Retirement Systems of Alabama Has $16.39 Million Stock Holdings in COPT Defense Properties $CDP

Retirement Systems of Alabama boosted its position in shares of COPT Defense Properties (NYSE:CDP) by 19.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 594,178 shares of the company’s stock after purchasing an additional 96,784 shares during the period. Retirement Systems of Alabama owned 0.53% of COPT Defense Properties worth $16,387,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Nissay Asset Management Corp Japan ADV boosted its position in COPT Defense Properties by 2.4% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 16,997 shares of the company’s stock valued at $464,000 after purchasing an additional 397 shares during the last quarter. Arkadios Wealth Advisors boosted its position in COPT Defense Properties by 4.8% during the second quarter. Arkadios Wealth Advisors now owns 12,132 shares of the company’s stock valued at $335,000 after purchasing an additional 557 shares during the last quarter. GAMMA Investing LLC boosted its position in COPT Defense Properties by 59.5% during the second quarter. GAMMA Investing LLC now owns 1,504 shares of the company’s stock valued at $41,000 after purchasing an additional 561 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in COPT Defense Properties by 2.0% during the second quarter. Exchange Traded Concepts LLC now owns 30,266 shares of the company’s stock valued at $835,000 after purchasing an additional 580 shares during the last quarter. Finally, Quarry LP boosted its position in COPT Defense Properties by 102.0% during the first quarter. Quarry LP now owns 1,186 shares of the company’s stock valued at $32,000 after purchasing an additional 599 shares during the last quarter.

COPT Defense Properties Price Performance

NYSE CDP opened at $28.15 on Friday. COPT Defense Properties has a fifty-two week low of $23.92 and a fifty-two week high of $34.22. The stock’s 50-day moving average is $29.06 and its two-hundred day moving average is $28.11. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a market cap of $3.18 billion, a P/E ratio of 21.99 and a beta of 0.94.

COPT Defense Properties (NYSE:CDP) last posted 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. The business had revenue of $178.27 million for the quarter, compared to analyst estimates of $187.63 million. COPT Defense Properties had a return on equity of 9.38% and a net margin of 19.23%.The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. COPT Defense Properties has set its FY 2025 guidance at 2.690-2.710 EPS. Q4 2025 guidance at 0.670-0.690 EPS. On average, analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th were paid a $0.305 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.3%. COPT Defense Properties’s payout ratio is presently 91.73%.

Wall Street Analysts Forecast Growth

CDP has been the subject of a number of research reports. Cantor Fitzgerald initiated coverage on COPT Defense Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $35.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on COPT Defense Properties from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, September 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of COPT Defense Properties in a research report on Wednesday, October 8th. Jefferies Financial Group raised their target price on COPT Defense Properties from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, October 13th. Finally, Evercore ISI cut their target price on COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, September 29th. Six 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 currently has an average rating of “Moderate Buy” and a consensus target price of $33.75.

Insider Activity at COPT Defense Properties

In other news, Director Lisa G. Trimberger sold 4,896 shares of COPT Defense Properties stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $30.72, for a total value of $150,405.12. Following the transaction, the director directly owned 20,287 shares in the company, valued at approximately $623,216.64. The trade was a 19.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.42% of the company’s stock.

COPT Defense Properties Profile

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.