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

COPT Defense Properties (NYSE:CDP) has been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $33.75.

A number of research analysts recently commented on CDP shares. Jefferies Financial Group boosted their price target on COPT Defense Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of COPT Defense Properties in a report on Wednesday, October 8th. Evercore ISI lowered their price target on COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, September 29th. JPMorgan Chase & Co. boosted their price target on COPT Defense Properties from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Finally, New Street Research set a $33.00 price target on COPT Defense Properties in a report on Monday, October 13th.

COPT Defense Properties Stock Up 0.8%

NYSE CDP opened at $28.79 on Thursday. The stock’s 50 day moving average is $29.05 and its 200 day moving average is $28.16. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.58. COPT Defense Properties has a 12 month low of $23.92 and a 12 month high of $34.22. The stock has a market cap of $3.25 billion, a PE ratio of 22.49 and a beta of 0.94.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $187.63 million. During the same period in the previous year, the firm earned $0.65 EPS. The firm’s revenue was down .2% compared to the same quarter last year. COPT Defense Properties has set its FY 2025 guidance at 2.690-2.710 EPS. Q4 2025 guidance at 0.670-0.690 EPS. Research analysts predict that COPT Defense Properties will post 2.67 EPS 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 of this dividend was Tuesday, September 30th. This represents a $1.22 dividend on an annualized basis and a yield of 4.2%. COPT Defense Properties’s payout ratio is presently 91.73%.

Insider Transactions at COPT Defense Properties

In other COPT Defense Properties news, Director Lisa G. Trimberger sold 3,000 shares of COPT Defense Properties stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $30.52, for a total value of $91,560.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.42% of the stock is currently owned by insiders.

Institutional Trading of COPT Defense Properties

Large investors have recently added to or reduced their stakes in the company. Quarry LP increased its stake in COPT Defense Properties by 102.0% in the 1st quarter. Quarry LP now owns 1,186 shares of the company’s stock worth $32,000 after acquiring an additional 599 shares during the last quarter. Financial Consulate Inc. bought a new stake in COPT Defense Properties in the 3rd quarter worth approximately $39,000. GAMMA Investing LLC increased its stake in COPT Defense Properties by 59.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,504 shares of the company’s stock worth $41,000 after acquiring an additional 561 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in COPT Defense Properties by 1,176.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock worth $46,000 after acquiring an additional 1,553 shares during the last quarter. Finally, Brooklyn Investment Group increased its position in shares of COPT Defense Properties by 9,030.4% during the 1st quarter. Brooklyn Investment Group now owns 2,100 shares of the company’s stock valued at $57,000 after purchasing an additional 2,077 shares during the last quarter.

About COPT Defense Properties

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.