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

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in COPT Defense Properties (NYSE:CDP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 94,446 shares of the company’s stock, valued at approximately $3,437,000.

Several other institutional investors also recently added to or reduced their stakes in CDP. Easterly Investment Partners LLC increased its stake in shares of COPT Defense Properties by 154.2% during the 4th quarter. Easterly Investment Partners LLC now owns 299,934 shares of the company’s stock worth $8,338,000 after purchasing an additional 181,935 shares during the last quarter. UBS Group AG lifted its stake in COPT Defense Properties by 229.6% in the fourth quarter. UBS Group AG now owns 457,210 shares of the company’s stock valued at $12,710,000 after purchasing an additional 318,493 shares during the last quarter. California State Teachers Retirement System grew its holdings in COPT Defense Properties by 28.5% during the first quarter. California State Teachers Retirement System now owns 137,228 shares of the company’s stock valued at $4,199,000 after purchasing an additional 30,471 shares during the period. Louisiana State Employees Retirement System bought a new position in COPT Defense Properties during the first quarter valued at $1,004,000. Finally, Hsbc Holdings PLC increased its position in COPT Defense Properties by 25.2% in the fourth quarter. Hsbc Holdings PLC now owns 196,540 shares of the company’s stock worth $5,466,000 after buying an additional 39,524 shares during the last quarter.

COPT Defense Properties Stock Performance

NYSE:CDP opened at $35.16 on Thursday. The business’s fifty day moving average is $36.95 and its 200 day moving average is $33.99. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 24.41 and a beta of 0.76. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.89 and a current ratio of 2.89. COPT Defense Properties has a 52-week low of $27.06 and a 52-week high of $38.90.

COPT Defense Properties (NYSE:CDP) last issued its earnings results on Monday, July 27th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.33 by $0.07. The business had revenue of $197.39 million during the quarter, compared to the consensus estimate 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 last year, the company earned $0.34 EPS. 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. Research analysts predict that COPT Defense Properties will post 2.78 EPS for the current year.

COPT Defense Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, September 30th. COPT Defense Properties’s dividend payout ratio (DPR) is 88.89%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on COPT Defense Properties from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Cantor Fitzgerald reissued an “overweight” rating and issued a $37.00 price objective on shares of COPT Defense Properties in a report on Thursday, June 25th. Citigroup upped their price objective on shares of COPT Defense Properties from $34.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Wells Fargo & Company increased their target price on shares of COPT Defense Properties from $36.00 to $41.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 1st. Finally, Truist Financial boosted their price target on shares of COPT Defense Properties from $34.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, August 24th. Five investment 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 a consensus target price of $37.38.

COPT Defense Properties Company 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.