COPT Defense Properties (NYSE:CDP) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of COPT Defense Properties (NYSE:CDP) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $33.75.

Several research analysts have issued reports on the company. New Street Research set a $33.00 target price on COPT Defense Properties in a research report on Monday, October 13th. Jefferies Financial Group raised their target price on COPT Defense Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of COPT Defense Properties in a research report on Wednesday, October 8th. Evercore ISI dropped their target price on COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, September 29th. Finally, JPMorgan Chase & Co. raised their target price 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.

Insider Transactions at COPT Defense Properties

In other COPT Defense Properties news, Director Lisa G. Trimberger sold 4,896 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $30.72, for a total value of $150,405.12. Following the transaction, the director directly owned 20,287 shares of the company’s stock, valued at approximately $623,216.64. This trade represents a 19.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.42% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CDP. Nuveen LLC purchased a new position in shares of COPT Defense Properties during the 1st quarter valued at about $52,679,000. Norges Bank purchased a new position in shares of COPT Defense Properties during the 2nd quarter valued at about $39,371,000. Westwood Holdings Group Inc. lifted its position in shares of COPT Defense Properties by 25.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 3,627,108 shares of the company’s stock valued at $98,911,000 after buying an additional 741,765 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of COPT Defense Properties during the 1st quarter valued at about $19,737,000. Finally, Alliancebernstein L.P. lifted its position in shares of COPT Defense Properties by 9.4% during the 1st quarter. Alliancebernstein L.P. now owns 6,834,820 shares of the company’s stock valued at $186,386,000 after buying an additional 586,966 shares in the last quarter.

COPT Defense Properties Price Performance

NYSE CDP opened at $28.79 on Thursday. COPT Defense Properties has a one year low of $23.92 and a one year high of $34.22. The stock has a 50-day moving average of $29.05 and a 200 day moving average of $28.16. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 22.49 and a beta of 0.94. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.96 and a current ratio of 2.96.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. COPT Defense Properties had a return on equity of 9.38% and a net margin of 19.23%.The company had revenue of $178.27 million during the quarter, compared to the consensus estimate of $187.63 million. During the same period last year, the company earned $0.65 EPS. COPT Defense Properties’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. Q4 2025 guidance at 0.670-0.690 EPS. On average, sell-side analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th were given a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, September 30th. COPT Defense Properties’s dividend payout ratio (DPR) is presently 91.73%.

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.