COPT Defense Properties (NYSE:CDP) Receives $32.86 Consensus Price Target from Analysts

Shares of COPT Defense Properties (NYSE:CDP) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $32.8571.

CDP has been the subject of a number of research reports. Jefferies Financial Group raised their price objective on COPT Defense Properties from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Truist Financial increased their target price on COPT Defense Properties from $30.00 to $31.00 and gave the stock a “hold” rating in a report on Monday, December 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of COPT Defense Properties in a research report on Wednesday, October 8th. New Street Research set a $33.00 price target on shares of COPT Defense Properties in a research note on Monday, October 13th. Finally, Cantor Fitzgerald set a $33.00 price objective on shares of COPT Defense Properties in a report on Monday, January 5th.

COPT Defense Properties Trading Up 0.2%

CDP opened at $30.39 on Tuesday. The company has a fifty day moving average price of $29.34 and a two-hundred day moving average price of $28.88. COPT Defense Properties has a 1-year low of $23.92 and a 1-year high of $31.24. The company has a market cap of $3.44 billion, a P/E ratio of 22.85 and a beta of 0.86. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.57.

COPT Defense Properties (NYSE:CDP) last issued its earnings results on Thursday, October 30th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. COPT Defense Properties had a return on equity of 9.71% and a net margin of 19.99%.The company had revenue of $188.80 million during the quarter, compared to the consensus estimate of $187.63 million. During the same period last year, the business posted $0.65 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. 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. Analysts predict that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Wednesday, December 31st. COPT Defense Properties’s dividend payout ratio is currently 91.73%.

Hedge Funds Weigh In On COPT Defense Properties

A number of hedge funds have recently bought and sold shares of CDP. Vanguard Group Inc. grew its stake in COPT Defense Properties by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 16,999,275 shares of the company’s stock valued at $493,999,000 after purchasing an additional 205,143 shares during the period. Alliancebernstein L.P. raised its stake in shares of 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. boosted its holdings in shares of COPT Defense Properties by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,566,073 shares of the company’s stock worth $103,630,000 after buying an additional 253,558 shares during the last quarter. Geode Capital Management LLC grew its position in COPT Defense Properties by 1.5% during the second quarter. Geode Capital Management LLC now owns 3,101,692 shares of the company’s stock valued at $85,553,000 after buying an additional 45,375 shares during the period. Finally, Channing Capital Management LLC grew its position in COPT Defense Properties by 21.0% during the third 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 (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.