Neo Ivy Capital Management Takes Position in COPT Defense Properties $CDP

Neo Ivy Capital Management purchased a new position in COPT Defense Properties (NYSE:CDP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,712 shares of the company’s stock, valued at approximately $602,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in COPT Defense Properties during the 2nd quarter valued at about $39,371,000. AQR Capital Management LLC lifted its stake in COPT Defense Properties by 60.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,472,046 shares of the company’s stock worth $40,393,000 after purchasing an additional 551,863 shares in the last quarter. Channing Capital Management LLC boosted its holdings in shares of COPT Defense Properties by 21.0% during the 3rd quarter. Channing Capital Management LLC now owns 2,913,596 shares of the company’s stock worth $84,669,000 after purchasing an additional 506,593 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of COPT Defense Properties by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 7,241,437 shares of the company’s stock worth $199,719,000 after purchasing an additional 406,617 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its position in shares of COPT Defense Properties by 38.8% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,001,514 shares of the company’s stock valued at $29,104,000 after purchasing an additional 279,790 shares in the last quarter.

Insider Activity at COPT Defense Properties

In other news, Director Philip L. Hawkins sold 5,536 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $32.71, for a total transaction of $181,082.56. Following the completion of the transaction, the director directly owned 15,188 shares in the company, valued at approximately $496,799.48. This represents a 26.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.42% of the stock is currently owned by company insiders.

COPT Defense Properties Stock Down 0.8%

Shares of NYSE CDP opened at $32.10 on Friday. The company has a market capitalization of $3.63 billion, a P/E ratio of 23.78 and a beta of 0.86. The company has a debt-to-equity ratio of 1.77, a current ratio of 3.95 and a quick ratio of 3.95. The company has a 50 day simple moving average of $30.71 and a 200-day simple moving average of $29.68. COPT Defense Properties has a 1 year low of $23.92 and a 1 year high of $32.82.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $197.36 million for the quarter, compared to analysts’ expectations of $188.79 million. COPT Defense Properties had a return on equity of 9.82% and a net margin of 19.94%.The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. COPT Defense Properties has set its FY 2026 guidance at 2.710-2.790 EPS and its Q1 2026 guidance at 0.670-0.690 EPS. On average, equities research analysts predict that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.32 dividend. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.28 annualized dividend and a dividend yield of 4.0%. COPT Defense Properties’s dividend payout ratio is currently 90.37%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Truist Financial lifted their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research report on Tuesday. Wells Fargo & Company upped their target price on COPT Defense Properties from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of COPT Defense Properties in a research note on Wednesday, January 21st. Citigroup lifted their price target on COPT Defense Properties from $29.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Finally, Cantor Fitzgerald boosted their price target on shares of COPT Defense Properties from $33.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, COPT Defense Properties presently has a consensus rating of “Moderate Buy” and an average target price of $33.88.

About COPT Defense Properties

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.