Allworth Financial LP Decreases Stock Position in COPT Defense Properties $CDP

Allworth Financial LP reduced its position in COPT Defense Properties (NYSE:CDP) by 47.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,463 shares of the company’s stock after selling 20,684 shares during the quarter. Allworth Financial LP’s holdings in COPT Defense Properties were worth $624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CDP. UBS Group AG grew its position in COPT Defense Properties by 229.6% during the fourth quarter. UBS Group AG now owns 457,210 shares of the company’s stock worth $12,710,000 after buying an additional 318,493 shares in the last quarter. Picton Mahoney Asset Management grew its position in COPT Defense Properties by 83,723.7% during the third quarter. Picton Mahoney Asset Management now owns 31,853 shares of the company’s stock worth $924,000 after buying an additional 31,815 shares in the last quarter. Allianz Asset Management GmbH grew its position in COPT Defense Properties by 31.9% during the third quarter. Allianz Asset Management GmbH now owns 461,797 shares of the company’s stock worth $13,420,000 after buying an additional 111,696 shares in the last quarter. Channing Capital Management LLC grew its position in COPT Defense Properties by 21.0% during the third quarter. Channing Capital Management LLC now owns 2,913,596 shares of the company’s stock worth $84,669,000 after buying an additional 506,593 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in COPT Defense Properties during the third quarter worth about $1,203,000.

COPT Defense Properties Stock Up 0.3%

CDP stock opened at $31.89 on Wednesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.85 and a current ratio of 2.85. The business’s 50 day moving average price is $31.70 and its two-hundred day moving average price is $30.61. COPT Defense Properties has a fifty-two week low of $26.65 and a fifty-two week high of $33.29. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 23.11 and a beta of 0.80.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.34 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 company had revenue of $200.64 million during the quarter, compared to the consensus estimate of $185.10 million. During the same period in the prior year, the firm earned $0.65 earnings per share. The business’s revenue for the quarter 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. As a group, analysts forecast that COPT Defense Properties will post 2.78 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th. COPT Defense Properties’s payout ratio is currently 92.75%.

Insider Activity at COPT Defense Properties

In other news, Director Philip L. Hawkins sold 5,536 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $32.71, for a total value of $181,082.56. Following the sale, the director directly owned 15,188 shares of the company’s stock, valued at $496,799.48. The trade was a 26.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Truist Financial boosted their target price on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Cantor Fitzgerald restated an “overweight” rating and set a $37.00 price target on shares of COPT Defense Properties in a report on Wednesday, April 29th. JPMorgan Chase & Co. upped their target price on COPT Defense Properties from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Weiss Ratings upgraded COPT Defense Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. Finally, Citigroup upped their target price on COPT Defense Properties from $29.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.50.

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.