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

New York State Common Retirement Fund grew its stake in COPT Defense Properties (NYSE:CDP) by 22.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 653,172 shares of the company’s stock after purchasing an additional 119,533 shares during the quarter. New York State Common Retirement Fund owned about 0.58% of COPT Defense Properties worth $18,981,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on COPT Defense Properties from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Cantor Fitzgerald set a $33.00 target price on COPT Defense Properties in a research note on Monday, January 5th. New Street Research set a $33.00 price target on shares of COPT Defense Properties in a research note on Monday, October 13th. Jefferies Financial Group increased their price objective on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of COPT Defense Properties in a report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, COPT Defense Properties presently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

COPT Defense Properties Trading Up 2.0%

COPT Defense Properties stock opened at $30.80 on Monday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 23.16 and a beta of 0.86. The firm has a 50-day moving average of $29.45 and a 200-day moving average of $28.98. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.34 and a quick ratio of 2.34. COPT Defense Properties has a one year low of $23.92 and a one year high of $31.24.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The firm had revenue of $188.80 million during the quarter, compared to analysts’ expectations of $187.63 million. COPT Defense Properties had a return on equity of 9.71% and a net margin of 19.99%.The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. On average, equities analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current fiscal 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 dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Wednesday, December 31st. COPT Defense Properties’s payout ratio is presently 91.73%.

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.