New York State Teachers Retirement System Acquires 10,726 Shares of COPT Defense Properties $CDP

Key Points

• The New York State Teachers Retirement System increased its holdings in COPT Defense Properties by 7.1%, acquiring an additional 10,726 shares and raising its total ownership to 160,889 shares worth approximately $4.44 million.
• Various institutional investors, including Nissay Asset Management Corp and GAMMA Investing LLC, also increased their stakes in COPT Defense Properties, indicating growing investor confidence in the stock.
• Recent analyst ratings show a mixed outlook with price targets ranging from $33 to $36, and a consensus average rating of "Moderate Buy," reflecting a positive sentiment towards the stock's performance.

New York State Teachers Retirement System raised its holdings in COPT Defense Properties (NYSE:CDP - Free Report) by 7.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,889 shares of the company's stock after purchasing an additional 10,726 shares during the quarter. New York State Teachers Retirement System owned 0.14% of COPT Defense Properties worth $4,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV grew its stake 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 worth $464,000 after acquiring an additional 397 shares during the period. GAMMA Investing LLC grew its stake in shares of COPT Defense Properties by 59.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,504 shares of the company's stock worth $41,000 after acquiring an additional 561 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of COPT Defense Properties by 2.0% during the 2nd quarter. Exchange Traded Concepts LLC now owns 30,266 shares of the company's stock worth $835,000 after acquiring an additional 580 shares during the period. Quarry LP grew its stake in shares of COPT Defense Properties by 102.0% during the 1st quarter. Quarry LP now owns 1,186 shares of the company's stock worth $32,000 after acquiring an additional 599 shares during the period. Finally, State of Wyoming grew its stake in shares of COPT Defense Properties by 5.1% during the 1st quarter. State of Wyoming now owns 14,048 shares of the company's stock worth $383,000 after acquiring an additional 683 shares during the period.

Insider Buying and Selling at COPT Defense Properties

In other COPT Defense Properties news, Director Lisa G. Trimberger sold 3,000 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $30.52, for a total value of $91,560.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CDP shares. Evercore ISI cut their price target on COPT Defense Properties from $36.00 to $35.00 and set an "outperform" rating for the company in a research note on Monday, September 29th. Cantor Fitzgerald started coverage on COPT Defense Properties in a research note on Wednesday, October 1st. They set an "overweight" rating and a $35.00 price target for the company. New Street Research set a $33.00 price target on COPT Defense Properties in a research note on Monday, October 13th. JPMorgan Chase & Co. raised their target price on COPT Defense Properties from $30.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 17th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of COPT Defense Properties in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $33.75.

COPT Defense Properties Trading Up 0.9%

Shares of CDP opened at $28.31 on Tuesday. The business's 50-day moving average price is $29.06 and its 200-day moving average price is $27.95. COPT Defense Properties has a twelve month low of $23.92 and a twelve month high of $34.22. The stock has a market cap of $3.20 billion, a PE ratio of 22.12 and a beta of 0.94. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.58.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. COPT Defense Properties had a return on equity of 9.38% and a net margin of 19.23%.The firm had revenue of $175.60 million for the quarter, compared to analysts' expectations of $186.55 million. During the same period in the prior year, the business posted $0.64 earnings per share. The company's revenue was up 1.4% on a year-over-year basis. COPT Defense Properties has set its Q3 2025 guidance at 0.660-0.680 EPS. FY 2025 guidance at 2.650-2.690 EPS. On average, equities analysts forecast that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th were issued a $0.305 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.22 annualized dividend and a dividend yield of 4.3%. COPT Defense Properties's dividend payout ratio (DPR) is presently 95.31%.

About COPT Defense Properties

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.

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