COPT Defense Properties (NYSE:CDP) Price Target Raised to $40.00

COPT Defense Properties (NYSE:CDP) had its target price hoisted by Citigroup from $34.00 to $40.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also issued reports on CDP. Weiss Ratings reaffirmed a “buy (b)” rating on shares of COPT Defense Properties in a research report on Friday, July 17th. JPMorgan Chase & Co. upped their price target on COPT Defense Properties from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Truist Financial increased their price target on COPT Defense Properties from $33.00 to $34.00 and gave the company a “hold” rating in a research note on Monday, June 8th. Evercore restated an “outperform” rating and set a $42.00 price objective on shares of COPT Defense Properties in a research report on Monday, July 27th. Finally, Wells Fargo & Company lifted their price objective on COPT Defense Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, COPT Defense Properties has an average rating of “Moderate Buy” and an average target price of $36.25.

COPT Defense Properties Price Performance

CDP stock opened at $37.95 on Thursday. The company has a fifty day moving average price of $35.31 and a 200-day moving average price of $32.86. The company has a market capitalization of $4.30 billion, a P/E ratio of 26.36 and a beta of 0.76. COPT Defense Properties has a 52-week low of $26.91 and a 52-week high of $38.90. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.85 and a current ratio of 2.89.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings results 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 net margin of 20.94% and a return on equity of 10.48%. The company had revenue of $197.39 million for the quarter, compared to analyst estimates of $189.36 million. During the same quarter in the previous year, the business earned $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 analysts expect that COPT Defense Properties will post 2.78 EPS for the current year.

COPT Defense Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.28 annualized dividend and a dividend yield of 3.4%. COPT Defense Properties’s dividend payout ratio (DPR) is 88.89%.

Insider Buying and Selling at COPT Defense Properties

In related news, Director Robert L. Denton sold 3,922 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $32.38, for a total transaction of $126,994.36. Following the transaction, the director owned 3,803 shares in the company, valued at $123,141.14. The trade was a 50.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On COPT Defense Properties

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC acquired a new position in shares of COPT Defense Properties during the fourth quarter valued at about $27,000. EverSource Wealth Advisors LLC grew its stake in shares of COPT Defense Properties by 1,176.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock valued at $46,000 after buying an additional 1,553 shares during the period. Optima Capital LLC acquired a new stake in shares of COPT Defense Properties in the 4th quarter valued at about $63,000. GAMMA Investing LLC increased its position in COPT Defense Properties by 20.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,880 shares of the company’s stock valued at $105,000 after buying an additional 498 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in COPT Defense Properties by 283.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,173 shares of the company’s stock valued at $88,000 after buying an additional 2,346 shares in the last quarter.

About COPT Defense Properties

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.