COPT Defense Properties (NYSE:CDP) Given New $40.00 Price Target at Citigroup

COPT Defense Properties (NYSE:CDP) had its target price hoisted by equities researchers at Citigroup from $34.00 to $40.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective suggests a potential upside of 5.15% from the stock’s previous close.

CDP has been the subject of a number of other reports. Evercore reaffirmed an “outperform” rating and issued a $42.00 target price on shares of COPT Defense Properties in a research note on Monday. JPMorgan Chase & Co. lifted their price target on COPT Defense Properties from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Weiss Ratings restated a “buy (b)” rating on shares of COPT Defense Properties in a report on Friday, July 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $37.00 price objective on shares of COPT Defense Properties in a research report on Thursday, June 25th. Finally, Wells Fargo & Company increased their price objective on COPT Defense Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, COPT Defense Properties has an average rating of “Moderate Buy” and an average price target of $36.25.

COPT Defense Properties Stock Down 0.1%

CDP traded down $0.04 during trading on Thursday, reaching $38.04. The company had a trading volume of 548,010 shares, compared to its average volume of 1,103,901. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.89 and a quick ratio of 2.85. COPT Defense Properties has a 12 month low of $26.91 and a 12 month high of $38.90. The business’s fifty day moving average price is $35.08 and its 200 day moving average price is $32.77. The company has a market cap of $4.31 billion, a P/E ratio of 26.39 and a beta of 0.76.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.07. COPT Defense Properties had a net margin of 20.94% and a return on equity of 10.48%. The company had revenue of $197.39 million during the quarter, compared to the consensus estimate of $189.36 million. During the same quarter in the prior year, the firm 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. Equities analysts anticipate that COPT Defense Properties will post 2.78 EPS for the current year.

Insider Buying and Selling

In other COPT Defense Properties news, Director Robert L. Denton sold 3,922 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $32.38, for a total transaction of $126,994.36. Following the sale, the director directly owned 3,803 shares of the company’s stock, valued at $123,141.14. The trade was a 50.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.66% of the stock is owned by company insiders.

Institutional Trading of COPT Defense Properties

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

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.