COPT Defense Properties (NYSE:CDP) Receives $36.25 Consensus Target Price from Brokerages

COPT Defense Properties (NYSE:CDP) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $36.25.

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of COPT Defense Properties in a research note on Friday, July 17th. Wells Fargo & Company boosted their target price on shares of COPT Defense Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $37.00 target price on shares of COPT Defense Properties in a report on Thursday, June 25th. Evercore reaffirmed an “outperform” rating and set a $42.00 target price on shares of COPT Defense Properties in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. increased 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.

Insider Buying and Selling

In related news, Director Robert L. Denton sold 3,922 shares of the firm’s stock in a transaction on 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 directly owned 3,803 shares of the company’s stock, valued at approximately $123,141.14. This trade represents a 50.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.66% of the company’s stock.

Institutional Trading of COPT Defense Properties

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in shares of COPT Defense Properties by 16.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,424 shares of the company’s stock worth $74,000 after buying an additional 339 shares during the period. California State Teachers Retirement System grew its stake in shares of COPT Defense Properties by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 104,190 shares of the company’s stock valued at $2,874,000 after acquiring an additional 457 shares during the period. GAMMA Investing LLC increased its holdings in COPT Defense Properties by 20.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,880 shares of the company’s stock worth $105,000 after acquiring an additional 498 shares in the last quarter. State of Michigan Retirement System increased its holdings in COPT Defense Properties by 1.9% in the 1st quarter. State of Michigan Retirement System now owns 27,213 shares of the company’s stock worth $833,000 after acquiring an additional 500 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in COPT Defense Properties by 2.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,780 shares of the company’s stock worth $588,000 after acquiring an additional 513 shares during the period.

COPT Defense Properties Stock Down 0.8%

COPT Defense Properties stock opened at $36.97 on Friday. The stock has a market cap of $4.19 billion, a PE ratio of 25.67 and a beta of 0.76. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.89 and a current ratio of 2.89. COPT Defense Properties has a one year low of $27.06 and a one year high of $38.90. The stock has a fifty day moving average of $36.32 and a 200 day moving average of $33.34.

COPT Defense Properties (NYSE:CDP) last posted its earnings results on Monday, July 27th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.07. The company had revenue of $197.39 million for the quarter, compared to the consensus estimate of $189.36 million. COPT Defense Properties had a return on equity of 10.48% and a net margin of 20.94%.During the same quarter in the prior year, the company earned $0.34 earnings per share. COPT Defense Properties has set its FY 2026 guidance at 1.390-1.430 EPS and its Q3 2026 guidance at 0.370-0.390 EPS. As a group, sell-side analysts predict that COPT Defense Properties will post 2.78 EPS for the current year.

COPT Defense Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, September 30th. COPT Defense Properties’s dividend payout ratio is 88.89%.

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.