CDPNYSEReal Estate Investment TrustsFiscal year ends December 31
COPT DEFENSE PROPERTIES
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 3, 2026
$32.74−0.55 (-1.65%)
Close on Oct 19, 2026
- Market cap
- $3.76B
- P/E (TTM)
- 22.7
- Dividend yield
- 3.73%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
128M of 113M shares
Institutional holders
326
40 new, 30 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
0 buys · 3 sales
Net sold $1.33M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| AllianceBernstein L.P. | 8,457,373 | 7.50% | 13G (passive) amendment | Sep 30, 2025 |
| JPMorgan Chase & Co | 6,026,027 | 5.30% | 13G (passive) | Jun 30, 2026 |
| Vanguard Capital Management | 6,008,678 | 5.30% | 13G (passive) | Mar 31, 2026 |
| BlackRock, Inc. | 16,648,577 | 14.70% | 13G (passive) amendment | Jun 30, 2025 |
| Vanguard Portfolio Management | 11,531,763 | 10.18% | 13G (passive) | Jan 30, 2026 |
| Barrow Hanley Global Investors 752403190 | – | – | 13G (passive) | Dec 31, 2023 |
| State Street Corporation | – | 6.12% | 13G (passive) amendment | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of CDP | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 19,915,482 | 17.56% | $724.72M | −1,385,296 | 0.01% |
| Vanguard Portfolio Management LLC | 12,076,995 | 10.65% | $439.48M | +217,928 | 0.02% |
| Alliancebernstein L.P. | 8,880,283 | 7.83% | $271.74M | +41,315 | 0.09% |
| State Street Corp | 6,871,138 | 6.06% | $252.14M | +34,561 | 0.01% |
| JPMorgan Chase & Co | 6,080,134 | 5.36% | $222.97M | +1,223,994 | 0.01% |
| Vanguard Capital Management LLC | 5,095,897 | 4.49% | $185.44M | +42,012 | 0.00% |
| Earnest Partners LLC | 4,420,946 | 3.90% | $160.88M | −102,795 | 0.58% |
| Geode Capital Management, LLC | 3,465,042 | 3.06% | $126.11M | +198,766 | 0.01% |
| Channing Capital Management, LLC | 2,891,994 | 2.55% | $105.24M | −89,166 | 2.42% |
| Westwood Holdings Group Inc | 2,840,694 | 2.50% | $103.37M | −405,052 | 0.78% |
| Charles Schwab Investment Management Inc | 2,368,640 | 2.09% | $86.19M | +121,777 | 0.01% |
| Bank Of America Corp /De/ | 2,309,954 | 2.04% | $84.06M | −11,385 | 0.01% |
| Sei Investments Co | 2,204,679 | 1.94% | $80.23M | −87,808 | 0.07% |
| Morgan Stanley | 2,089,769 | 1.84% | $76.05M | −133,731 | 0.00% |
| GRS Advisors, LLC | 1,930,934 | 1.70% | $70.27M | +280,879 | 5.93% |
| Northern Trust Corp | 1,883,872 | 1.66% | $68.55M | +277,512 | 0.01% |
| Principal Financial Group Inc | 1,751,745 | 1.54% | $63.75M | −1,914 | 0.03% |
| Two Sigma Investments, LP | 1,720,245 | 1.52% | $62.60M | −523,935 | 0.05% |
| Goldman Sachs Group Inc | 1,676,030 | 1.48% | $60.99M | +215,884 | 0.01% |
| Dimensional Fund Advisors LP | 1,669,150 | 1.47% | $60.74M | −13,146 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 326 | 128M | 100.0% | 40 / 114 | 109 / 30 | 9M | 8M |
| Q1 2026 | 322 | 127M | 100.0% | 48 / 109 | 112 / 28 | 32M | 11M |
| Q4 2025 | 306 | 123M | 100.0% | 31 / 107 | 127 / 29 | 8M | 10M |
| Q3 2025 | 308 | 125M | 100.0% | 42 / 123 | 108 / 34 | 13M | 9M |
| Q2 2025 | 303 | 121M | 100.0% | 32 / 126 | 112 / 28 | 7M | 7M |
| Q1 2025 | 301 | 121M | 100.0% | 34 / 119 | 102 / 31 | 11M | 9M |
| Q4 2024 | 302 | 120M | 100.0% | 36 / 122 | 107 / 23 | 12M | 12M |
| Q3 2024 | 291 | 120M | 100.0% | 43 / 111 | 104 / 13 | 27M | 6M |
| Q2 2024 | 263 | 118M | 100.0% | 19 / 102 | 111 / 22 | 11M | 11M |
| Q1 2024 | 268 | 118M | 100.0% | 49 / 86 | 98 / 25 | 11M | 12M |
| Q4 2023 | 247 | 119M | 100.0% | 35 / 86 | 91 / 29 | 11M | 10M |
| Q3 2023 | 242 | 118M | 100.0% | 22 / 82 | 104 / 18 | 8M | 5M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of CDP | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Real Estate Index Fund | 4,312,475 | 3.80% | $163.70M | 0.22% | Jul 31, 2026 |
