Brokerages Set COPT Defense Properties (NYSE:CDP) Target Price at $33.88

Shares of COPT Defense Properties (NYSE:CDP) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $33.8750.

Several research firms recently weighed in on CDP. Citigroup boosted their price target on shares of COPT Defense Properties from $29.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Truist Financial increased their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. Evercore reissued an “outperform” rating on shares of COPT Defense Properties in a research report on Friday, February 6th. Wells Fargo & Company boosted their target price on COPT Defense Properties from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. Finally, Cantor Fitzgerald upped their target price on COPT Defense Properties from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, February 9th.

Insider Activity

In other news, Director Philip L. Hawkins sold 5,536 shares of COPT Defense Properties stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $32.71, for a total transaction of $181,082.56. Following the sale, the director directly owned 15,188 shares in the company, valued at $496,799.48. The trade was a 26.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Institutional Trading of COPT Defense Properties

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of COPT Defense Properties by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 17,127,858 shares of the company’s stock worth $476,154,000 after purchasing an additional 128,583 shares during the last quarter. Alliancebernstein L.P. grew its holdings in COPT Defense Properties by 16.8% during the third quarter. Alliancebernstein L.P. now owns 8,457,373 shares of the company’s stock valued at $245,771,000 after purchasing an additional 1,215,936 shares during the period. JPMorgan Chase & Co. increased its position in COPT Defense Properties by 8.3% in the fourth quarter. JPMorgan Chase & Co. now owns 3,862,294 shares of the company’s stock worth $107,372,000 after buying an additional 296,221 shares during the last quarter. Geode Capital Management LLC increased its position in COPT Defense Properties by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,149,130 shares of the company’s stock worth $87,558,000 after buying an additional 17,049 shares during the last quarter. Finally, Channing Capital Management LLC raised its stake in shares of COPT Defense Properties by 21.0% in 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 Trading Down 0.5%

Shares of COPT Defense Properties stock opened at $31.82 on Wednesday. The stock has a fifty day simple moving average of $31.28 and a 200 day simple moving average of $29.86. COPT Defense Properties has a 12-month low of $23.92 and a 12-month high of $32.82. The company has a market capitalization of $3.60 billion, a P/E ratio of 23.57 and a beta of 0.86. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 1.77.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. The business had revenue of $197.36 million for the quarter, compared to analysts’ expectations of $188.79 million. COPT Defense Properties had a return on equity of 9.82% and a net margin of 19.94%.The business’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS. COPT Defense Properties has set its FY 2026 guidance at 2.710-2.790 EPS and its Q1 2026 guidance at 0.670-0.690 EPS. On average, sell-side analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.32 dividend. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.31. The ex-dividend date is Tuesday, March 31st. This represents a $1.28 dividend on an annualized basis and a yield of 4.0%. COPT Defense Properties’s dividend payout ratio is currently 94.81%.

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.