Shares of COPT Defense Properties (NYSE:CDP – Get Free Report) have been given an average recommendation of “Moderate Buy” by the eight analysts that are currently covering the company, MarketBeat.com 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 objective among analysts that have issued a report on the stock in the last year is $35.3750.
A number of analysts have recently commented on CDP shares. Evercore restated an “outperform” rating and set a $41.00 target price on shares of COPT Defense Properties in a report on Monday, July 6th. Truist Financial boosted their price objective on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Monday, June 8th. Weiss Ratings upgraded shares of COPT Defense Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $37.00 target price on shares of COPT Defense Properties in a research note on Thursday, June 25th. Finally, Wells Fargo & Company lifted their target price on shares of COPT Defense Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, June 1st.
Read Our Latest Stock Analysis on CDP
COPT Defense Properties Trading Down 0.7%
COPT Defense Properties (NYSE:CDP – Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.34). The firm had revenue of $200.64 million during the quarter, compared to analysts’ expectations of $185.10 million. COPT Defense Properties had a return on equity of 10.02% and a net margin of 20.10%.COPT Defense Properties’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share. COPT Defense Properties has set its FY 2026 guidance at 2.730-2.790 EPS and its Q2 2026 guidance at 0.680-0.700 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 disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, June 30th. COPT Defense Properties’s dividend payout ratio (DPR) is 92.75%.
Insider Transactions at COPT Defense Properties
In other COPT Defense Properties news, Director Robert L. Denton sold 3,922 shares of COPT Defense Properties stock in a transaction 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 completion of the transaction, the director owned 3,803 shares in the company, valued at approximately $123,141.14. The trade was a 50.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.66% of the company’s stock.
Hedge Funds Weigh In On COPT Defense Properties
Large investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in COPT Defense Properties in the fourth quarter worth about $39,685,000. Alliancebernstein L.P. raised its stake in shares of COPT Defense Properties by 16.8% in the third quarter. Alliancebernstein L.P. now owns 8,457,373 shares of the company’s stock worth $245,771,000 after buying an additional 1,215,936 shares during the period. Two Sigma Investments LP lifted its position in shares of COPT Defense Properties by 289.9% during the 3rd quarter. Two Sigma Investments LP now owns 900,047 shares of the company’s stock valued at $26,155,000 after buying an additional 669,181 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of COPT Defense Properties by 51.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,896,161 shares of the company’s stock valued at $52,713,000 after buying an additional 647,449 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of COPT Defense Properties by 323.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 791,867 shares of the company’s stock valued at $23,013,000 after acquiring an additional 604,670 shares during the period.
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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