Truist Financial Issues Positive Forecast for COPT Defense Properties (NYSE:CDP) Stock Price

COPT Defense Properties (NYSE:CDP) had its price target upped by Truist Financial from $30.00 to $31.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target points to a potential upside of 4.75% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of COPT Defense Properties in a research note on Wednesday, October 8th. Cantor Fitzgerald assumed coverage on COPT Defense Properties in a report on Wednesday, October 1st. They issued an “overweight” rating and a $35.00 price target for the company. Jefferies Financial Group boosted their price objective on COPT Defense Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Evercore ISI dropped their price objective on shares of COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, September 29th. Finally, Wells Fargo & Company upped their price objective on COPT Defense Properties from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, COPT Defense Properties presently has an average rating of “Moderate Buy” and a consensus target price of $33.29.

COPT Defense Properties Stock Up 1.4%

NYSE CDP opened at $29.59 on Monday. The business has a fifty day moving average price of $28.92 and a 200 day moving average price of $28.71. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.34 and a current ratio of 2.34. The company has a market cap of $3.35 billion, a P/E ratio of 22.19 and a beta of 0.84. COPT Defense Properties has a one year low of $23.92 and a one year high of $32.88.

COPT Defense Properties (NYSE:CDP) last released its earnings results on Thursday, October 30th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The business had revenue of $188.80 million during the quarter, compared to analyst estimates of $187.63 million. COPT Defense Properties had a net margin of 19.99% and a return on equity of 9.71%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share. COPT Defense Properties has set its FY 2025 guidance at 2.690-2.710 EPS and its Q4 2025 guidance at 0.670-0.690 EPS. Research analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

Insider Buying and Selling at COPT Defense Properties

In related news, Director Lisa G. Trimberger sold 4,896 shares of COPT Defense Properties stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $30.72, for a total value of $150,405.12. Following the completion of the transaction, the director owned 20,287 shares in the company, valued at approximately $623,216.64. The trade was a 19.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.42% of the company’s stock.

Hedge Funds Weigh In On COPT Defense Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CDP. Vanguard Group Inc. raised its stake in shares of COPT Defense Properties by 1.2% in the third quarter. Vanguard Group Inc. now owns 16,999,275 shares of the company’s stock valued at $493,999,000 after acquiring an additional 205,143 shares in the last quarter. Alliancebernstein L.P. increased its holdings in COPT Defense Properties by 16.8% during the 3rd quarter. Alliancebernstein L.P. now owns 8,457,373 shares of the company’s stock worth $245,771,000 after purchasing an additional 1,215,936 shares during the period. JPMorgan Chase & Co. raised its position in COPT Defense Properties by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,566,073 shares of the company’s stock valued at $103,630,000 after purchasing an additional 253,558 shares in the last quarter. Geode Capital Management LLC raised its position in COPT Defense Properties by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 3,101,692 shares of the company’s stock valued at $85,553,000 after purchasing an additional 45,375 shares in the last quarter. Finally, Channing Capital Management LLC boosted its stake in shares of COPT Defense Properties by 21.0% in the 3rd quarter. Channing Capital Management LLC now owns 2,913,596 shares of the company’s stock valued at $84,669,000 after buying an additional 506,593 shares during the period.

COPT Defense Properties Company Profile

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.