VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in COPT Defense Properties $CDP

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in COPT Defense Properties (NYSE:CDP) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 53,867 shares of the company’s stock, valued at approximately $1,486,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CDP. Wealth Enhancement Advisory Services LLC increased its holdings in shares of COPT Defense Properties by 28.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,517 shares of the company’s stock worth $478,000 after buying an additional 3,866 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of COPT Defense Properties by 1.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 237,177 shares of the company’s stock worth $6,468,000 after buying an additional 3,351 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of COPT Defense Properties by 9.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 711,833 shares of the company’s stock worth $19,412,000 after buying an additional 63,978 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of COPT Defense Properties by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 1,945,257 shares of the company’s stock worth $53,047,000 after buying an additional 38,916 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in shares of COPT Defense Properties by 23.5% during the 1st quarter. M&T Bank Corp now owns 27,034 shares of the company’s stock worth $737,000 after buying an additional 5,145 shares during the last quarter.

COPT Defense Properties Stock Performance

NYSE:CDP opened at $28.23 on Thursday. The company has a fifty day simple moving average of $29.08 and a two-hundred day simple moving average of $27.95. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 22.05 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 has a 52 week low of $23.92 and a 52 week high of $34.22.

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

COPT Defense Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, September 30th. COPT Defense Properties’s payout ratio is 95.31%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of COPT Defense Properties from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, September 17th. Cantor Fitzgerald assumed coverage on shares of COPT Defense Properties in a report on Wednesday, October 1st. They issued an “overweight” rating and a $35.00 target price for the company. New Street Research set a $33.00 target price on shares of COPT Defense Properties in a report on Monday, October 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of COPT Defense Properties in a report on Wednesday, October 8th. Finally, Jefferies Financial Group lifted their target price on shares of COPT Defense Properties from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, October 13th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.75.

Insider Activity

In other news, Director Lisa G. Trimberger sold 3,000 shares of COPT Defense Properties stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $30.52, for a total transaction of $91,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.42% of the company’s stock.

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.