VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 28,900 Shares of COPT Defense Properties $CDP

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of COPT Defense Properties (NYSE:CDP) by 53.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,767 shares of the company’s stock after acquiring an additional 28,900 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.07% of COPT Defense Properties worth $2,405,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV grew its holdings in shares of COPT Defense Properties by 2.4% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 16,997 shares of the company’s stock valued at $464,000 after purchasing an additional 397 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of COPT Defense Properties by 0.4% during the second quarter. California State Teachers Retirement System now owns 104,190 shares of the company’s stock worth $2,874,000 after buying an additional 457 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of COPT Defense Properties by 31.2% during the third quarter. GAMMA Investing LLC now owns 1,973 shares of the company’s stock worth $57,000 after buying an additional 469 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of COPT Defense Properties by 4.8% during the second quarter. Arkadios Wealth Advisors now owns 12,132 shares of the company’s stock worth $335,000 after buying an additional 557 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in shares of COPT Defense Properties by 2.0% in the 2nd quarter. Exchange Traded Concepts LLC now owns 30,266 shares of the company’s stock valued at $835,000 after acquiring an additional 580 shares during the last quarter.

COPT Defense Properties Price Performance

Shares of CDP opened at $27.84 on Friday. The business has a 50-day moving average of $29.01 and a 200-day moving average of $28.74. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.34 and a quick ratio of 2.34. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 20.93 and a beta of 0.86. COPT Defense Properties has a 1 year low of $23.92 and a 1 year high of $31.24.

COPT Defense Properties (NYSE:CDP) last released its earnings results on Thursday, October 30th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. COPT Defense Properties had a net margin of 19.99% and a return on equity of 9.71%. The business had revenue of $188.80 million during the quarter, compared to the consensus estimate of $187.63 million. During the same quarter in the prior year, the firm posted $0.65 EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year. COPT Defense Properties has set its FY 2025 guidance at 2.690-2.710 EPS and its Q4 2025 guidance at 0.670-0.690 EPS. As a group, equities research analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, December 31st. COPT Defense Properties’s dividend payout ratio (DPR) is currently 91.73%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CDP. Truist Financial boosted their price objective on COPT Defense Properties from $30.00 to $31.00 and gave the stock a “hold” rating in a research report on Monday, December 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of COPT Defense Properties in a research note on Wednesday, October 8th. Jefferies Financial Group upped their price objective on COPT Defense Properties from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, October 13th. New Street Research set a $33.00 price objective on shares of COPT Defense Properties in a report on Monday, October 13th. Finally, JPMorgan Chase & Co. boosted their target price on shares of COPT Defense Properties from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.14.

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.