Teacher Retirement System of Texas Increases Holdings in COPT Defense Properties (NYSE:CDP)

Teacher Retirement System of Texas grew its holdings in COPT Defense Properties (NYSE:CDP) by 80.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 59,380 shares of the company’s stock after acquiring an additional 26,505 shares during the period. Teacher Retirement System of Texas’ holdings in COPT Defense Properties were worth $1,838,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of COPT Defense Properties by 77.8% during the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock valued at $43,000 after acquiring an additional 614 shares in the last quarter. USA Financial Formulas purchased a new position in COPT Defense Properties during the 4th quarter valued at $90,000. Wilmington Savings Fund Society FSB bought a new position in COPT Defense Properties in the 3rd quarter worth $91,000. Spirit of America Management Corp NY lifted its position in shares of COPT Defense Properties by 25.0% in the 4th quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company’s stock worth $155,000 after purchasing an additional 1,000 shares during the period. Finally, KBC Group NV boosted its stake in shares of COPT Defense Properties by 33.4% during the 4th quarter. KBC Group NV now owns 5,081 shares of the company’s stock valued at $157,000 after purchasing an additional 1,271 shares in the last quarter.

COPT Defense Properties Trading Down 0.2 %

NYSE:CDP opened at $27.07 on Friday. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 22.01 and a beta of 0.96. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. The company’s 50 day moving average price is $27.89 and its 200-day moving average price is $30.09. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $34.22.

COPT Defense Properties (NYSE:CDP) last issued its earnings results on Thursday, February 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. On average, equities research analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be given a $0.305 dividend. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a yield of 4.51%. COPT Defense Properties’s payout ratio is 99.19%.

Wall Street Analyst Weigh In

CDP has been the subject of several research analyst reports. Truist Financial raised their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Jefferies Financial Group assumed coverage on COPT Defense Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $31.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, COPT Defense Properties currently has an average rating of “Moderate Buy” and a consensus target price of $33.43.

COPT Defense Properties Company 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.