COPT Defense Properties (NYSE:CDP) Issues Quarterly Earnings Results

COPT Defense Properties (NYSE:CDP) announced its quarterly earnings data on Monday. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.38, Zacks reports. COPT Defense Properties had a return on equity of 10.02% and a net margin of 20.10%. 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 Price Performance

Shares of CDP stock traded up $0.24 on Monday, hitting $38.27. 869,358 shares of the company’s stock were exchanged, compared to its average volume of 1,106,221. The company has a 50 day moving average of $34.70 and a 200 day moving average of $32.57. The stock has a market cap 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 current ratio of 2.85 and a quick ratio of 2.85. COPT Defense Properties has a 12 month low of $26.91 and a 12 month high of $38.54.

COPT Defense Properties Dividend Announcement

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

Insider Transactions at COPT Defense Properties

In other COPT Defense Properties news, Director Robert L. Denton sold 3,922 shares of COPT Defense Properties 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 in the company, valued at $123,141.14. The trade was a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On COPT Defense Properties

Hedge funds have recently made changes to their positions in the stock. Invesco Ltd. increased its position in COPT Defense Properties by 1.3% during the 4th quarter. Invesco Ltd. now owns 768,242 shares of the company’s stock worth $21,357,000 after purchasing an additional 10,221 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in COPT Defense Properties by 47.2% in 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 in the last quarter. State of Tennessee Department of Treasury boosted its position in COPT Defense Properties by 7.7% in the fourth quarter. State of Tennessee Department of Treasury now owns 370,872 shares of the company’s stock valued at $11,427,000 after buying an additional 26,453 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of COPT Defense Properties during the fourth quarter worth $234,000. Finally, Wellington Management Group LLP grew its stake in shares of COPT Defense Properties by 135.7% during the fourth quarter. Wellington Management Group LLP now owns 865,165 shares of the company’s stock worth $24,052,000 after buying an additional 498,175 shares during the last quarter.

Analyst Upgrades and Downgrades

CDP has been the topic of a number of recent analyst reports. Evercore restated an “outperform” rating and issued a $42.00 price target on shares of COPT Defense Properties in a research report on Monday. Truist Financial increased their price objective on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Monday, June 8th. Weiss Ratings reissued a “buy (b)” rating on shares of COPT Defense Properties in a report on Friday, July 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $37.00 target price on shares of COPT Defense Properties in a research report on Thursday, June 25th. Finally, Wells Fargo & Company upped their price target on shares of COPT Defense Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.