Analysts Set COPT Defense Properties (NYSE:CDP) PT at $34.50

Shares of COPT Defense Properties (NYSE:CDP) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $34.50.

A number of brokerages have weighed in on CDP. Citigroup increased their target price 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 target price on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Evercore reissued an “outperform” rating and set a $38.00 target price on shares of COPT Defense Properties in a report on Tuesday, April 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $37.00 target price on shares of COPT Defense Properties in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, May 15th.

Insider Buying and Selling at COPT Defense Properties

In related news, Director Robert L. Denton sold 3,922 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $32.38, for a total value of $126,994.36. Following the sale, the director owned 3,803 shares of the company’s stock, valued at $123,141.14. This trade represents a 50.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On COPT Defense Properties

Several large investors have recently bought and sold shares of CDP. Royal Bank of Canada increased its stake in 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 buying an additional 11,316 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of COPT Defense Properties by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,030 shares of the company’s stock valued at $1,828,000 after purchasing an additional 2,931 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of COPT Defense Properties by 5.0% during 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 valued at $22,744,000 after purchasing an additional 39,683 shares in the last quarter. Jane Street Group LLC boosted its position in shares of COPT Defense Properties by 152.4% during the 1st 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. boosted its position in shares of COPT Defense Properties by 11.8% during the 2nd 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 in the last quarter.

COPT Defense Properties Stock Down 1.4%

Shares of NYSE:CDP opened at $32.05 on Monday. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 23.22 and a beta of 0.80. COPT Defense Properties has a 1-year low of $26.91 and a 1-year high of $33.33. The company’s fifty day moving average is $31.74 and its two-hundred day moving average is $30.81. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.85 and a current ratio of 2.85.

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

COPT Defense Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th. COPT Defense Properties’s dividend payout ratio (DPR) is 92.75%.

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.