Davis Selected Advisers Makes New Investment in COPT Defense Properties $CDP

Davis Selected Advisers bought a new position in shares of COPT Defense Properties (NYSE:CDP) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 147,490 shares of the company’s stock, valued at approximately $4,068,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC bought a new position in COPT Defense Properties in the 1st quarter worth approximately $52,679,000. Westwood Holdings Group Inc. increased its stake in shares of COPT Defense Properties by 25.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,627,108 shares of the company’s stock valued at $98,911,000 after buying an additional 741,765 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of COPT Defense Properties during the first quarter worth $19,737,000. Alliancebernstein L.P. lifted its stake in shares of COPT Defense Properties by 9.4% during the first quarter. Alliancebernstein L.P. now owns 6,834,820 shares of the company’s stock valued at $186,386,000 after acquiring an additional 586,966 shares during the period. Finally, Woodline Partners LP boosted its holdings in COPT Defense Properties by 130.6% in the first quarter. Woodline Partners LP now owns 729,014 shares of the company’s stock valued at $19,880,000 after acquiring an additional 412,857 shares during the last quarter.

COPT Defense Properties Stock Down 0.9%

Shares of NYSE CDP opened at $28.80 on Friday. COPT Defense Properties has a 52-week low of $23.92 and a 52-week high of $33.49. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.96 and a current ratio of 2.96. The stock has a market cap of $3.26 billion, a P/E ratio of 22.50 and a beta of 0.93. The firm has a 50 day moving average price of $29.01 and a 200 day moving average price of $28.25.

COPT Defense Properties (NYSE:CDP) last posted its earnings results on Thursday, October 30th. The company reported $0.69 earnings per share 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 $188.80 million for the quarter, compared to analyst estimates of $187.63 million. During the same period last year, the business posted $0.65 earnings per share. The business’s revenue for the quarter 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. Analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, December 31st. COPT Defense Properties’s payout ratio is presently 91.73%.

Insider Activity

In other COPT Defense Properties news, Director Lisa G. Trimberger sold 3,000 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $30.52, for a total value of $91,560.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.42% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on CDP. Jefferies Financial Group lifted their price objective on COPT Defense Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of COPT Defense Properties in a research report on Wednesday, October 8th. Evercore ISI cut their price objective on shares of COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, September 29th. New Street Research set a $33.00 price objective on shares of COPT Defense Properties in a research note on Monday, October 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of COPT Defense Properties from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, September 17th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, COPT Defense Properties currently has a consensus rating of “Moderate Buy” and an average price target of $33.75.

COPT Defense Properties Profile

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.