COPT Defense Properties (NYSE:CDP) Receives $33.14 Consensus Price Target from Analysts

Shares of COPT Defense Properties (NYSE:CDP) have been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $33.1429.

CDP has been the topic of a number of recent research reports. Evercore ISI dropped their target price on COPT Defense Properties from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Wells Fargo & Company increased their price target on COPT Defense Properties from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. New Street Research set a $33.00 price objective on shares of COPT Defense Properties in a report on Monday, October 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of COPT Defense Properties in a research note on Wednesday, October 8th. Finally, Truist Financial raised their price target on shares of COPT Defense Properties from $30.00 to $31.00 and gave the company a “hold” rating in a research report on Monday, December 15th.

COPT Defense Properties Stock Down 0.7%

COPT Defense Properties stock opened at $28.17 on Friday. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 21.18 and a beta of 0.84. The firm’s fifty day moving average price is $29.03 and its two-hundred day moving average price is $28.76. COPT Defense Properties has a 1-year low of $23.92 and a 1-year high of $31.49. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.57.

COPT Defense Properties (NYSE:CDP) last posted its earnings results on Thursday, October 30th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $188.80 million for the quarter, compared to analyst estimates of $187.63 million. COPT Defense Properties had a net margin of 19.99% and a return on equity of 9.71%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. 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, equities research analysts predict that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.305 per share. 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 dividend payout ratio (DPR) is currently 91.73%.

Institutional Trading of COPT Defense Properties

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in COPT Defense Properties in the second quarter worth $39,371,000. Alliancebernstein L.P. raised its stake in shares of COPT Defense Properties by 16.8% during the 3rd quarter. Alliancebernstein L.P. now owns 8,457,373 shares of the company’s stock worth $245,771,000 after purchasing an additional 1,215,936 shares during the period. GRS Advisors LLC purchased a new position in shares of COPT Defense Properties in the 3rd quarter worth about $28,399,000. Two Sigma Investments LP grew its position in COPT Defense Properties by 289.9% during the third quarter. Two Sigma Investments LP now owns 900,047 shares of the company’s stock valued at $26,155,000 after buying an additional 669,181 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in COPT Defense Properties by 323.0% during the third quarter. Ameriprise Financial Inc. now owns 791,867 shares of the company’s stock worth $23,013,000 after buying an additional 604,670 shares during 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.