COPT Defense Properties (NYSE:CDP) Given Average Rating of "Moderate Buy" by 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 $36.25.
• Quarterly results exceeded expectations: The company reported EPS of $0.40 versus the $0.33 consensus estimate and revenue of $197.39 million, above expectations of $189.36 million.
• Shares and dividend: CDP opened at $37.18, near its 52-week high of $38.90, while its quarterly dividend of $0.32 implies an annualized yield of approximately 3.4%.

COPT Defense Properties (NYSE:CDP - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $36.25.

Several research analysts have weighed in on CDP shares. Wells Fargo & Company raised their price objective on shares of COPT Defense Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Monday, June 1st. Evercore reaffirmed an "outperform" rating and set a $42.00 price target on shares of COPT Defense Properties in a research report on Monday, July 27th. Truist Financial increased their price target on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a "hold" rating in a research report on Monday, June 8th. Citigroup lifted their price target on COPT Defense Properties from $34.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $37.00 price objective on shares of COPT Defense Properties in a research note on Thursday, June 25th.

Insider Activity

In related news, Director Robert L. Denton sold 3,922 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was 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 approximately $123,141.14. This represents a 50.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.66% of the company's stock.

Institutional Trading of COPT Defense Properties

Several institutional investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC bought a new position in shares of COPT Defense Properties in the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC grew its position in shares of COPT Defense Properties by 1,176.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company's stock valued at $46,000 after buying an additional 1,553 shares during the last quarter. Optima Capital LLC bought a new stake in shares of COPT Defense Properties during the 4th quarter valued at about $63,000. Caitong International Asset Management Co. Ltd raised its stake in COPT Defense Properties by 283.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,173 shares of the company's stock worth $88,000 after acquiring an additional 2,346 shares during the period. Finally, Osaic Holdings Inc. raised its stake in COPT Defense Properties by 59.6% during the second quarter. Osaic Holdings Inc. now owns 3,193 shares of the company's stock worth $88,000 after acquiring an additional 1,192 shares during the period.

COPT Defense Properties Stock Performance

COPT Defense Properties stock opened at $37.18 on Friday. COPT Defense Properties has a 52 week low of $27.06 and a 52 week high of $38.90. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.64. The stock has a market cap of $4.22 billion, a P/E ratio of 25.82 and a beta of 0.76. The stock has a 50 day moving average of $35.83 and a 200-day moving average of $33.12.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.40 earnings per share (EPS) for the quarter, topping 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 quarter in the previous 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. On average, analysts expect that COPT Defense Properties will post 2.78 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Tuesday, June 30th. COPT Defense Properties's payout ratio is 88.89%.

COPT Defense Properties Company Profile

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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