Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 16,920 Shares of COPT Defense Properties (NYSE:CDP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in COPT Defense Properties (NYSE:CDP) by 38.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,246 shares of the company’s stock after acquiring an additional 16,920 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.05% of COPT Defense Properties worth $1,896,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Jefferies Financial Group began coverage on COPT Defense Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $31.00 price objective on the stock. Truist Financial raised their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, BTIG Research boosted their price objective on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.43.

COPT Defense Properties Stock Performance

Shares of COPT Defense Properties stock opened at $27.07 on Wednesday. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22. The stock’s fifty day moving average price is $27.99 and its 200-day moving average price is $30.13. The firm has a market cap of $3.05 billion, a P/E ratio of 22.01 and a beta of 0.96. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56.

COPT Defense Properties (NYSE:CDP) last posted its quarterly 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 net margin of 18.44% and a return on equity of 9.07%. On average, equities research analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

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

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.