COPT Defense Properties $CDP Position Trimmed by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its position in shares of COPT Defense Properties (NYSE:CDP) by 21.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,746 shares of the company’s stock after selling 20,700 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in COPT Defense Properties were worth $2,463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CDP. California State Teachers Retirement System boosted its stake in shares of COPT Defense Properties by 28.5% during the 1st quarter. California State Teachers Retirement System now owns 137,228 shares of the company’s stock worth $4,199,000 after purchasing an additional 30,471 shares during the period. State Street Corp grew its holdings in COPT Defense Properties by 0.5% during the 2nd quarter. State Street Corp now owns 6,871,138 shares of the company’s stock valued at $252,139,000 after purchasing an additional 34,561 shares during the last quarter. Hsbc Holdings PLC raised its position in COPT Defense Properties by 25.2% in the 4th quarter. Hsbc Holdings PLC now owns 196,540 shares of the company’s stock worth $5,466,000 after purchasing an additional 39,524 shares during the period. Edgestream Partners L.P. purchased a new stake in COPT Defense Properties in the 1st quarter worth about $1,831,000. Finally, State of Alaska Department of Revenue purchased a new stake in COPT Defense Properties in the 3rd quarter worth about $2,405,000.

COPT Defense Properties Stock Down 0.4%

Shares of CDP opened at $33.06 on Wednesday. The firm has a fifty day moving average price of $34.31 and a 200-day moving average price of $33.61. The company has a current ratio of 1.58, a quick ratio of 2.89 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $3.75 billion, a P/E ratio of 11.81 and a beta of 0.79. COPT Defense Properties has a 12-month low of $27.06 and a 12-month high of $38.90.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06. The company had revenue of $208.76 million for the quarter, compared to the consensus estimate of $190.43 million. COPT Defense Properties had a net margin of 21.17% and a return on equity of 10.80%. Equities research analysts expect that COPT Defense Properties will post 2.79 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, September 30th. COPT Defense Properties’s payout ratio is 86.49%.

Analyst Ratings Changes

Several analysts have issued reports on CDP shares. Citigroup raised their price objective on shares of COPT Defense Properties from $34.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of COPT Defense Properties in a research note on Thursday, October 15th. BTIG Research reaffirmed a “buy” rating and set a $38.00 target price on shares of COPT Defense Properties in a research note on Friday. Evercore reiterated an “outperform” rating and issued a $42.00 price target on shares of COPT Defense Properties in a report on Monday, July 27th. Finally, Truist Financial increased their price target on COPT Defense Properties from $34.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, August 24th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $38.00.

COPT Defense Properties Profile

COPT Defense Properties is a real estate investment trust that owns, develops, manages and leases properties designed to support the U.S. government, defense and information technology sectors. Its portfolio includes office buildings, data centers, specialized facilities and other mission-critical properties leased primarily to government agencies, defense contractors and technology companies.

The company’s properties are concentrated in key defense and national security markets, including Northern Virginia, suburban Maryland and the broader Washington, DC, region.