PNC Financial Services Group Inc. Grows Holdings in COPT Defense Properties $CDP

PNC Financial Services Group Inc. lifted its stake in shares of COPT Defense Properties (NYSE:CDP) by 28.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,371 shares of the company’s stock after acquiring an additional 964 shares during the period. PNC Financial Services Group Inc.’s holdings in COPT Defense Properties were worth $119,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. UMB Bank n.a. lifted its holdings in shares of COPT Defense Properties by 321.7% during the 1st quarter. UMB Bank n.a. now owns 1,071 shares of the company’s stock worth $29,000 after acquiring an additional 817 shares during the period. GF Fund Management CO. LTD. purchased a new position in shares of COPT Defense Properties during the 4th quarter worth about $63,000. US Bancorp DE lifted its holdings in shares of COPT Defense Properties by 114.0% during the 1st quarter. US Bancorp DE now owns 3,770 shares of the company’s stock worth $103,000 after acquiring an additional 2,008 shares during the period. Central Pacific Bank Trust Division lifted its holdings in shares of COPT Defense Properties by 10.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 6,854 shares of the company’s stock worth $187,000 after acquiring an additional 660 shares during the period. Finally, FJ Capital Management LLC purchased a new position in shares of COPT Defense Properties during the 4th quarter worth about $222,000.

COPT Defense Properties Trading Up 1.7%

NYSE CDP opened at $28.0560 on Wednesday. COPT Defense Properties has a one year low of $23.92 and a one year high of $34.22. The company’s 50 day moving average price is $28.07 and its 200 day moving average price is $27.37. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.96 and a current ratio of 2.96. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 21.92 and a beta of 0.87.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.68 EPS for the quarter, beating 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 firm had revenue of $175.60 million for the quarter, compared to analyst estimates of $186.55 million. During the same quarter last year, the firm posted $0.64 earnings per share. COPT Defense Properties’s revenue for the quarter was up 1.4% compared to the same quarter last year. COPT Defense Properties has set its Q3 2025 guidance at 0.660-0.680 EPS. FY 2025 guidance at 2.650-2.690 EPS. On average, sell-side analysts predict that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be issued a $0.305 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.22 annualized dividend and a yield of 4.3%. COPT Defense Properties’s dividend payout ratio (DPR) is presently 95.31%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut their price objective on shares of COPT Defense Properties from $36.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.17.

About COPT Defense Properties

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.