COPT Defense Properties $CDP Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in COPT Defense Properties (NYSE:CDP) by 9.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,028 shares of the company’s stock after selling 14,667 shares during the period. New York State Teachers Retirement System owned approximately 0.13% of COPT Defense Properties worth $4,407,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in COPT Defense Properties by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 17,127,858 shares of the company’s stock worth $476,154,000 after purchasing an additional 128,583 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of COPT Defense Properties by 16.8% in the 3rd quarter. Alliancebernstein L.P. now owns 8,457,373 shares of the company’s stock valued at $245,771,000 after buying an additional 1,215,936 shares during the period. JPMorgan Chase & Co. grew its position in shares of COPT Defense Properties by 8.3% during the 4th quarter. JPMorgan Chase & Co. now owns 3,862,294 shares of the company’s stock valued at $107,372,000 after buying an additional 296,221 shares during the last quarter. Geode Capital Management LLC raised its stake in COPT Defense Properties by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,149,130 shares of the company’s stock worth $87,558,000 after acquiring an additional 17,049 shares during the period. Finally, Bank of America Corp DE lifted its holdings in COPT Defense Properties by 5.4% in the second quarter. Bank of America Corp DE now owns 2,577,065 shares of the company’s stock worth $71,075,000 after acquiring an additional 131,287 shares during the last quarter.

Insider Activity

In related news, Director Robert L. Denton sold 3,922 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 3,803 shares of the company’s stock, valued at approximately $123,141.14. The trade was a 50.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Weiss Ratings upgraded COPT Defense Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, April 21st. Evercore reaffirmed an “outperform” rating and issued a $41.00 price objective on shares of COPT Defense Properties in a report on Monday. JPMorgan Chase & Co. raised their target price on shares of COPT Defense Properties from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Wells Fargo & Company upped 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, Truist Financial increased their price target on COPT Defense Properties from $33.00 to $34.00 and gave the company a “hold” rating in a research note on Monday, June 8th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.38.

COPT Defense Properties Stock Down 1.2%

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

COPT Defense Properties (NYSE:CDP) last issued its earnings results on Monday, April 27th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.34). The business had revenue of $200.64 million during the quarter, compared to analyst estimates of $185.10 million. COPT Defense Properties had a net margin of 20.10% and a return on equity of 10.02%. COPT Defense Properties’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. 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. As a group, analysts expect that COPT Defense Properties will post 2.78 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid 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 dividend yield of 3.5%. COPT Defense Properties’s dividend payout ratio (DPR) is 92.75%.

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.