Bank of New York Mellon Corp Raises Stock Position in COPT Defense Properties $CDP

Bank of New York Mellon Corp raised its position in COPT Defense Properties (NYSE:CDP) by 21.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,382,445 shares of the company’s stock after purchasing an additional 245,433 shares during the quarter. Bank of New York Mellon Corp owned about 1.22% of COPT Defense Properties worth $38,128,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CDP. Quarry LP lifted its stake in shares of 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 purchasing an additional 599 shares during the last quarter. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 561 shares during the last quarter. Brooklyn Investment Group raised its holdings in COPT Defense Properties by 9,030.4% in the 1st quarter. Brooklyn Investment Group now owns 2,100 shares of the company’s stock valued at $57,000 after buying an additional 2,077 shares during the period. Headlands Technologies LLC acquired a new position in COPT Defense Properties in the first quarter valued at about $74,000. Finally, Hantz Financial Services Inc. boosted its stake in COPT Defense Properties by 810.7% during the second quarter. Hantz Financial Services Inc. now owns 3,415 shares of the company’s stock worth $94,000 after buying an additional 3,040 shares during the period.

COPT Defense Properties Price Performance

CDP stock opened at $29.07 on Thursday. The business’s 50-day moving average is $29.04 and its two-hundred day moving average is $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. The firm has a market capitalization of $3.29 billion, a P/E ratio of 22.71 and a beta of 0.93. COPT Defense Properties has a 1 year low of $23.92 and a 1 year 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, beating 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 firm had revenue of $178.27 million for the quarter, compared to analysts’ expectations of $187.63 million. During the same quarter last 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. Analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other COPT Defense Properties news, Director Lisa G. Trimberger sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $30.52, for a total value of $91,560.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.42% of the stock is currently owned by corporate insiders.

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.