COPT Defense Properties (NYSE:CDP) Stock Has Average Price Target of $37.38

Key Points

• COPT Defense Properties has a “Moderate Buy” consensus rating from eight analysts, with five buys and three holds. The average 12-month price target is $37.38, above the reported share price of $33.96.
• The company exceeded quarterly expectations, reporting $0.40 in EPS versus $0.33 expected and revenue of $197.39 million versus estimates of $189.36 million.
• COPT declared a quarterly dividend of $0.32 per share, equating to an annualized $1.28 payout and a 3.8% yield; institutional investors also generally increased their holdings.

Shares of COPT Defense Properties (NYSE:CDP - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $37.38.

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

Institutional Investors Weigh In On COPT Defense Properties

A number of hedge funds have recently modified their holdings of CDP. State Street Corp raised its holdings in COPT Defense Properties by 0.5% in the 2nd quarter. State Street Corp now owns 6,871,138 shares of the company's stock worth $252,139,000 after purchasing an additional 34,561 shares during the period. 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 in the last quarter. Dimensional Fund Advisors LP increased its position in COPT Defense Properties by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,682,296 shares of the company's stock worth $51,480,000 after buying an additional 25,026 shares in the last quarter. Norges Bank bought a new position in shares of COPT Defense Properties in the fourth quarter worth about $39,685,000. Finally, Bank of New York Mellon Corp raised its stake in shares of COPT Defense Properties by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 1,317,391 shares of the company's stock worth $40,312,000 after buying an additional 18,758 shares during the period.

COPT Defense Properties Trading Up 0.5%

Shares of CDP stock opened at $33.96 on Friday. COPT Defense Properties has a 12-month low of $27.06 and a 12-month high of $38.90. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.64. The firm's 50 day moving average is $36.36 and its 200 day moving average is $34.17. The stock has a market capitalization of $3.85 billion, a P/E ratio of 23.59 and a beta of 0.76.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its earnings results on Monday, July 27th. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.07. The business had revenue of $197.39 million during the quarter, compared to analyst estimates of $189.36 million. COPT Defense Properties had a net margin of 20.94% and a return on equity of 10.48%. During the same period in the previous year, the business earned $0.34 EPS. 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. Research analysts expect that COPT Defense Properties will post 2.78 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.32 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.28 annualized dividend and a yield of 3.8%. COPT Defense Properties's dividend payout ratio (DPR) is presently 88.89%.

About COPT Defense Properties

COPT Defense Properties NYSE: CDP is a real estate investment trust that owns, develops, manages and operates office and specialized data center properties in the United States. The company focuses on facilities designed to support national security, defense and information technology organizations, including government agencies, defense contractors and related businesses.

Its portfolio is concentrated in the Greater Washington, DC, region and nearby markets, including Northern Virginia and suburban Maryland.

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