| iShares Core S&P Mid-Cap ETF | 3,858,764 | 3.40% | $140.42M | 0.11% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 3,607,105 | 3.18% | $131.26M | 0.01% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 2,982,341 | 2.63% | $108.53M | 0.13% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 2,602,089 | 2.29% | $94.69M | 0.05% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 1,647,110 | 1.45% | $59.94M | 0.09% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 1,293,554 | 1.14% | $47.07M | 0.05% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 1,275,378 | 1.12% | $48.41M | 0.14% | Jul 31, 2026 |
| Vanguard Strategic Equity Fund | 1,143,636 | 1.01% | $41.62M | 0.34% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 1,098,712 | 0.97% | $39.98M | 0.28% | Jun 30, 2026 |
| AB Discovery Value Fund | 806,090 | 0.71% | $29.33M | 1.14% | Jun 30, 2026 |
| Schwab U.S. REIT ETF | 799,223 | 0.70% | $25.62M | 0.26% | May 31, 2026 |
| Vanguard Real Estate Ii Index Fund | 756,862 | 0.67% | $28.73M | 0.26% | Jul 31, 2026 |
| Touchstone Strategic Trust-Touchstone Small Company Fund | 736,581 | 0.65% | $26.80M | 1.56% | Jun 30, 2026 |
| Dfa Real Estate Securities Portfolio | 618,226 | 0.55% | $23.47M | 0.33% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Stephen E. Budorick | PRESIDENT/CEO, Director | 153,882 | 0.14% | Mar 3, 2026 |
| Britt A. Snider | EVP & COO | 14,203 | 0.01% | Mar 3, 2026 |
| Anthony Mifsud | EVP AND CFO | 67,834 | 0.06% | Mar 3, 2026 |
| Matthew T. Myers | SVP-CAO & CONTROLLER | 8,910 | 0.01% | Mar 3, 2026 |
| Robert L. Denton | Director | 3,803 | 0.00% | Aug 7, 2026 |
| C. Taylor Pickett | Director | 40,188 | 0.04% | Jun 2, 2026 |
| Lisa G. Trimberger | Director | 24,090 | 0.02% | May 18, 2026 |
| Letitia A. Long | Director | 2,707 | 0.00% | May 18, 2026 |
| Essye B. Miller | Director | 15,673 | 0.01% | May 18, 2026 |
| Philip L. Hawkins | Director | 15,188 | 0.01% | May 18, 2026 |
| Raymond Lee Owens | Director | 906 | 0.00% | May 18, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| C. Taylor Pickett Director | May 29, 2026 | Sale | −31,798 | $32.25 | $1.03M | 15,188 |
| Robert L. Denton Director | May 26, 2026 | Sale | −3,922 | $32.38 | $126.99K | 3,803 |
| Lisa G. Trimberger Director | May 14, 2026 | Award | +3,803 | – | – | 24,090 |
| Robert L. Denton Director | May 14, 2026 | Award | +3,803 | – | – | 7,725 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2026 | Tax withholding | −351 | $31.78 | $11.15K | 8,910 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2026 | Tax withholding | −300 | $31.78 | $9.53K | 8,610 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2026 | Tax withholding | −299 | $31.78 | $9.50K | 9,261 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2026 | Award | +2,390 | – | – | 11,000 |
| Anthony Mifsud EVP AND CFO | Mar 1, 2026 | Award | +8,149 | – | – | 67,834 |
| Britt A. Snider EVP & COO | Mar 1, 2026 | Award | +11,203 | – | – | 14,203 |
| Philip L. Hawkins Director | Feb 23, 2026 | Sale | −5,536 | $32.71 | $181.08K | 15,188 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Dec 1, 2025 | Tax withholding | −250 | $30.73 | $7.68K | 9,560 |
| Lisa G. Trimberger Director | Sep 17, 2025 | Sale | −3,000 | $30.52 | $91.56K | 0 |
| Lisa G. Trimberger Director | Sep 17, 2025 | Sale | −4,896 | $30.72 | $150.41K | 20,287 |
| Robert L. Denton Director | May 20, 2025 | Award | +3,922 | – | – | 3,922 |
| Lisa G. Trimberger Director | May 20, 2025 | Award | +3,922 | – | – | 25,183 |
| Essye B. Miller Director | May 20, 2025 | Award | +3,922 | – | – | 15,673 |
| Robert L. Denton Director | May 15, 2025 | Sale | −4,398 | $26.71 | $117.47K | 0 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2025 | Returned to company | −284 | $27.03 | $7.68K | 7,146 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2025 | Award | +2,664 | – | – | 9,810 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2025 | Returned to company | −354 | $27.03 | $9.57K | 7,430 |
