COPT Defense Properties (NYSE:CDP) Hits New 12-Month High – Here’s Why

COPT Defense Properties (NYSE:CDP)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $33.41 and last traded at $33.3360, with a volume of 29697 shares traded. The stock had previously closed at $32.88.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CDP. Truist Financial increased their target price on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Monday. Cantor Fitzgerald reiterated an “overweight” rating and set a $37.00 price target on shares of COPT Defense Properties in a research report on Wednesday, April 29th. Weiss Ratings upgraded shares of COPT Defense Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, April 21st. Evercore reiterated an “outperform” rating and set a $38.00 price target on shares of COPT Defense Properties in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.00.

COPT Defense Properties Stock Performance

The stock has a 50-day moving average of $31.95 and a 200 day moving average of $31.01. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.85 and a quick ratio of 2.85. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 24.83 and a beta of 0.79.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.34). The firm had revenue of $200.64 million during the quarter, compared to analyst estimates of $185.10 million. COPT Defense Properties had a return on equity of 10.02% and a net margin of 20.10%.COPT Defense Properties’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 earnings per share. COPT Defense Properties has set its FY 2026 guidance at 2.730-2.790 EPS and its Q2 2026 guidance at 0.680-0.700 EPS. On average, analysts expect that COPT Defense Properties will post 2.78 EPS for the current year.

COPT Defense Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.28 annualized dividend and a yield of 3.7%. COPT Defense Properties’s dividend payout ratio is presently 92.75%.

Insiders Place Their Bets

In other COPT Defense Properties news, Director Robert L. Denton sold 3,922 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $32.38, for a total value of $126,994.36. Following the transaction, the director owned 3,803 shares of the company’s stock, valued at approximately $123,141.14. This represents a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.66% of the company’s stock.

Hedge Funds Weigh In On COPT Defense Properties

Several hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in COPT Defense Properties by 16.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,424 shares of the company’s stock valued at $74,000 after buying an additional 339 shares during the period. California State Teachers Retirement System lifted its stake in COPT Defense Properties by 0.4% in the second quarter. California State Teachers Retirement System now owns 104,190 shares of the company’s stock valued at $2,874,000 after buying an additional 457 shares during the period. State of Michigan Retirement System lifted its stake in COPT Defense Properties by 1.9% in the first quarter. State of Michigan Retirement System now owns 27,213 shares of the company’s stock valued at $833,000 after buying an additional 500 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in COPT Defense Properties by 2.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,780 shares of the company’s stock valued at $588,000 after buying an additional 513 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in COPT Defense Properties by 2.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 23,198 shares of the company’s stock valued at $710,000 after buying an additional 600 shares during the period.

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.