Barrow Hanley Mewhinney & Strauss Discloses Passive Stake in COPT Defense

TL;DR

**Barrow Hanley just revealed a passive stake in COPT Defense Properties, signaling institutional confidence.**

AI Summary

Barrow Hanley Mewhinney & Strauss LLC, an investment advisor, filed an SC 13G on February 13, 2024, disclosing its ownership of Common Stock in COPT DEFENSE PROPERTIES (formerly Corporate Office Properties Trust) as of December 31, 2023. This filing indicates that Barrow Hanley holds a significant, but passive, stake in the company, which is a Real Estate Investment Trust (REIT) specializing in defense properties. This matters to investors because it signals that a large institutional investor sees value in COPT Defense Properties, potentially boosting confidence in the stock.

Why It Matters

This filing shows a major institutional investor, Barrow Hanley Mewhinney & Strauss LLC, holds a significant position in COPT DEFENSE PROPERTIES, which can be a positive signal for other investors.

Risk Assessment

Risk Level: low — An SC 13G filing typically indicates a passive investment, posing minimal direct risk to the company or its shareholders.

Analyst Insight

A smart investor would note the institutional interest from Barrow Hanley Mewhinney & Strauss LLC and consider further due diligence on COPT DEFENSE PROPERTIES' fundamentals and future prospects, especially given its REIT status and focus on defense properties.

Key Players & Entities

• Barrow Hanley Mewhinney & Strauss LLC (company) — the investment advisor filing the SC 13G
• COPT DEFENSE PROPERTIES (company) — the subject company in which shares are held
• Corporate Office Properties Trust (company) — former name of COPT DEFENSE PROPERTIES
• December 31, 2023 (date) — the date of the event requiring the filing
• February 13, 2024 (date) — the filing date of the SC 13G

Forward-Looking Statements

• Other institutional investors may increase their positions in COPT DEFENSE PROPERTIES, following Barrow Hanley's disclosed stake. (COPT DEFENSE PROPERTIES) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• ofc13g02132024.htm (SC 13G) — 50KB
• 0000313028-24-000028.txt ( ) — 52KB

(a)

Item 1(a) Name of Issuer: Corporate Office Properties Trust 1(b) Address of Issuer's Principal Executive Offices: 6711 COLUMBIA GATEWAY DRIVE SUITE 300 COLUMBIA MD 21046

(a)

Item 2(a) Name of Person Filing: Barrow Hanley Global Investors 2(b) Address of Principal Business Office or, if none, Residence: 2200 Ross Avenue, 31st Floor Dallas, TX 75201-2761 2(c) Citizenship: A Delaware limited liability company 2(d) Title of Class of Securities Common Stock 2(e) CUSIP Number: 22002T108 Item 3 If this statement is filed pursuant to 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) Group, in a accordance with 240.13d-1(b)(1)(ii)(J). 3 Item 4 4(a) Amount beneficially owned: shares 4(b) Percent of Class: % 4(c) Number of shares as to which person has: (i) Sole power to vote or to direct the vote: shares (ii) Shared power to vote or to direct the vote: shares (iii) Sole power to dispose or to direct the disposition of: shares (iv) Shared power to dispose or to direct the disposition of: — Item 5 Yes Item 6 The right to receive or the power to direct the receipt of dividends from, or the proceeds from the sa

View Full Filing

View this SC 13G filing on SEC EDGAR