COPT Defense Properties (NYSE:CDP) Posts Quarterly Earnings Results, Beats Estimates By $0.38 EPS

COPT Defense Properties (NYSE:CDP) posted its quarterly earnings results on Monday. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.38, Zacks reports. COPT Defense Properties had a net margin of 20.10% and a return on equity of 10.02%. COPT Defense Properties updated its FY 2026 guidance to 1.390-1.430 EPS and its Q3 2026 guidance to 0.370-0.390 EPS.

COPT Defense Properties Stock Performance

Shares of NYSE CDP traded up $0.24 during midday trading on Monday, hitting $38.27. 869,358 shares of the stock traded hands, compared to its average volume of 1,103,463. The firm has a 50-day moving average of $34.70 and a two-hundred day moving average of $32.57. The firm has a market capitalization of $4.34 billion, a P/E ratio of 27.74 and a beta of 0.76. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.85 and a current ratio of 2.85. COPT Defense Properties has a one year low of $26.91 and a one year high of $38.54.

COPT Defense Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.28 dividend on an annualized basis and a yield of 3.3%. COPT Defense Properties’s payout ratio is currently 92.75%.

Insider Activity

In related news, Director Robert L. Denton sold 3,922 shares of COPT Defense Properties stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $32.38, for a total value of $126,994.36. Following the completion of the sale, the director owned 3,803 shares of the company’s stock, valued at $123,141.14. The trade was a 50.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On COPT Defense Properties

A number of hedge funds and other institutional investors have recently modified their holdings of CDP. CIBC Bancorp USA Inc. bought a new stake in shares of COPT Defense Properties in the third quarter worth about $353,000. Brooklyn Investment Group purchased a new stake in shares of COPT Defense Properties in the fourth quarter worth about $332,000. Twinbeech Capital LP bought a new position in COPT Defense Properties during the fourth quarter valued at approximately $302,000. Mercer Global Advisors Inc. ADV boosted its stake in 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 valued at $298,000 after buying an additional 3,439 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in COPT Defense Properties by 15.9% during the 4th quarter. Quadrant Capital Group LLC now owns 8,649 shares of the company’s stock valued at $240,000 after buying an additional 1,185 shares in the last quarter.

Analyst Upgrades and Downgrades

CDP has been the topic of several analyst reports. Evercore reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of COPT Defense Properties in a research report on Monday. Truist Financial lifted their target price on COPT Defense Properties from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Monday, June 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $37.00 target price on shares of COPT Defense Properties in a report on Thursday, June 25th. JPMorgan Chase & Co. boosted their price target on COPT Defense Properties from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of COPT Defense Properties in a research report on Friday, July 17th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.50.

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.