New Mexico Educational Retirement Board Takes Position in COPT Defense Properties $CDP

New Mexico Educational Retirement Board purchased a new stake in shares of COPT Defense Properties (NYSE:CDP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,300 shares of the company’s stock, valued at approximately $848,000.

Several other hedge funds have also recently bought and sold shares of CDP. Norges Bank bought a new stake in shares of COPT Defense Properties in the 4th quarter valued at approximately $39,685,000. Two Sigma Investments LP lifted its stake in COPT Defense Properties by 289.9% in the third quarter. Two Sigma Investments LP now owns 900,047 shares of the company’s stock valued at $26,155,000 after acquiring an additional 669,181 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in COPT Defense Properties by 51.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,896,161 shares of the company’s stock valued at $52,713,000 after acquiring an additional 647,449 shares during the last quarter. Ameriprise Financial Inc. grew its position in COPT Defense Properties by 323.0% in the third quarter. Ameriprise Financial Inc. now owns 791,867 shares of the company’s stock worth $23,013,000 after acquiring an additional 604,670 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in COPT Defense Properties by 60.0% in the second quarter. AQR Capital Management LLC now owns 1,472,046 shares of the company’s stock worth $40,393,000 after acquiring an additional 551,863 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of COPT Defense Properties in a report on Friday, July 17th. Truist Financial upped their price objective on shares of COPT Defense Properties from $34.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, August 24th. JPMorgan Chase & Co. increased their target price on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Citigroup raised their target price on COPT Defense Properties from $34.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $37.00 price target on shares of COPT Defense Properties in a research report on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.75.

COPT Defense Properties Stock Down 1.6%

CDP stock opened at $36.01 on Tuesday. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 25.01 and a beta of 0.76. The company has a 50-day moving average of $37.03 and a two-hundred day moving average of $33.82. COPT Defense Properties has a 52-week low of $27.06 and a 52-week high of $38.90. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.89 and a quick ratio of 2.89.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.07. COPT Defense Properties had a return on equity of 10.48% and a net margin of 20.94%.The business had revenue of $197.39 million for the quarter, compared to analyst estimates of $189.36 million. During the same period in the previous year, the company posted $0.34 earnings per share. 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. As a group, equities research analysts anticipate that COPT Defense Properties will post 2.78 EPS for the current year.

COPT Defense Properties Dividend Announcement

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

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.