Nordea Investment Management AB Grows Stock Holdings in COPT Defense Properties $CDP

Nordea Investment Management AB raised its holdings in COPT Defense Properties (NYSE:CDP) by 4.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 393,117 shares of the company’s stock after acquiring an additional 17,418 shares during the period. Nordea Investment Management AB’s holdings in COPT Defense Properties were worth $11,361,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Financial Consulate Inc. purchased a new stake in shares of COPT Defense Properties in the third quarter valued at $39,000. GAMMA Investing LLC boosted its stake in COPT Defense Properties by 59.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,504 shares of the company’s stock worth $41,000 after buying an additional 561 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in COPT Defense Properties by 1,176.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock valued at $46,000 after buying an additional 1,553 shares during the period. Osaic Holdings Inc. increased its stake in shares of COPT Defense Properties by 59.6% during the 2nd quarter. Osaic Holdings Inc. now owns 3,193 shares of the company’s stock valued at $88,000 after acquiring an additional 1,192 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of COPT Defense Properties by 810.7% during the 2nd 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 period.

COPT Defense Properties Stock Performance

NYSE:CDP opened at $30.82 on Friday. The firm’s fifty day simple moving average is $29.22 and its 200 day simple moving average is $28.81. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.57. COPT Defense Properties has a twelve month low of $23.92 and a twelve month high of $31.24. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 23.17 and a beta of 0.86.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $188.80 million for the quarter, compared to analyst estimates of $187.63 million. COPT Defense Properties had a return on equity of 9.71% and a net margin of 19.99%.The firm’s revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $0.65 earnings per share. 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. 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 was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend 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%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CDP shares. Jefferies Financial Group boosted their target price on shares of COPT Defense Properties from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, October 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of COPT Defense Properties in a research note on Wednesday, October 8th. New Street Research set a $33.00 target price on COPT Defense Properties in a research report on Monday, October 13th. Evercore ISI reduced their target price on COPT Defense Properties from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Finally, Truist Financial upped their price target on COPT Defense Properties from $30.00 to $31.00 and gave the stock a “hold” rating in a research note on Monday, December 15th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, COPT Defense Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.86.

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.