New York State Common Retirement Fund Has $18.98 Million Stock Position in COPT Defense Properties $CDP

New York State Common Retirement Fund raised its holdings in COPT Defense Properties (NYSE:CDP) by 22.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 653,172 shares of the company’s stock after buying an additional 119,533 shares during the period. New York State Common Retirement Fund’s holdings in COPT Defense Properties were worth $18,981,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CDP. Financial Consulate Inc. acquired a new stake in COPT Defense Properties during the 3rd quarter valued at $39,000. GAMMA Investing LLC boosted its holdings in shares of COPT Defense Properties by 59.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,504 shares of the company’s stock worth $41,000 after buying an additional 561 shares during the period. EverSource Wealth Advisors LLC grew its stake in COPT Defense Properties by 1,176.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock valued at $46,000 after buying an additional 1,553 shares during the last quarter. Osaic Holdings Inc. raised its holdings in COPT Defense Properties by 59.6% in the 2nd quarter. Osaic Holdings Inc. now owns 3,193 shares of the company’s stock valued at $88,000 after acquiring an additional 1,192 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in COPT Defense Properties by 810.7% during the second quarter. Hantz Financial Services Inc. now owns 3,415 shares of the company’s stock worth $94,000 after acquiring an additional 3,040 shares during the last quarter.

COPT Defense Properties Stock Up 2.0%

Shares of NYSE:CDP opened at $30.80 on Monday. The business has a fifty day simple moving average of $29.45 and a 200 day simple moving average of $28.98. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.57. The firm has a market cap of $3.49 billion, a P/E ratio of 23.16 and a beta of 0.86. COPT Defense Properties has a 12-month low of $23.92 and a 12-month high of $31.24.

COPT Defense Properties (NYSE:CDP) last released its earnings results on Thursday, October 30th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The business had revenue of $188.80 million during the quarter, compared to the consensus estimate of $187.63 million. COPT Defense Properties had a net margin of 19.99% and a return on equity of 9.71%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS. Analysts predict that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.305 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.22 annualized dividend and a yield of 4.0%. COPT Defense Properties’s payout ratio is presently 91.73%.

Analyst Upgrades and Downgrades

CDP has been the topic of several research reports. Jefferies Financial Group upped their target price on COPT Defense Properties from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Evercore ISI dropped their target price on COPT Defense Properties from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Wells Fargo & Company raised their price target on shares of COPT Defense Properties from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. Cantor Fitzgerald set a $33.00 target price on COPT Defense Properties in a report on Monday, January 5th. Finally, New Street Research set a $33.00 price objective on shares of COPT Defense Properties in a research note on Monday, October 13th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, COPT Defense Properties currently has an average rating of “Moderate Buy” and a consensus price target of $33.00.

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.