Analysts Set COPT Defense Properties (NYSE:CDP) Price Target at $33.57

Shares of COPT Defense Properties (NYSE:CDP) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $33.75.

CDP has been the topic of a number of analyst reports. Evercore ISI lowered their target price on shares of COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, September 29th. Jefferies Financial Group increased their price objective on shares of COPT Defense Properties from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Cantor Fitzgerald began coverage on shares of COPT Defense Properties in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $35.00 price objective for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of COPT Defense Properties in a research note on Wednesday, October 8th. Finally, New Street Research set a $33.00 price objective on shares of COPT Defense Properties in a research note on Monday, October 13th.

Insider Buying and Selling

In other COPT Defense Properties news, Director Lisa G. Trimberger sold 3,000 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $30.52, for a total value of $91,560.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.42% of the company’s stock.

Institutional Investors Weigh In On COPT Defense Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in CDP. Nuveen LLC bought a new position in shares of COPT Defense Properties during the 1st quarter valued at approximately $52,679,000. Norges Bank bought a new position in shares of COPT Defense Properties during the 2nd quarter valued at approximately $39,371,000. Westwood Holdings Group Inc. grew 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 acquiring an additional 741,765 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of COPT Defense Properties during the 1st quarter valued at approximately $19,737,000. Finally, Alliancebernstein L.P. grew 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 acquiring an additional 586,966 shares during the period.

COPT Defense Properties Trading Up 0.3%

CDP opened at $28.02 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.96 and a quick ratio of 2.96. COPT Defense Properties has a fifty-two week low of $23.92 and a fifty-two week high of $34.22. The firm has a market capitalization of $3.16 billion, a PE ratio of 21.89 and a beta of 0.94. The company’s 50-day moving average is $29.04 and its 200 day moving average is $27.92.

COPT Defense Properties (NYSE:CDP) last posted its earnings results on Monday, July 28th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The company had revenue of $175.60 million for the quarter, compared to analyst estimates of $186.55 million. During the same quarter in the prior year, the business posted $0.64 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. COPT Defense Properties has set its Q3 2025 guidance at 0.660-0.680 EPS. FY 2025 guidance at 2.650-2.690 EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th were paid a $0.305 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.22 annualized dividend and a yield of 4.4%. COPT Defense Properties’s dividend payout ratio (DPR) is 95.31%.

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.