COPT Defense Properties (NYSE:CDP) Price Target Raised to $33.00

Key Points

• JPMorgan Chase & Co. has increased its target price for COPT Defense Properties stock from $30.00 to $33.00, indicating a potential upside of 6.46% from the last closing price.
• Following suit, Evercore ISI raised their price objective for COPT Defense Properties to $36.00, with four analysts rating the stock as a Buy and two as Hold.
• The company's recent quarterly earnings showed a net margin of 19.23% and revenue of $175.60 million, with earnings per share (EPS) slightly beating analyst expectations.

COPT Defense Properties (NYSE:CDP - Get Free Report) had its price target raised by JPMorgan Chase & Co. from $30.00 to $33.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 8.66% from the stock's current price.

Separately, Evercore ISI lifted their target price on shares of COPT Defense Properties from $34.00 to $36.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, COPT Defense Properties currently has a consensus rating of "Moderate Buy" and an average price target of $33.50.

COPT Defense Properties Price Performance

Shares of NYSE CDP traded down $0.55 during mid-day trading on Wednesday, reaching $30.37. 1,560,145 shares of the company were exchanged, compared to its average volume of 1,040,090. COPT Defense Properties has a 52 week low of $23.92 and a 52 week high of $34.22. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $3.43 billion, a PE ratio of 23.73 and a beta of 0.93. The company's 50 day moving average price is $28.71 and its 200 day moving average price is $27.69.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.01. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The company had revenue of $175.60 million during the quarter, compared to the consensus estimate of $186.55 million. During the same period in the previous year, the firm posted $0.64 EPS. The firm's revenue was up 1.4% compared to the same quarter last year. COPT Defense Properties has set its Q3 2025 guidance at 0.660-0.680 EPS. FY 2025 guidance at 2.650-2.690 EPS. Sell-side analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Lisa G. Trimberger sold 4,896 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $30.72, for a total value of $150,405.12. Following the completion of the transaction, the director directly owned 20,287 shares in the company, valued at $623,216.64. The trade was a 19.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On COPT Defense Properties

A number of large investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its position 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. Squarepoint Ops LLC grew its holdings in shares of COPT Defense Properties by 10.7% during the second quarter. Squarepoint Ops LLC now owns 36,043 shares of the company's stock worth $994,000 after buying an additional 3,491 shares in the last quarter. State of Wyoming grew its holdings in shares of COPT Defense Properties by 14.2% during the second quarter. State of Wyoming now owns 16,041 shares of the company's stock worth $442,000 after buying an additional 1,993 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of COPT Defense Properties by 4.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 249,527 shares of the company's stock worth $6,888,000 after buying an additional 10,095 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of COPT Defense Properties by 263.5% in the second quarter. Tower Research Capital LLC TRC now owns 15,977 shares of the company's stock valued at $441,000 after purchasing an additional 11,582 shares during the period.

COPT Defense Properties Company Profile

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.