COPT Defense Properties $CDP Shares Bought by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its COPT Defense Properties stake by 28.5% in the first quarter, adding 30,471 shares to own 137,228 shares valued at approximately $4.2 million. Several other institutional investors also expanded their positions or initiated new stakes.
• COPT Defense Properties beat quarterly expectations, reporting $0.40 EPS versus the $0.33 consensus and revenue of $197.39 million versus $189.36 million expected. The company maintained 2026 EPS guidance of $1.39–$1.43.
• The REIT pays a quarterly dividend of $0.32 per share, equivalent to a 3.4% annualized yield. Analysts have a “Moderate Buy” consensus rating with an average price target of $36.25, while shares recently traded at $37.18.

California State Teachers Retirement System grew its position in COPT Defense Properties (NYSE:CDP - Free Report) by 28.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,228 shares of the company's stock after buying an additional 30,471 shares during the quarter. California State Teachers Retirement System owned 0.12% of COPT Defense Properties worth $4,199,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of COPT Defense Properties in the fourth quarter valued at about $39,685,000. Two Sigma Investments LP raised its position in shares of COPT Defense Properties by 289.9% during the 3rd quarter. Two Sigma Investments LP now owns 900,047 shares of the company's stock worth $26,155,000 after purchasing an additional 669,181 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in COPT Defense Properties by 51.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,896,161 shares of the company's stock valued at $52,713,000 after buying an additional 647,449 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in COPT Defense Properties by 323.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 791,867 shares of the company's stock valued at $23,013,000 after buying an additional 604,670 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in COPT Defense Properties by 60.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,472,046 shares of the company's stock valued at $40,393,000 after buying an additional 551,863 shares in the last quarter.

Insiders Place Their Bets

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 shares were sold at an average price of $32.38, for a total value of $126,994.36. Following the transaction, the director owned 3,803 shares in the company, valued at $123,141.14. This trade represents a 50.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.66% of the stock is currently owned by corporate insiders.

COPT Defense Properties Stock Performance

COPT Defense Properties stock opened at $37.18 on Friday. The stock has a fifty day moving average price of $35.83 and a 200 day moving average price of $33.12. COPT Defense Properties has a 52 week low of $27.06 and a 52 week high of $38.90. The firm has a market capitalization of $4.22 billion, a P/E ratio of 25.82 and a beta of 0.76. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.64.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.07. COPT Defense Properties had a return on equity of 10.48% and a net margin of 20.94%.The firm had revenue of $197.39 million for the quarter, compared to analyst estimates of $189.36 million. During the same period last year, the company earned $0.34 EPS. COPT Defense Properties has set its FY 2026 guidance at 1.390-1.430 EPS and its Q3 2026 guidance at 0.370-0.390 EPS. Equities research analysts anticipate that COPT Defense Properties will post 2.78 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.28 annualized dividend and a yield of 3.4%. COPT Defense Properties's dividend payout ratio is 88.89%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CDP. JPMorgan Chase & Co. boosted their price target on COPT Defense Properties from $33.00 to $34.00 and gave the stock a "neutral" rating in a report on Friday, May 15th. Evercore reiterated an "outperform" rating and set a $42.00 price objective on shares of COPT Defense Properties in a research report on Monday, July 27th. Weiss Ratings reissued a "buy (b)" rating on shares of COPT Defense Properties in a research note on Friday, July 17th. Citigroup upped their target price on shares of COPT Defense Properties from $34.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $37.00 price target on shares of COPT Defense Properties in a research note on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.25.

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.

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