COPT Defense Properties (NYSE:CDP) Director Lisa Trimberger Sells 4,896 Shares

COPT Defense Properties (NYSE:CDP - Get Free Report) Director Lisa Trimberger sold 4,896 shares of the stock in a transaction that occurred on 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 transaction, the director owned 20,287 shares in the company, valued at $623,216.64. The trade was a 19.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

COPT Defense Properties Stock Performance

CDP traded up $0.47 during trading on Thursday, hitting $30.92. The company's stock had a trading volume of 801,065 shares, compared to its average volume of 958,096. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.58. COPT Defense Properties has a one year low of $23.92 and a one year high of $34.22. The firm has a market cap of $3.49 billion, a PE ratio of 24.16 and a beta of 0.93. The business's 50 day simple moving average is $28.62 and its 200-day simple moving average is $27.63.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 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 $175.60 million for the quarter, compared to the consensus estimate of $186.55 million. During the same period last year, the firm earned $0.64 earnings per share. The company's quarterly revenue was up 1.4% on a year-over-year basis. COPT Defense Properties has set its Q3 2025 guidance at 0.660-0.680 EPS. FY 2025 guidance at 2.650-2.690 EPS. As a group, sell-side analysts predict that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 30th. COPT Defense Properties's dividend payout ratio (DPR) is presently 95.31%.

Institutional Trading of COPT Defense Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. increased its holdings in COPT Defense Properties by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 7,241,437 shares of the company's stock valued at $199,719,000 after acquiring an additional 406,617 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in shares of COPT Defense Properties by 25.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,627,108 shares of the company's stock worth $98,911,000 after buying an additional 741,765 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of COPT Defense Properties by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 3,101,692 shares of the company's stock worth $85,553,000 after buying an additional 45,375 shares in the last quarter. Bank of America Corp DE grew its stake in shares of COPT Defense Properties by 5.4% in the 2nd quarter. Bank of America Corp DE now owns 2,577,065 shares of the company's stock worth $71,075,000 after buying an additional 131,287 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of COPT Defense Properties by 2.5% in the 2nd quarter. Sei Investments Co. now owns 2,194,240 shares of the company's stock worth $60,517,000 after buying an additional 52,981 shares in the last quarter.

Analyst Ratings Changes

CDP has been the topic of several recent analyst reports. Evercore ISI raised their price objective on shares of COPT Defense Properties from $34.00 to $36.00 and gave the company an "outperform" rating in a research report on Monday. JPMorgan Chase & Co. raised their price objective on shares of COPT Defense Properties from $30.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, COPT Defense Properties has a consensus rating of "Moderate Buy" and a consensus target price of $33.50.

Read Our Latest Report on COPT Defense Properties

COPT Defense Properties Company 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.

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