,000 after buying an additional 3,040 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Lisa G. Trimberger sold 4,896 shares of COPT Defense Properties stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $30.72, for a total transaction of $150,405.12. Following the completion of the transaction, the director directly owned 20,287 shares of the company’s stock, valued at approximately $623,216.64. The trade was a 19.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.42% of the stock is owned by insiders.

Analysts Set New Price Targets

CDP has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on COPT Defense Properties from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Cantor Fitzgerald assumed coverage on COPT Defense Properties in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $35.00 target price on the stock. Evercore ISI cut their price target on COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. New Street Research set a $33.00 price target on COPT Defense Properties in a report on Monday, October 13th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of COPT Defense Properties in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.75.

COPT Defense Properties Stock Down 0.5%

Shares of NYSE CDP opened at $29.07 on Thursday. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 22.71 and a beta of 0.93. COPT Defense Properties has a 52 week low of $23.92 and a 52 week high of $33.49. The firm has a 50-day moving average price of $29.04 and a 200 day moving average price of $28.25. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.58.

COPT Defense Properties (NYSE:CDP) last issued its earnings results on Thursday, October 30th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The company had revenue of $178.27 million during the quarter, compared to analysts’ expectations of $187.63 million. During the same period last year, the company posted $0.65 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. COPT Defense Properties has set its FY 2025 guidance at 2.690-2.710 EPS. Q4 2025 guidance at 0.670-0.690 EPS. Equities research analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

About COPT Defense Properties

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.