CDP COPT DEFENSE PROPERTIES

NEUTRAL Impact: 3/10 Insider Cluster (2 insiders)
Horizon days Filed Jun 2, 2026 Processed 12d 15h ago
Insider cluster: 2 insiders, $1.2M total
Latest settled — T+1d
CDP ▼ -1.29% at T+1d
NEUTRAL call ✗ call lost -1.29% · α vs SPY -0.60% · entry $31.72 → $31.31
Next anchor: T+5d due 6d ago
Last close $34.54 (close Jun 12) · +8.89% from $31.72 entry
Entry anchored
Jun 2, 12:47 PM ET
via Databento tick
T+1d
-1.29%
call -1.29% · α -0.60%
$31.31
settled 12d ago
T+5d
call — · α —
due 6d ago
T+20d
call — · α —
in 16d
T+60d
call — · α —
in 2mo

Price Chart

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Executive Summary

Two COPT Defense Properties directors sold a total of $1.15M in stock over a week. Director Pickett sold $1.03M at ~$32.25, and Director Denton sold $127K at ~$32.38. The cluster is modest relative to the $3.6B market cap (~0.03%), and both transactions are open-market sales with no buy-side activity to offset them.

Key Financial Metrics

Direction
selling
Total Value
$1.1M
Insiders
2

Actionable Insight

The dollar value is too small relative to market cap to signal a change in fundamental outlook. Per the literature, cluster sales — especially by directors rather than C-suite — are weak directional signals. Watch for any upcoming 8-K on lease signings, government-contract wins, or dividend changes that could explain the sales; otherwise treat as normal portfolio diversification.

Key Facts

  • Two directors sold a combined $1.15M in open-market sales over 8 days.
  • Director Pickett C. Taylor sold 31,798 shares ($1.03M) on May 29, 2026.
  • Director Robert L. Denton sold 3,900 shares ($127K) on May 26, 2026.
  • Cluster value is ~0.03% of $3.6B market cap, well below the 0.1% materiality threshold.
  • No insider purchases were reported in the same window; the net direction is selling.

Financial Impact

Directors sold $1.15M in stock over 8 days. For a $3.6B market cap REIT, this is routine / non-material (0.03% of market cap).

insider-activity

Risk Factors

  • Additional selling from other directors or executives could escalate the signal.
  • REITs are sensitive to interest rate moves; director sales near a cycle high in rates could be opportunistic.
  • No insider buying to provide a counter-signal.

Market Snapshot

Exchange
NYSE
Sector
Real Estate Investment Trusts
Analyst Consensus
67% bullish (12 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-CDP-1780418906267
3 reports for CDP
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for CDP — sortable, filterable
Type Now
Jun 2, 2026
12d ago
Insider Cluster
NEUTRAL ★ 3/10
$31.72 $31.31▼ −1.29%▼ −0.60%$34.54 (+8.89%)
Apr 27, 2026
6w ago
8-K
BULLISH ★ 6/10
$32.09 $31.55▼ −1.68%▼ −1.67%$34.54 (+7.63%)
Mar 30, 2026
10w ago
DEFA14A
NEUTRAL ★ 2/10
$30.60 $30.58▼ −0.07%▼ −0.81%$34.54 (+12.88%)
Showing 3 of 3

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