| Britt A. Snider EVP & COO | Feb 26, 2025 | Buy | +1,000 | $26.93 | $26.93K | 3,000 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Dec 2, 2024 | Tax withholding | −250 | $32.95 | $8.24K | 8,284 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Dec 2, 2024 | Sale | −500 | $32.32 | $16.16K | 7,784 |
| Stephen E. Budorick PRESIDENT/CEO, Director | Nov 7, 2024 | Sale | −8,854 | $32.54 | $288.11K | 153,882 |
| Stephen E. Budorick PRESIDENT/CEO, Director | Nov 6, 2024 | Sale | −9,000 | $32.64 | $293.76K | 162,736 |
| Stephen E. Budorick PRESIDENT/CEO, Director | Nov 5, 2024 | Sale | −9,000 | $32.41 | $291.69K | 171,736 |
| Stephen E. Budorick PRESIDENT/CEO, Director | Nov 4, 2024 | Sale | −9,000 | $32.38 | $291.42K | 180,736 |
| Britt A. Snider EVP & COO | Sep 10, 2024 | Buy | +1,000 | $29.41 | $29.41K | 2,000 |
| Robert L. Denton Director | May 14, 2024 | Sale | −4,523 | $24.58 | $111.18K | 4,398 |
| Thomas F. Brady Director | May 9, 2024 | Award | +4,398 | – | – | 49,274 |
| Robert L. Denton Director | May 9, 2024 | Award | +4,398 | – | – | 8,921 |
| Essye B. Miller Director | May 9, 2024 | Award | +4,398 | – | – | 11,751 |
| Lisa G. Trimberger Director | May 9, 2024 | Award | +4,398 | – | – | 21,261 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2024 | Award | +2,748 | – | – | 8,534 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2024 | Returned to company | −338 | $24.23 | $8.19K | 5,786 |
| Lisa G. Trimberger Director | Dec 20, 2023 | Sale | −7,357 | $25.48 | $187.46K | 16,863 |
| Britt A. Snider EVP & COO | Dec 19, 2023 | Buy | +1,000 | $25.11 | $25.11K | 1,000 |
| Steven D. Kesler Director | Dec 13, 2023 | Sale | −1,719 | $25.44 | $43.73K | 41,313 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Dec 1, 2023 | Tax withholding | −250 | $24.20 | $6.05K | 6,124 |
| Robert L. Denton Director | May 17, 2023 | Sale | −3,941 | $22.95 | $90.45K | 4,523 |
| Essye B. Miller Director | May 11, 2023 | Award | +4,523 | – | – | 7,353 |
| Steven D. Kesler Director | May 11, 2023 | Award | +4,523 | – | – | 43,032 |
| Lisa G. Trimberger Director | May 11, 2023 | Award | +4,523 | – | – | 24,220 |
| Thomas F. Brady Director | May 11, 2023 | Award | +4,523 | – | – | 44,876 |
| Robert L. Denton Director | May 11, 2023 | Award | +4,523 | – | – | 8,464 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 3, 2023 | Award | +2,624 | – | – | 6,374 |
| Essye B. Miller Director | Oct 3, 2022 | Award | +2,830 | – | – | 2,830 |
| Robert L. Denton Director | May 18, 2022 | Sale | −3,416 | $26.74 | $91.34K | 3,941 |
| Thomas F. Brady Director | May 12, 2022 | Award | +3,941 | – | – | 40,353 |
| Lisa G. Trimberger Director | May 12, 2022 | Award | +3,941 | – | – | 19,697 |
| Steven D. Kesler Director | May 12, 2022 | Award | +3,941 | – | – | 38,509 |
| Robert L. Denton Director | May 12, 2022 | Award | +3,941 | – | – | 7,357 |
| Greg J. Thor SVP--CAO & CONTROLLER | Mar 29, 2022 | Sale | −2,000 | $29.35 | $58.70K | 18,096 |
| Greg J. Thor SVP--CAO & CONTROLLER | Mar 28, 2022 | Sale | −2,333 | $28.79 | $67.17K | 20,096 |
| Greg J. Thor SVP--CAO & Controller | Mar 1, 2022 | Tax withholding | −756 | $26.21 | $19.81K | 15,628 |
| Greg J. Thor SVP--CAO & Controller | Mar 1, 2022 | Tax withholding | −718 | $26.21 | $18.82K | 17,141 |
| Greg J. Thor SVP--CAO & Controller | Mar 1, 2022 | Tax withholding | −757 | $26.21 | $19.84K | 16,384 |
| Greg J. Thor SVP--CAO & Controller | Mar 1, 2022 | Award | +6,801 | – | – | 22,429 |
| C. Taylor Pickett Director | Feb 24, 2022 | Buy | +20,000 | $24.97 | $499.40K | 20,000 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| L. Hawkins Philip Director | Feb 23, 2026 | 5,536 | $181.10K | Feb 23, 2026 | Open Market Purchase |
| Lisa G. Trimberger Director | Sep 17, 2025 | 3,000 | $91.56K | Sep 17, 2025 | Open Market |
| Trimberger Lisa Director | Sep 17, 2025 | 4,896 | $150.41K | Sep 17, 2025 | Restricted Stock |
| G. Trimberger Lisa Director | Dec 20, 2023 | 7,357 | $187.44K | Dec 20, 2023 | Restricted Stock |