COPT Defense Properties (NYSE:CDP) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analyst sentiment is moderately bullish: Eight brokerages give COPT Defense Properties an average “Moderate Buy” rating, with five buys and three holds. The average 12-month price target is $37.38.
• Quarterly results exceeded expectations: The company reported earnings of $0.40 per share versus the $0.33 consensus estimate, while revenue reached $197.39 million compared with expectations of $189.36 million.
• Shareholders will receive a quarterly dividend of $0.32: The payment implies an annualized dividend of $1.28 and a 3.6% yield, with a payout ratio of 88.89%.

COPT Defense Properties (NYSE:CDP - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $37.3750.

A number of analysts have recently commented on the stock. Citigroup boosted their target price on shares of COPT Defense Properties from $34.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. Evercore reiterated an "outperform" rating and issued a $42.00 price target on shares of COPT Defense Properties in a research note on Monday, July 27th. Cantor Fitzgerald reissued an "overweight" rating and set a $37.00 price target on shares of COPT Defense Properties in a research report on Thursday, June 25th. Weiss Ratings reissued a "buy (b)" rating on shares of COPT Defense Properties in a research note on Friday, July 17th. Finally, Truist Financial boosted their price objective on shares of COPT Defense Properties from $34.00 to $38.00 and gave the stock a "hold" rating in a research note on Monday, August 24th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CDP. Los Angeles Capital Management LLC bought a new stake in COPT Defense Properties in the fourth quarter worth $27,000. EverSource Wealth Advisors LLC increased its holdings in shares of COPT Defense Properties by 1,176.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company's stock valued at $46,000 after acquiring an additional 1,553 shares in the last quarter. Nykredit A S purchased a new position in shares of COPT Defense Properties in the 2nd quarter worth about $76,000. Caitong International Asset Management Co. Ltd boosted its stake in COPT Defense Properties by 283.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,173 shares of the company's stock worth $88,000 after purchasing an additional 2,346 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in COPT Defense Properties by 59.6% in the 2nd quarter. Osaic Holdings Inc. now owns 3,193 shares of the company's stock worth $88,000 after purchasing an additional 1,192 shares in the last quarter.

COPT Defense Properties Trading Down 1.4%

CDP opened at $35.49 on Wednesday. The stock has a market cap of $4.02 billion, a PE ratio of 24.65 and a beta of 0.76. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.64. The business has a 50 day moving average of $37.04 and a 200-day moving average of $33.84. COPT Defense Properties has a 52 week low of $27.06 and a 52 week high of $38.90.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.07. The company had revenue of $197.39 million for the quarter, compared to analyst estimates of $189.36 million. COPT Defense Properties had a return on equity of 10.48% and a net margin of 20.94%.During the same period in the previous year, the company posted $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 research analysts predict that COPT Defense Properties will post 2.78 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, September 30th. COPT Defense Properties's payout ratio is currently 88.89%.

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.

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