Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stock Holdings in COPT Defense Properties (NYSE:CDP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in COPT Defense Properties (NYSE:CDP) by 38.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 61,246 shares of the company’s stock after buying an additional 16,920 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in COPT Defense Properties were worth $1,896,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CDP. Geode Capital Management LLC grew its holdings in COPT Defense Properties by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,927,208 shares of the company’s stock worth $88,797,000 after purchasing an additional 21,388 shares during the last quarter. FMR LLC boosted its position in shares of COPT Defense Properties by 1.8% in the 3rd quarter. FMR LLC now owns 2,763,277 shares of the company’s stock worth $83,810,000 after purchasing an additional 49,300 shares in the last quarter. JPMorgan Chase & Co. grew its stake in COPT Defense Properties by 35.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company’s stock worth $81,689,000 after buying an additional 710,491 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in COPT Defense Properties by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,522,955 shares of the company’s stock valued at $76,521,000 after buying an additional 18,770 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in COPT Defense Properties by 61.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company’s stock valued at $59,001,000 after buying an additional 723,486 shares during the last quarter.

COPT Defense Properties Stock Down 0.5 %

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

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, topping 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%. As a group, equities research analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CDP. Truist Financial upped their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Jefferies Financial Group initiated coverage on shares of COPT Defense Properties in a report on Monday, March 17th. They issued a “buy” rating and a $31.00 price target for the company. 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 report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.