Renaissance Technologies LLC boosted its stake in COPT Defense Properties (NYSE:CDP – Free Report) by 81.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 253,900 shares of the company’s stock after buying an additional 113,819 shares during the period. Renaissance Technologies LLC’s holdings in COPT Defense Properties were worth $7,769,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CDP. Dimensional Fund Advisors LP raised its position in shares of COPT Defense Properties by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,682,296 shares of the company’s stock worth $51,480,000 after acquiring an additional 25,026 shares in the last quarter. Swiss National Bank grew its stake in COPT Defense Properties by 0.6% in the first quarter. Swiss National Bank now owns 224,000 shares of the company’s stock worth $6,854,000 after purchasing an additional 1,300 shares during the period. Bank of New York Mellon Corp grew its stake in COPT Defense Properties by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 1,317,391 shares of the company’s stock worth $40,312,000 after purchasing an additional 18,758 shares during the period. State of Michigan Retirement System raised its holdings in COPT Defense Properties by 1.9% in the first quarter. State of Michigan Retirement System now owns 27,213 shares of the company’s stock worth $833,000 after purchasing an additional 500 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in COPT Defense Properties by 21.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 79,592 shares of the company’s stock worth $2,436,000 after purchasing an additional 14,318 shares in the last quarter.
Insiders Place Their Bets
In other COPT Defense Properties news, Director Robert L. Denton sold 3,922 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $32.38, for a total value of $126,994.36. Following the completion of the transaction, the director owned 3,803 shares of the company’s stock, valued at approximately $123,141.14. The trade was a 50.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.66% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Stock Report on COPT Defense Properties
COPT Defense Properties Stock Performance
Shares of CDP opened at $37.66 on Tuesday. The business’s fifty day simple moving average is $35.42 and its two-hundred day simple moving average is $32.94. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.64. COPT Defense Properties has a 12 month low of $27.06 and a 12 month high of $38.90. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 26.15 and a beta of 0.76.
COPT Defense Properties (NYSE:CDP – Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.07. COPT Defense Properties had a return on equity of 10.48% and a net margin of 20.94%.The firm had revenue of $197.39 million during the quarter, compared to analysts’ expectations of $189.36 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. COPT Defense Properties has set its FY 2026 guidance at 1.390-1.430 EPS and its Q3 2026 guidance at 0.370-0.390 EPS. Research analysts anticipate that COPT Defense Properties will post 2.78 earnings per share for the current fiscal year.
COPT Defense Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, June 30th. COPT Defense Properties’s dividend payout ratio (DPR) is presently 88.89%.
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.
Featured Articles
- Five stocks we like better than COPT Defense Properties
- SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control
- Why Rare Earth Processing Could Be the Real 2027 Opportunity
- The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure
- TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?
Want to see what other hedge funds are holding CDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for COPT Defense Properties (NYSE:CDP – Free Report).
Receive News & Ratings for COPT Defense Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for COPT Defense Properties and related companies with MarketBeat.com's FREE daily email newsletter.
