Sumitomo Mitsui Trust Group Inc. Has $17.78 Million Stock Holdings in COPT Defense Properties $CDP

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of COPT Defense Properties (NYSE:CDP) by 24.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 611,952 shares of the company’s stock after selling 201,441 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in COPT Defense Properties were worth $17,783,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Financial Consulate Inc. acquired a new stake in COPT Defense Properties during the third quarter worth approximately $39,000. GAMMA Investing LLC increased its stake in shares of COPT Defense Properties by 59.5% during the second 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 period. EverSource Wealth Advisors LLC increased its stake in shares of COPT Defense Properties by 1,176.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock worth $46,000 after purchasing an additional 1,553 shares during the period. Osaic Holdings Inc. lifted its holdings in COPT Defense Properties by 59.6% during the 2nd quarter. Osaic Holdings Inc. now owns 3,193 shares of the company’s stock worth $88,000 after purchasing an additional 1,192 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in COPT Defense Properties by 810.7% in the 2nd 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

CDP has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of COPT Defense Properties in a report on Wednesday, October 8th. Evercore ISI lowered their price target on shares of COPT Defense Properties from $35.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Truist Financial boosted their price objective on shares of COPT Defense Properties from $30.00 to $31.00 and gave the company a “hold” rating in a report on Monday, December 15th. Wells Fargo & Company raised their target price on shares of COPT Defense Properties from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Finally, Cantor Fitzgerald set a $33.00 price target on shares of COPT Defense Properties in a research report on Monday, January 5th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, COPT Defense Properties has an average rating of “Moderate Buy” and an average target price of $32.86.

COPT Defense Properties Trading Up 2.1%

Shares of CDP opened at $30.82 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.34 and a current ratio of 2.34. COPT Defense Properties has a 52-week low of $23.92 and a 52-week high of $31.24. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 23.17 and a beta of 0.86. The business’s fifty day moving average is $29.22 and its 200-day moving average is $28.82.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. COPT Defense Properties had a return on equity of 9.71% and a net margin of 19.99%.The business had revenue of $188.80 million for the quarter, compared to analyst estimates of $187.63 million. During the same period last year, the firm posted $0.65 earnings per share. COPT Defense Properties’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 and its Q4 2025 guidance at 0.670-0.690 EPS. Equities analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Wednesday, December 31st. COPT Defense Properties’s dividend payout ratio (DPR) is presently 91.73%.

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.