Jennison Associates LLC Has $1.84 Million Stock Holdings in COPT Defense Properties $CDP

Jennison Associates LLC trimmed its position in shares of COPT Defense Properties (NYSE:CDP) by 18.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,248 shares of the company’s stock after selling 13,774 shares during the quarter. Jennison Associates LLC owned 0.05% of COPT Defense Properties worth $1,844,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of COPT Defense Properties in the 4th quarter valued at $39,685,000. Two Sigma Investments LP lifted its holdings in COPT Defense Properties by 289.9% during the third quarter. Two Sigma Investments LP now owns 900,047 shares of the company’s stock worth $26,155,000 after acquiring an additional 669,181 shares in the last quarter. Balyasny Asset Management L.P. grew 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 acquiring an additional 647,449 shares during the period. Ameriprise Financial Inc. grew 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 acquiring an additional 604,670 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of COPT Defense Properties by 60.0% in the second quarter. AQR Capital Management LLC now owns 1,472,046 shares of the company’s stock worth $40,393,000 after acquiring an additional 551,863 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on COPT Defense Properties from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Cantor Fitzgerald restated an “overweight” rating and set a $37.00 target price on shares of COPT Defense Properties in a report on Thursday, June 25th. Evercore reaffirmed an “outperform” rating and issued a $41.00 price target on shares of COPT Defense Properties in a research note on Monday, July 6th. Weiss Ratings reissued a “buy (b)” rating on shares of COPT Defense Properties in a research report on Friday, July 17th. Finally, Truist Financial raised their price objective on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Monday, June 8th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.38.

Insider Buying and Selling at COPT Defense Properties

In other news, Director Robert L. Denton sold 3,922 shares of COPT Defense Properties stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $32.38, for a total value of $126,994.36. Following the sale, the director directly owned 3,803 shares in the company, valued at $123,141.14. This trade represents a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is owned by corporate insiders.

COPT Defense Properties Stock Performance

Shares of COPT Defense Properties stock opened at $37.34 on Thursday. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.85 and a quick ratio of 2.85. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 27.05 and a beta of 0.76. The stock’s 50-day moving average is $34.45 and its 200-day moving average is $32.42. COPT Defense Properties has a one year low of $26.91 and a one year high of $38.06.

COPT Defense Properties (NYSE:CDP) last posted 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). COPT Defense Properties had a return on equity of 10.02% and a net margin of 20.10%.The firm had revenue of $200.64 million for the quarter, compared to the consensus estimate of $185.10 million. During the same quarter in the previous year, the business posted $0.65 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. 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. Equities analysts predict that COPT Defense Properties will post 2.78 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

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

COPT Defense Properties 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.