COPT Defense Properties $CDP Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. cut its holdings in shares of COPT Defense Properties (NYSE:CDP) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,251 shares of the company’s stock after selling 3,743 shares during the period. Resona Asset Management Co. Ltd.’s holdings in COPT Defense Properties were worth $1,256,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP increased its position in 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 boosted 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 acquiring an additional 561 shares during the period. Brooklyn Investment Group grew its stake in shares of COPT Defense Properties by 9,030.4% in the first quarter. Brooklyn Investment Group now owns 2,100 shares of the company’s stock worth $57,000 after purchasing an additional 2,077 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of COPT Defense Properties during the first quarter valued at $74,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of COPT Defense Properties by 810.7% during the second quarter. Hantz Financial Services Inc. now owns 3,415 shares of the company’s stock valued at $94,000 after purchasing an additional 3,040 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of COPT Defense Properties in a report on Wednesday, October 8th. Jefferies Financial Group boosted their price target on shares of COPT Defense Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Evercore ISI reduced their price target on shares of 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. Cantor Fitzgerald started coverage on shares of COPT Defense Properties in a report on Wednesday, October 1st. They issued an “overweight” rating and a $35.00 price objective for the company. Finally, New Street Research set a $33.00 price objective on shares of COPT Defense Properties in a research note on Monday, October 13th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.75.

COPT Defense Properties Price Performance

Shares of COPT Defense Properties stock opened at $28.92 on Tuesday. COPT Defense Properties has a 52 week low of $23.92 and a 52 week high of $33.49. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.58. The stock has a market cap of $3.27 billion, a PE ratio of 22.59 and a beta of 0.93. The company’s 50-day moving average price is $29.06 and its two-hundred day moving average price is $28.22.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $187.63 million. During the same quarter in the previous year, the company posted $0.65 EPS. The business’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. As a group, sell-side analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th were given a $0.305 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.22 annualized dividend and a yield of 4.2%. COPT Defense Properties’s payout ratio is 91.73%.

Insider Activity

In other COPT Defense Properties news, Director Lisa G. Trimberger sold 4,896 shares of the company’s stock in a transaction 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 transaction, the director owned 20,287 shares of the company’s stock, valued at approximately $623,216.64. This represents a 19.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

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.