Louisiana State Employees Retirement System Makes New Investment in COPT Defense Properties $CDP

Louisiana State Employees Retirement System purchased a new stake in COPT Defense Properties (NYSE:CDP) in the first quarter, Holdings Channel reports. The firm purchased 32,800 shares of the company’s stock, valued at approximately $1,004,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Los Angeles Capital Management LLC bought a new position in shares of COPT Defense Properties in the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC grew 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 buying an additional 1,553 shares during the last quarter. Optima Capital LLC acquired a new stake in COPT Defense Properties during the fourth quarter worth about $63,000. Caitong International Asset Management Co. Ltd raised its stake in COPT Defense Properties by 283.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,173 shares of the company’s stock worth $88,000 after acquiring an additional 2,346 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in COPT Defense Properties by 59.6% in 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 during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CDP shares. Truist Financial lifted their target price on COPT Defense Properties from $33.00 to $34.00 and gave the company a “hold” rating in a research note on Monday, June 8th. Evercore reiterated an “outperform” rating and issued a $38.00 target price on shares of COPT Defense Properties in a research note on Tuesday, April 28th. JPMorgan Chase & Co. boosted their price target on shares of COPT Defense Properties from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Wells Fargo & Company upped their price target on shares of COPT Defense Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Weiss Ratings raised shares of COPT Defense Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Insider Buying and Selling at COPT Defense Properties

In other news, Director Robert L. Denton sold 3,922 shares of COPT Defense Properties stock in a transaction that occurred 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 of the company’s stock, valued at $123,141.14. The trade was a 50.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.66% of the company’s stock.

COPT Defense Properties Price Performance

Shares of NYSE CDP opened at $37.62 on Friday. The stock has a market cap of $4.26 billion, a P/E ratio of 27.26 and a beta of 0.76. The firm’s 50-day simple moving average is $33.08 and its 200 day simple moving average is $31.62. COPT Defense Properties has a fifty-two week low of $26.91 and a fifty-two week high of $37.68. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 1.63.

COPT Defense Properties (NYSE:CDP) last announced its earnings results on Monday, April 27th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.34). The company had revenue of $200.64 million during the quarter, compared to the consensus estimate of $185.10 million. COPT Defense Properties had a net margin of 20.10% and a return on equity of 10.02%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. COPT Defense Properties has set its FY 2026 guidance at 2.730-2.790 EPS and its Q2 2026 guidance at 0.680-0.700 EPS. Equities analysts expect that COPT Defense Properties will post 2.78 EPS for the current year.

COPT Defense Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.28 annualized dividend and a yield of 3.4%. COPT Defense Properties’s dividend payout ratio (DPR) is currently 92.75%.

COPT Defense Properties 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.