COPT Defense Properties (NYSE:CDP) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of COPT Defense Properties (NYSE:CDP) have received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $33.1429.

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price target on COPT Defense Properties from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 17th. Truist Financial boosted their target price on COPT Defense Properties from $30.00 to $31.00 and gave the stock a “hold” rating in a research report on Monday, December 15th. Jefferies Financial Group upped their price target on COPT Defense Properties from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, October 13th. New Street Research set a $33.00 price target on shares of COPT Defense Properties in a research report on Monday, October 13th. Finally, Evercore ISI decreased their price objective on shares of COPT Defense Properties from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, December 15th.

Institutional Trading of COPT Defense Properties

Several hedge funds have recently added to or reduced their stakes in CDP. HighTower Advisors LLC grew its stake in COPT Defense Properties by 6.6% in the first quarter. HighTower Advisors LLC now owns 19,575 shares of the company’s stock valued at $534,000 after acquiring an additional 1,210 shares during the period. State of Wyoming raised its position in shares of COPT Defense Properties by 5.1% during the first quarter. State of Wyoming now owns 14,048 shares of the company’s stock worth $383,000 after purchasing an additional 683 shares during the period. Quarry LP lifted its holdings in shares of COPT Defense Properties by 102.0% during the 1st quarter. Quarry LP now owns 1,186 shares of the company’s stock valued at $32,000 after purchasing an additional 599 shares in the last quarter. Graham Capital Management L.P. grew its position in shares of COPT Defense Properties by 796.3% in the 1st quarter. Graham Capital Management L.P. now owns 72,181 shares of the company’s stock valued at $1,968,000 after purchasing an additional 64,128 shares during the period. Finally, Royal Bank of Canada increased its stake in COPT Defense Properties by 12.1% during the 1st quarter. Royal Bank of Canada now owns 104,602 shares of the company’s stock worth $2,853,000 after purchasing an additional 11,316 shares in the last quarter.

COPT Defense Properties Stock Up 0.1%

Shares of NYSE:CDP opened at $28.31 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 21.28 and a beta of 0.84. The company has a 50 day moving average of $29.03 and a 200-day moving average of $28.76. 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 announced its quarterly earnings data on Thursday, October 30th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. COPT Defense Properties had a net margin of 19.99% and a return on equity of 9.71%. The firm had revenue of $188.80 million for the quarter, compared to analysts’ expectations of $187.63 million. During the same period last year, the firm earned $0.65 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. COPT Defense Properties has set its FY 2025 guidance at 2.690-2.710 EPS and its Q4 2025 guidance at 0.670-0.690 EPS. On average, sell-side analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.305 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.22 annualized dividend and a dividend yield of 4.3%. COPT Defense Properties’s payout ratio is 91.73%.

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.