Nisa Investment Advisors LLC Sells 6,340 Shares of COPT Defense Properties $CDP

Nisa Investment Advisors LLC lowered its holdings in COPT Defense Properties (NYSE:CDP) by 24.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 19,265 shares of the company’s stock after selling 6,340 shares during the quarter. Nisa Investment Advisors LLC’s holdings in COPT Defense Properties were worth $539,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV boosted its stake in shares of COPT Defense Properties by 2.4% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 16,997 shares of the company’s stock valued at $464,000 after purchasing an additional 397 shares in the last quarter. GAMMA Investing LLC lifted its holdings in COPT Defense Properties by 59.5% during the second 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 period. Exchange Traded Concepts LLC lifted its holdings in COPT Defense Properties by 2.0% during the second quarter. Exchange Traded Concepts LLC now owns 30,266 shares of the company’s stock worth $835,000 after buying an additional 580 shares during the period. Quarry LP boosted its position in COPT Defense Properties by 102.0% during the 1st quarter. Quarry LP now owns 1,186 shares of the company’s stock valued at $32,000 after acquiring an additional 599 shares in the last quarter. Finally, State of Wyoming boosted its position in COPT Defense Properties by 5.1% during the 1st quarter. State of Wyoming now owns 14,048 shares of the company’s stock valued at $383,000 after acquiring an additional 683 shares in the last quarter.

COPT Defense Properties Stock Up 3.0%

CDP stock opened at $28.15 on Friday. The stock has a market capitalization of $3.18 billion, a PE ratio of 21.99 and a beta of 0.94. COPT Defense Properties has a 52 week low of $23.92 and a 52 week high of $34.22. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.58. The firm has a 50 day moving average of $29.06 and a 200 day moving average of $28.11.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The business had revenue of $178.27 million during the quarter, compared to analysts’ expectations of $187.63 million. During the same quarter last year, the company posted $0.65 earnings per share. The business’s quarterly revenue was down .2% on a year-over-year basis. COPT Defense Properties has set its FY 2025 guidance at 2.690-2.710 EPS. Q4 2025 guidance at 0.670-0.690 EPS. Sell-side analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Tuesday, September 30th were paid a $0.305 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.22 dividend on an annualized basis and a yield of 4.3%. COPT Defense Properties’s dividend payout ratio (DPR) is 91.73%.

Analyst Ratings Changes

Several research analysts have recently commented on CDP shares. Cantor Fitzgerald initiated coverage on COPT Defense Properties in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $35.00 price target for the company. JPMorgan Chase & Co. lifted their target price on COPT Defense Properties from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, September 17th. Evercore ISI reduced their target price on shares of COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, September 29th. Weiss Ratings restated a “buy (b-)” rating on shares of COPT Defense Properties in a report on Wednesday, October 8th. Finally, Jefferies Financial Group lifted their price objective on shares of COPT Defense Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.75.

Insider Transactions at COPT Defense Properties

In other COPT Defense Properties news, Director Lisa G. Trimberger sold 4,896 shares of COPT Defense Properties stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $30.72, for a total transaction of $150,405.12. Following the completion of the sale, the director owned 20,287 shares of the company’s stock, valued at approximately $623,216.64. The trade was a 19.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.42% of the stock is owned by company insiders.

COPT Defense Properties Profile

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.