Mitsubishi UFJ Asset Management Co. Ltd. Raises Position in COPT Defense Properties $CDP

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of COPT Defense Properties (NYSE:CDP) by 4.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,811 shares of the company’s stock after purchasing an additional 3,742 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of COPT Defense Properties worth $2,229,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in COPT Defense Properties by 102.0% in the 1st quarter. Quarry LP now owns 1,186 shares of the company’s stock worth $32,000 after buying an additional 599 shares during the last quarter. GAMMA Investing LLC increased its stake 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 valued at $41,000 after acquiring an additional 561 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of COPT Defense Properties by 9,030.4% during the 1st quarter. Brooklyn Investment Group now owns 2,100 shares of the company’s stock worth $57,000 after acquiring an additional 2,077 shares during the period. Headlands Technologies LLC acquired a new stake in shares of COPT Defense Properties in the first quarter worth approximately $74,000. Finally, Hantz Financial Services Inc. boosted its position in shares of COPT Defense Properties by 810.7% in the second quarter. Hantz Financial Services Inc. now owns 3,415 shares of the company’s stock worth $94,000 after acquiring an additional 3,040 shares during the last quarter.

Analyst Ratings Changes

CDP has been the subject of several research analyst reports. Cantor Fitzgerald started coverage on shares of COPT Defense Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $35.00 price target for the company. Jefferies Financial Group upped their price objective on COPT Defense Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of COPT Defense Properties in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on COPT Defense Properties from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, September 17th. Finally, Evercore ISI dropped their price target on 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. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, COPT Defense Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.75.

Insider Activity at COPT Defense Properties

In related news, Director Lisa G. Trimberger sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $30.52, for a total transaction of $91,560.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.42% of the company’s stock.

COPT Defense Properties Stock Performance

NYSE:CDP opened at $28.80 on Friday. 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 firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 22.50 and a beta of 0.93. The firm’s fifty day simple moving average is $29.01 and its 200 day simple moving average is $28.25. COPT Defense Properties has a twelve month low of $23.92 and a twelve month high of $33.49.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. COPT Defense Properties had a return on equity of 9.38% and a net margin of 19.23%.The firm had revenue of $188.80 million during the quarter, compared to the consensus estimate of $187.63 million. During the same period in the prior year, the firm earned $0.65 EPS. The firm’s quarterly 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, equities research analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

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

COPT Defense Properties Company 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.