COPT Defense Properties $CDP Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of COPT Defense Properties (NYSE:CDP) by 4.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 80,811 shares of the company’s stock after buying an additional 3,742 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in COPT Defense Properties were worth $2,229,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CDP. Jennison Associates LLC grew its stake in shares of COPT Defense Properties by 58.9% during the first quarter. Jennison Associates LLC now owns 75,997 shares of the company’s stock valued at $2,072,000 after acquiring an additional 28,160 shares in the last quarter. Gallacher Capital Management LLC purchased a new position in COPT Defense Properties in the first quarter valued at about $201,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in COPT Defense Properties in the first quarter valued at about $3,338,000. KLP Kapitalforvaltning AS grew its stake in COPT Defense Properties by 38.2% during the 1st quarter. KLP Kapitalforvaltning AS now owns 31,100 shares of the company’s stock valued at $856,000 after purchasing an additional 8,600 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in COPT Defense Properties by 2.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,707 shares of the company’s stock worth $2,201,000 after purchasing an additional 1,866 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CDP shares. Cantor Fitzgerald began coverage on COPT Defense Properties in a research note on Wednesday, October 1st. They set an “overweight” rating and a $35.00 target price for the company. New Street Research set a $33.00 price objective on shares of COPT Defense Properties in a research note on Monday, October 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of COPT Defense Properties in a report on Wednesday, October 8th. Evercore ISI cut their target price on shares of COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of COPT Defense Properties from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 17th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.75.

Insider Transactions at COPT Defense Properties

In other COPT Defense Properties news, Director Lisa G. Trimberger sold 4,896 shares of COPT Defense Properties stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $30.72, for a total value of $150,405.12. Following the completion of the transaction, the director directly owned 20,287 shares in the company, valued at $623,216.64. The trade was a 19.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.42% of the stock is owned by corporate insiders.

COPT Defense Properties Stock Performance

COPT Defense Properties stock opened at $28.80 on Friday. The company has a market cap of $3.26 billion, a PE ratio of 22.50 and a beta of 0.93. The company has a fifty day moving average price of $29.01 and a two-hundred day moving average price of $28.25. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.96 and a quick ratio of 2.96. COPT Defense Properties has a 12 month low of $23.92 and a 12 month high of $33.49.

COPT Defense Properties (NYSE:CDP) last issued its earnings results on Thursday, October 30th. The company reported $0.69 earnings per share for the quarter, topping 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 $188.80 million for the quarter, compared to analysts’ expectations of $187.63 million. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s 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. Research analysts expect 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 will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.305 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.22 annualized dividend and a yield of 4.2%. COPT Defense Properties’s dividend payout ratio is 91.73%.

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.