COPT Defense Properties (NYSE:CDP) Receives $34.38 Average Price Target from Brokerages

Shares of COPT Defense Properties (NYSE:CDP) have received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $34.3750.

CDP has been the topic of several research analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $37.00 price target on shares of COPT Defense Properties in a report on Wednesday, April 29th. Jefferies Financial Group lifted their price objective on COPT Defense Properties from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Citigroup upped their price objective on COPT Defense Properties from $29.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Weiss Ratings raised COPT Defense Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. Finally, Evercore restated an “outperform” rating and set a $38.00 price target on shares of COPT Defense Properties in a research note on Tuesday, April 28th.

COPT Defense Properties Stock Up 2.4%

CDP opened at $31.72 on Thursday. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 22.99 and a beta of 0.80. The firm has a 50 day moving average price of $31.78 and a 200-day moving average price of $30.38. COPT Defense Properties has a twelve month low of $26.37 and a twelve month high of $33.29. The company has a quick ratio of 3.95, a current ratio of 2.85 and a debt-to-equity ratio of 1.63.

COPT Defense Properties (NYSE:CDP) last issued its earnings results on Monday, April 27th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.34). COPT Defense Properties had a return on equity of 10.02% and a net margin of 20.10%.The company had revenue of $200.64 million during the quarter, compared to analysts’ expectations of $185.10 million. During the same quarter in the prior year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. 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. Equities research analysts forecast that COPT Defense Properties will post 2.78 earnings per share for the current year.

COPT Defense Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.0%. COPT Defense Properties’s payout ratio is 92.75%.

Insider Transactions at COPT Defense Properties

In related news, Director Philip L. Hawkins sold 5,536 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $32.71, for a total transaction of $181,082.56. Following the completion of the sale, the director directly owned 15,188 shares in the company, valued at approximately $496,799.48. The trade was a 26.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of COPT Defense Properties by 12.1% during the 1st quarter. Royal Bank of Canada now owns 104,602 shares of the company’s stock valued at $2,853,000 after acquiring an additional 11,316 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in COPT Defense Properties by 4.6% in the 1st 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in COPT Defense Properties by 5.0% in 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 period. Jane Street Group LLC lifted its position in COPT Defense Properties by 152.4% during the first quarter. Jane Street Group LLC now owns 214,122 shares of the company’s stock valued at $5,839,000 after purchasing an additional 129,303 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in COPT Defense Properties by 11.8% during the second quarter. Invesco Ltd. now owns 758,513 shares of the company’s stock valued at $20,920,000 after purchasing an additional 80,153 shares during the period.

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.