Brokerages Set COPT Defense Properties (NYSE:CDP) Price Target at $33.88

COPT Defense Properties (NYSE:CDP) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $33.8750.

CDP has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of COPT Defense Properties in a research report on Wednesday, January 21st. Jefferies Financial Group upped their price objective on shares of COPT Defense Properties from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Citigroup upped their price objective on shares of COPT Defense Properties from $29.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Truist Financial upped their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Finally, Evercore reissued an “outperform” rating on shares of COPT Defense Properties in a research report on Friday, February 6th.

Insider Activity at COPT Defense Properties

In other news, Director Philip L. Hawkins sold 5,536 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $32.71, for a total transaction of $181,082.56. Following the transaction, the director owned 15,188 shares of the company’s stock, valued at approximately $496,799.48. This trade represents a 26.71% 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.

Hedge Funds Weigh In On COPT Defense Properties

Several large investors have recently modified their holdings of the stock. Hsbc Holdings PLC lifted its position in shares of COPT Defense Properties by 25.2% during the fourth quarter. Hsbc Holdings PLC now owns 196,540 shares of the company’s stock worth $5,466,000 after purchasing an additional 39,524 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of COPT Defense Properties by 15,030.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 477,073 shares of the company’s stock worth $13,263,000 after purchasing an additional 473,920 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of COPT Defense Properties by 283.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,173 shares of the company’s stock worth $88,000 after purchasing an additional 2,346 shares during the last quarter. Invesco Ltd. lifted its position in shares of COPT Defense Properties by 1.3% during the fourth quarter. Invesco Ltd. now owns 768,242 shares of the company’s stock worth $21,357,000 after purchasing an additional 10,221 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of COPT Defense Properties by 47.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 10,723 shares of the company’s stock worth $298,000 after purchasing an additional 3,439 shares during the last quarter.

COPT Defense Properties Stock Performance

NYSE:CDP opened at $31.29 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 3.95 and a quick ratio of 3.95. The firm has a 50-day moving average of $31.61 and a two-hundred day moving average of $29.95. The stock has a market cap of $3.55 billion, a P/E ratio of 23.17 and a beta of 0.86. COPT Defense Properties has a 1-year low of $23.92 and a 1-year high of $32.82.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $197.36 million during the quarter, compared to analysts’ expectations of $188.79 million. COPT Defense Properties had a net margin of 19.94% and a return on equity of 9.82%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS. COPT Defense Properties has set its FY 2026 guidance at 2.710-2.790 EPS and its Q1 2026 guidance at 0.670-0.690 EPS. On average, research analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 4.1%. COPT Defense Properties’s dividend payout ratio is 94.81%.

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.