New York State Teachers Retirement System Has $4.41 Million Stake in COPT Defense Properties $CDP

New York State Teachers Retirement System trimmed its holdings in shares of COPT Defense Properties (NYSE:CDP) by 9.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,028 shares of the company’s stock after selling 14,667 shares during the period. New York State Teachers Retirement System’s holdings in COPT Defense Properties were worth $4,407,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System increased its position in shares of COPT Defense Properties by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 104,190 shares of the company’s stock valued at $2,874,000 after buying an additional 457 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in COPT Defense Properties by 2.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,780 shares of the company’s stock worth $588,000 after purchasing an additional 513 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in COPT Defense Properties by 33.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,300 shares of the company’s stock worth $92,000 after purchasing an additional 827 shares in the last quarter. Evolve Private Wealth LLC raised its holdings in COPT Defense Properties by 4.1% during the 1st quarter. Evolve Private Wealth LLC now owns 24,274 shares of the company’s stock worth $743,000 after buying an additional 956 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in COPT Defense Properties in the fourth quarter valued at approximately $27,000.

Insider Buying and Selling

In other COPT Defense Properties news, Director Robert L. Denton sold 3,922 shares of COPT Defense Properties stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $32.38, for a total value of $126,994.36. Following the completion of the transaction, the director directly owned 3,803 shares of the company’s stock, valued at $123,141.14. The trade was a 50.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is currently owned by company insiders.

COPT Defense Properties Stock Performance

NYSE:CDP opened at $36.36 on Thursday. The stock has a 50 day simple moving average of $33.36 and a 200 day simple moving average of $31.80. The stock has a market cap of $4.12 billion, a P/E ratio of 26.35 and a beta of 0.76. COPT Defense Properties has a 1-year low of $26.91 and a 1-year high of $38.06. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 1.63.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.34). COPT Defense Properties had a return on equity of 10.02% and a net margin of 20.10%.The firm had revenue of $200.64 million for the quarter, compared to the consensus estimate of $185.10 million. During the same quarter in the previous year, the business earned $0.65 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. COPT Defense Properties has set its FY 2026 guidance at 2.730-2.790 EPS and its Q2 2026 guidance at 0.680-0.700 EPS. Research analysts anticipate that COPT Defense Properties will post 2.78 earnings per share for the current year.

COPT Defense Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.28 dividend on an annualized basis and a yield of 3.5%. COPT Defense Properties’s dividend payout ratio is currently 92.75%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Truist Financial upped their target price on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Monday, June 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $37.00 price objective on shares of COPT Defense Properties in a research report on Thursday, June 25th. Weiss Ratings upgraded COPT Defense Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. Wells Fargo & Company raised their price target on shares of COPT Defense Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Finally, Evercore restated an “outperform” rating and set a $41.00 target price on shares of COPT Defense Properties in a report on Monday. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.38.

COPT Defense Properties Company Profile

COPT Defense Properties (NYSE: CDP) is a real estate investment trust organized to own, lease and manage healthcare and life science facilities serving the United States federal government, with a particular focus on Department of Defense and Veterans Affairs tenants. The company was formed in 2016 through a spin-off from Corporate Office Properties Trust, enabling it to concentrate exclusively on medical office buildings and specialized research facilities situated on or near military and federal research campuses.

The company’s portfolio comprises purpose-built, Class A medical office and outpatient specialty clinics, as well as life science laboratories.