Jennison Associates LLC Sells 13,774 Shares of COPT Defense Properties $CDP

Jennison Associates LLC trimmed its holdings in shares of COPT Defense Properties (NYSE:CDP) by 18.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,248 shares of the company’s stock after selling 13,774 shares during the period. Jennison Associates LLC’s holdings in COPT Defense Properties were worth $1,844,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Los Angeles Capital Management LLC acquired a new stake in shares of COPT Defense Properties in the fourth quarter valued at about $27,000. EverSource Wealth Advisors LLC boosted its position in COPT Defense Properties by 1,176.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock valued at $46,000 after purchasing an additional 1,553 shares during the last quarter. Optima Capital LLC acquired a new position in COPT Defense Properties during the fourth quarter valued at approximately $63,000. Caitong International Asset Management Co. Ltd grew its stake in COPT Defense Properties by 283.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,173 shares of the company’s stock valued at $88,000 after purchasing an additional 2,346 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in COPT Defense Properties by 59.6% in the second quarter. Osaic Holdings Inc. now owns 3,193 shares of the company’s stock valued at $88,000 after purchasing an additional 1,192 shares in the last quarter.

Insider Buying and Selling

In other COPT Defense Properties news, Director Robert L. Denton sold 3,922 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $32.38, for a total value of $126,994.36. Following the transaction, the director directly owned 3,803 shares of the company’s stock, valued at $123,141.14. This represents a 50.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.66% of the company’s stock.

COPT Defense Properties Price Performance

Shares of NYSE CDP opened at $37.34 on Thursday. The business’s 50 day moving average price is $34.45 and its two-hundred day moving average price is $32.42. The company has a market cap of $4.23 billion, a PE ratio of 27.05 and a beta of 0.76. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 1.63. COPT Defense Properties has a twelve month low of $26.91 and a twelve month high of $38.06.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data on Monday, April 27th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.34). COPT Defense Properties had a net margin of 20.10% and a return on equity of 10.02%. The business had revenue of $200.64 million during the quarter, compared to the consensus estimate of $185.10 million. During the same quarter in the prior year, the company earned $0.65 EPS. COPT Defense Properties’s quarterly revenue was up 6.8% on a year-over-year basis. 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. On average, analysts predict that COPT Defense Properties will post 2.78 EPS for the current year.

COPT Defense Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.28 annualized dividend and a dividend yield of 3.4%. COPT Defense Properties’s payout ratio is presently 92.75%.

Analyst Ratings Changes

CDP has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on COPT Defense Properties from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Wells Fargo & Company increased their price objective on COPT Defense Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Weiss Ratings reissued a “buy (b)” rating on shares of COPT Defense Properties in a research note on Friday, July 17th. Evercore restated an “outperform” rating and set a $41.00 target price on shares of COPT Defense Properties in a report on Monday, July 6th. Finally, Truist Financial upped their price target on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Monday, June 8th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, COPT Defense Properties presently has an average rating of “Moderate Buy” and an average price target of $35.38.

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.