Teacher Retirement System of Texas Has $1.84 Million Stock Position in COPT Defense Properties (NYSE:CDP)

Teacher Retirement System of Texas boosted its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 80.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,380 shares of the company's stock after buying an additional 26,505 shares during the period. Teacher Retirement System of Texas owned approximately 0.05% of COPT Defense Properties worth $1,838,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CDP. Thrivent Financial for Lutherans increased its holdings in shares of COPT Defense Properties by 32.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 55,516 shares of the company's stock valued at $1,684,000 after purchasing an additional 13,606 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in COPT Defense Properties during the third quarter valued at approximately $333,000. Charles Schwab Investment Management Inc. increased its stake in COPT Defense Properties by 0.7% in 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 during the period. Citigroup Inc. increased its stake in COPT Defense Properties by 81.1% in the 3rd quarter. Citigroup Inc. now owns 137,075 shares of the company's stock valued at $4,157,000 after buying an additional 61,389 shares during the period. Finally, Cerity Partners LLC purchased a new stake in COPT Defense Properties in the 3rd quarter worth approximately $494,000.

COPT Defense Properties Stock Up 0.7 %

NYSE:CDP traded up $0.20 during trading hours on Friday, reaching $27.28. The company's stock had a trading volume of 861,979 shares, compared to its average volume of 906,673. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 22.18 and a beta of 0.96. COPT Defense Properties has a one year low of $22.20 and a one year high of $34.22. The business's 50-day moving average is $27.84 and its 200-day moving average is $30.08.

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COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) 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%. Equities research analysts predict that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be given a $0.305 dividend. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.47%. COPT Defense Properties's dividend payout ratio (DPR) is currently 99.19%.

Analysts Set New Price Targets

CDP has been the topic of a number of research reports. Jefferies Financial Group started coverage on shares of COPT Defense Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $31.00 price target on the stock. Truist Financial upped their target price on COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $33.43.

COPT Defense Properties 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.