New Mexico Educational Retirement Board Invests $848,000 in COPT Defense Properties $CDP

New Mexico Educational Retirement Board acquired a new stake in shares of COPT Defense Properties (NYSE:CDP) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 23,300 shares of the company’s stock, valued at approximately $848,000.

Other hedge funds have also made changes to their positions in the company. Easterly Investment Partners LLC lifted its position in shares of COPT Defense Properties by 154.2% in the 4th quarter. Easterly Investment Partners LLC now owns 299,934 shares of the company’s stock worth $8,338,000 after acquiring an additional 181,935 shares during the period. UBS Group AG boosted its stake in COPT Defense Properties by 229.6% during the fourth quarter. UBS Group AG now owns 457,210 shares of the company’s stock worth $12,710,000 after buying an additional 318,493 shares in the last quarter. California State Teachers Retirement System increased its holdings in COPT Defense Properties by 28.5% in the 1st quarter. California State Teachers Retirement System now owns 137,228 shares of the company’s stock valued at $4,199,000 after buying an additional 30,471 shares during the period. Louisiana State Employees Retirement System bought a new stake in COPT Defense Properties in the 1st quarter valued at $1,004,000. Finally, Hsbc Holdings PLC raised its stake in shares of COPT Defense Properties by 25.2% in the 4th quarter. Hsbc Holdings PLC now owns 196,540 shares of the company’s stock valued at $5,466,000 after buying an additional 39,524 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have recently commented on CDP. JPMorgan Chase & Co. raised their price objective on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Citigroup upped their target price on shares of COPT Defense Properties from $34.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Weiss Ratings reissued a “buy (b)” rating on shares of COPT Defense Properties in a research report on Friday, July 17th. Wells Fargo & Company raised 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 note on Monday, June 1st. Finally, Truist Financial lifted their price objective on COPT Defense Properties from $34.00 to $38.00 and gave the company a “hold” rating in a report on Monday, August 24th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, COPT Defense Properties currently has a consensus rating of “Moderate Buy” and an average price target of $36.75.

COPT Defense Properties Stock Down 1.6%

NYSE CDP opened at $36.01 on Tuesday. The stock’s 50 day simple moving average is $37.03 and its 200 day simple moving average is $33.82. COPT Defense Properties has a one year low of $27.06 and a one year high of $38.90. The firm has a market cap of $4.08 billion, a PE ratio of 25.01 and a beta of 0.76. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.89 and a quick ratio of 2.89.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.07. The company had revenue of $197.39 million for the quarter, compared to analyst estimates of $189.36 million. COPT Defense Properties had a return on equity of 10.48% and a net margin of 20.94%.During the same quarter in the previous year, the firm earned $0.34 earnings per share. COPT Defense Properties has set its FY 2026 guidance at 1.390-1.430 EPS and its Q3 2026 guidance at 0.370-0.390 EPS. As a group, sell-side analysts forecast that COPT Defense Properties will post 2.78 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, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.28 dividend on an annualized basis and a yield of 3.6%. COPT Defense Properties’s dividend payout ratio is currently 88.89%.

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.