Weiss Ratings Reaffirms Buy (B-) Rating for COPT Defense Properties (NYSE:CDP)

Key Points

• Weiss Ratings has reaffirmed a "buy (B-)" rating for COPT Defense Properties (NYSE:CDP), with a consensus price target of $33.57 from multiple analysts.
• COPT Defense Properties reported $0.68 earnings per share for its last quarter, surpassing estimates and showing a 1.4% increase year-over-year in revenue.
• The company's stock has a current market value of $3.20 billion and is experiencing a trading range between a twelve-month low of $23.92 and a high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other research analysts have also weighed in on CDP. Cantor Fitzgerald started coverage on shares of COPT Defense Properties in a research note on Wednesday, October 1st. They issued an "overweight" rating and a $35.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of COPT Defense Properties from $30.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 17th. Finally, Evercore ISI dropped their price target on shares of COPT Defense Properties from $36.00 to $35.00 and set an "outperform" rating on the stock in a research report on Monday, September 29th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.57.

COPT Defense Properties Price Performance

CDP traded down $0.19 during midday trading on Wednesday, hitting $28.36. The company had a trading volume of 363,810 shares, compared to its average volume of 908,502. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market capitalization of $3.20 billion, a PE ratio of 22.16 and a beta of 0.94. COPT Defense Properties has a twelve month low of $23.92 and a twelve month high of $34.22. The firm's 50-day simple moving average is $29.02 and its 200-day simple moving average is $27.88.

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 for the quarter, beating the consensus estimate 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 firm had revenue of $175.60 million during the quarter, compared to analysts' expectations of $186.55 million. During the same quarter last year, the company posted $0.64 EPS. The company's quarterly 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. Equities research analysts predict that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

Insider Transactions at COPT Defense Properties

In other COPT Defense Properties news, Director Lisa G. Trimberger sold 3,000 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $30.52, for a total transaction of $91,560.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.42% of the stock is owned by insiders.

Institutional Investors Weigh In On COPT Defense Properties

A number of hedge funds have recently made changes to their positions in the stock. Central Pacific Bank Trust Division boosted its stake in shares of COPT Defense Properties by 16.2% in the 3rd quarter. Central Pacific Bank Trust Division now owns 7,304 shares of the company's stock valued at $212,000 after purchasing an additional 1,016 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of COPT Defense Properties by 31.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,973 shares of the company's stock valued at $57,000 after purchasing an additional 469 shares in the last quarter. Corient Private Wealth LLC boosted its position in COPT Defense Properties by 13.0% during the 2nd quarter. Corient Private Wealth LLC now owns 20,160 shares of the company's stock worth $556,000 after buying an additional 2,312 shares during the period. Osaic Holdings Inc. boosted its position in COPT Defense Properties by 59.6% during the 2nd quarter. Osaic Holdings Inc. now owns 3,193 shares of the company's stock worth $88,000 after buying an additional 1,192 shares during the period. Finally, Squarepoint Ops LLC boosted its position in COPT Defense Properties by 10.7% during the 2nd quarter. Squarepoint Ops LLC now owns 36,043 shares of the company's stock worth $994,000 after buying an additional 3,491 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.

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