New York State Teachers Retirement System Grows Holdings in COPT Defense Properties (NYSE:CDP)

New York State Teachers Retirement System boosted its position in COPT Defense Properties (NYSE:CDP) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,164 shares of the company’s stock after buying an additional 10,769 shares during the quarter. New York State Teachers Retirement System owned approximately 0.13% of COPT Defense Properties worth $4,648,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of COPT Defense Properties by 77.8% in the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock valued at $43,000 after purchasing an additional 614 shares during the period. USA Financial Formulas purchased a new stake in shares of COPT Defense Properties in the 4th quarter valued at approximately $90,000. Wilmington Savings Fund Society FSB purchased a new position in shares of COPT Defense Properties during the third quarter valued at $91,000. KBC Group NV increased its holdings in shares of COPT Defense Properties by 28.3% in the 3rd quarter. KBC Group NV now owns 3,810 shares of the company’s stock valued at $116,000 after purchasing an additional 840 shares during the period. Finally, Spirit of America Management Corp NY boosted its stake in shares of COPT Defense Properties by 100.0% during the 3rd quarter. Spirit of America Management Corp NY now owns 4,000 shares of the company’s stock valued at $121,000 after buying an additional 2,000 shares during the period.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Evercore ISI increased their target price on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial increased their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Jefferies Financial Group reduced their target price on COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Finally, BTIG Research upped their target price on COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.88.

COPT Defense Properties Stock Performance

CDP opened at $26.72 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. The stock’s 50 day moving average price is $29.77 and its two-hundred day moving average price is $30.45. The firm has a market capitalization of $3.01 billion, a P/E ratio of 21.72 and a beta of 0.98. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $34.22.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. On average, equities analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.57%. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30. COPT Defense Properties’s dividend payout ratio is currently 95.93%.

COPT Defense Properties Company Profile

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.