VIRGINIA RETIREMENT SYSTEMS ET Al Has $2.41 Million Stock Holdings in COPT Defense Properties $CDP

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of COPT Defense Properties (NYSE:CDP) by 53.7% during the 3rd quarter, Holdings Channel reports. The firm owned 82,767 shares of the company’s stock after purchasing an additional 28,900 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in COPT Defense Properties were worth $2,405,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP lifted its stake in COPT Defense Properties by 102.0% in the first quarter. Quarry LP now owns 1,186 shares of the company’s stock valued at $32,000 after buying an additional 599 shares during the period. GAMMA Investing LLC increased its stake in shares of COPT Defense Properties by 59.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,504 shares of the company’s stock valued at $41,000 after acquiring an additional 561 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of COPT Defense Properties by 1,176.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock valued at $46,000 after acquiring an additional 1,553 shares during the period. Osaic Holdings Inc. boosted its stake in COPT Defense Properties by 59.6% during the second quarter. Osaic Holdings Inc. now owns 3,193 shares of the company’s stock worth $88,000 after acquiring an additional 1,192 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in COPT Defense Properties by 810.7% in the second quarter. Hantz Financial Services Inc. now owns 3,415 shares of the company’s stock worth $94,000 after purchasing an additional 3,040 shares during the period.

COPT Defense Properties Trading Down 1.6%

CDP opened at $27.84 on Friday. COPT Defense Properties has a fifty-two week low of $23.92 and a fifty-two week high of $31.24. The firm has a market capitalization of $3.15 billion, a PE ratio of 20.93 and a beta of 0.86. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.34 and a quick ratio of 2.34. The company’s 50-day moving average is $29.01 and its 200 day moving average is $28.74.

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

COPT Defense Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.305 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.22 annualized dividend and a yield of 4.4%. COPT Defense Properties’s dividend payout ratio (DPR) is 91.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Cantor Fitzgerald initiated coverage on shares of COPT Defense Properties in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $35.00 price target for the company. Truist Financial boosted their target price on COPT Defense Properties from $30.00 to $31.00 and gave the company a “hold” rating in a research report on Monday, December 15th. Jefferies Financial Group upped their price target on COPT Defense Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. New Street Research set a $33.00 price objective on COPT Defense Properties in a research note on Monday, October 13th. Finally, Evercore ISI decreased their price objective on COPT Defense Properties from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, COPT Defense Properties presently has a consensus rating of “Moderate Buy” and an average target price of $33.14.

About COPT Defense Properties

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.