Davis Selected Advisers Acquires 154,630 Shares of COPT Defense Properties $CDP

Davis Selected Advisers raised its stake in shares of COPT Defense Properties (NYSE:CDP) by 104.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 302,120 shares of the company’s stock after acquiring an additional 154,630 shares during the period. Davis Selected Advisers owned approximately 0.27% of COPT Defense Properties worth $8,780,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Financial Consulate Inc. purchased a new position in shares of COPT Defense Properties during the third quarter valued at approximately $39,000. EverSource Wealth Advisors LLC boosted its holdings in COPT Defense Properties by 1,176.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock worth $46,000 after purchasing an additional 1,553 shares during the last quarter. GAMMA Investing LLC boosted its holdings in COPT Defense Properties by 31.2% in the third quarter. GAMMA Investing LLC now owns 1,973 shares of the company’s stock worth $57,000 after purchasing an additional 469 shares during the last quarter. Osaic Holdings Inc. grew its position in COPT Defense Properties by 59.6% in the 2nd quarter. Osaic Holdings Inc. now owns 3,193 shares of the company’s stock worth $88,000 after purchasing an additional 1,192 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in COPT Defense Properties by 45.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 4,975 shares of the company’s stock valued at $145,000 after buying an additional 1,560 shares during the last quarter.

Insider Activity

In other news, Director Philip L. Hawkins sold 5,536 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $32.71, for a total transaction of $181,082.56. Following the sale, the director directly owned 15,188 shares in the company, valued at $496,799.48. This trade represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CDP shares. Evercore reissued an “outperform” rating on shares of COPT Defense Properties in a report on Friday, February 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of COPT Defense Properties in a research report on Wednesday, January 21st. Wells Fargo & Company increased 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. Citigroup raised their target price on COPT Defense Properties from $29.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Finally, Truist Financial boosted their price target on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, COPT Defense Properties presently has an average rating of “Moderate Buy” and an average price target of $33.88.

COPT Defense Properties Stock Down 0.7%

NYSE CDP opened at $31.66 on Thursday. COPT Defense Properties has a 52 week low of $23.92 and a 52 week high of $32.82. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $3.58 billion, a P/E ratio of 23.45 and a beta of 0.86. The stock’s 50-day moving average price is $31.35 and its 200-day moving average price is $29.87.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. COPT Defense Properties had a return on equity of 9.82% and a net margin of 19.94%.The company had revenue of $197.36 million during the quarter, compared to the consensus estimate of $188.79 million. During the same period in the previous year, the company posted $0.65 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. 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 company also recently disclosed 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 represents a $1.28 dividend on an annualized basis and a dividend yield of 4.0%. 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. COPT Defense Properties’s dividend payout ratio is currently 90.37%.

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.