COPT Defense Properties $CDP Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its holdings in shares of COPT Defense Properties (NYSE:CDP) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 572,745 shares of the company’s stock after selling 21,433 shares during the period. Retirement Systems of Alabama owned about 0.51% of COPT Defense Properties worth $16,644,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Y Intercept Hong Kong Ltd purchased a new stake in COPT Defense Properties in the 3rd quarter valued at approximately $1,203,000. Resona Asset Management Co. Ltd. lifted its position in shares of COPT Defense Properties by 9.9% in the third quarter. Resona Asset Management Co. Ltd. now owns 49,711 shares of the company’s stock valued at $1,450,000 after acquiring an additional 4,460 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of COPT Defense Properties by 5.5% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 126,538 shares of the company’s stock valued at $3,677,000 after acquiring an additional 6,605 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of COPT Defense Properties by 4.5% during the third quarter. Arkadios Wealth Advisors now owns 12,672 shares of the company’s stock valued at $368,000 after acquiring an additional 540 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in COPT Defense Properties during the 3rd quarter worth about $223,000.

Analyst Upgrades and Downgrades

CDP has been the topic of a number of recent research reports. Truist Financial upped their target price on shares of COPT Defense Properties from $30.00 to $31.00 and gave the company a “hold” rating in a report on Monday, December 15th. Cantor Fitzgerald set a $33.00 price objective on shares of COPT Defense Properties in a research report on Monday, January 5th. Wells Fargo & Company upped their price objective on shares of COPT Defense Properties from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. Jefferies Financial Group lifted their target price on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Evercore ISI reduced their price target on COPT Defense Properties from $35.00 to $34.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

COPT Defense Properties Price Performance

COPT Defense Properties stock opened at $30.34 on Wednesday. COPT Defense Properties has a 1 year low of $23.92 and a 1 year high of $31.24. The firm has a 50 day moving average price of $29.43 and a 200 day moving average price of $28.93. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 22.81 and a beta of 0.86. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.34 and a current ratio of 2.34.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $188.80 million for the quarter, compared to the consensus estimate of $187.63 million. COPT Defense Properties had a net margin of 19.99% and a return on equity of 9.71%. COPT Defense Properties’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 earnings per share. 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. Sell-side analysts predict that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.305 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.22 dividend on an annualized basis and a yield of 4.0%. COPT Defense Properties’s dividend payout ratio (DPR) is presently 91.73%.

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.