COPT Defense Properties (NYSE:CDP) Reaches New 52-Week High – Time to Buy?

Shares of COPT Defense Properties (NYSE:CDP) hit a new 52-week high on Wednesday . The stock traded as high as $33.33 and last traded at $32.43, with a volume of 7792 shares changing hands. The stock had previously closed at $32.13.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CDP shares. Evercore restated an “outperform” rating and issued a $38.00 price objective on shares of COPT Defense Properties in a research report on Tuesday, April 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $37.00 target price on shares of COPT Defense Properties in a report on Wednesday, April 29th. Jefferies Financial Group boosted their target price on shares of COPT Defense Properties from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Weiss Ratings raised shares of COPT Defense Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. Finally, Truist Financial raised their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, COPT Defense Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.50.

COPT Defense Properties Stock Up 0.2%

The company has a market cap of $3.68 billion, a price-to-earnings ratio of 23.49 and a beta of 0.80. The business has a fifty day moving average of $31.71 and a two-hundred day moving average of $30.75. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 1.63.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.34). The business had revenue of $200.64 million during the quarter, compared to analyst estimates of $185.10 million. COPT Defense Properties had a net margin of 20.10% and a return on equity of 10.02%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $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. As a group, equities analysts anticipate that COPT Defense Properties will post 2.78 EPS for the current fiscal year.

COPT Defense Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 dividend on an annualized basis and a yield of 3.9%. COPT Defense Properties’s dividend payout ratio (DPR) is currently 92.75%.

Hedge Funds Weigh In On COPT Defense Properties

A number of large investors have recently added to or reduced their stakes in CDP. Royal Bank of Canada lifted its holdings in COPT Defense Properties by 12.1% during the first quarter. Royal Bank of Canada now owns 104,602 shares of the company’s stock valued at $2,853,000 after purchasing an additional 11,316 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of COPT Defense Properties by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,030 shares of the company’s stock worth $1,828,000 after purchasing an additional 2,931 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of COPT Defense Properties by 5.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 834,042 shares of the company’s stock worth $22,744,000 after purchasing an additional 39,683 shares during the last quarter. Jane Street Group LLC raised its position in shares of COPT Defense Properties by 152.4% during the 1st quarter. Jane Street Group LLC now owns 214,122 shares of the company’s stock worth $5,839,000 after purchasing an additional 129,303 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in COPT Defense Properties by 11.8% in the 2nd quarter. Invesco Ltd. now owns 758,513 shares of the company’s stock valued at $20,920,000 after buying an additional 80,153 shares in the last quarter.

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.