COPT Defense Properties (NYSE:CDP – Get Free Report)’s share price reached a new 52-week high on Tuesday . The company traded as high as $33.41 and last traded at $33.3360, with a volume of 29697 shares changing hands. The stock had previously closed at $32.88.
Analyst Ratings Changes
A number of research analysts have weighed in on CDP shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $37.00 price objective on shares of COPT Defense Properties in a research note on Wednesday, April 29th. Evercore restated an “outperform” rating and set a $38.00 price objective on shares of COPT Defense Properties in a report on Tuesday, April 28th. Truist Financial raised their target price on COPT Defense Properties from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Monday. Citigroup lifted their target price on shares of COPT Defense Properties from $29.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Finally, Wells Fargo & Company lifted their target price on shares of COPT Defense Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, COPT Defense Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.
Check Out Our Latest Research Report on COPT Defense Properties
COPT Defense Properties Trading Up 3.4%
COPT Defense Properties (NYSE:CDP – Get Free Report) last released its quarterly earnings results on Monday, April 27th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.34). COPT Defense Properties had a return on equity of 10.02% and a net margin of 20.10%.The company had revenue of $200.64 million during the quarter, compared to analysts’ expectations of $185.10 million. During the same period in the prior year, the firm earned $0.65 EPS. COPT Defense Properties’s quarterly revenue was up 6.8% on a year-over-year basis. 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. On average, sell-side analysts forecast that COPT Defense Properties will post 2.78 earnings per share for the current fiscal year.
COPT Defense Properties Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, June 30th. COPT Defense Properties’s payout ratio is currently 92.75%.
Insider Buying and Selling
In other COPT Defense Properties news, Director Robert L. Denton sold 3,922 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $32.38, for a total value of $126,994.36. Following the completion of the transaction, the director owned 3,803 shares of the company’s stock, valued at $123,141.14. The trade was a 50.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.66% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of COPT Defense Properties by 12.1% in the 1st quarter. Royal Bank of Canada now owns 104,602 shares of the company’s stock worth $2,853,000 after acquiring an additional 11,316 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of COPT Defense Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,030 shares of the company’s stock worth $1,828,000 after acquiring an additional 2,931 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of COPT Defense Properties by 5.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 834,042 shares of the company’s stock worth $22,744,000 after acquiring an additional 39,683 shares in the last quarter. Jane Street Group LLC increased its stake in shares of COPT Defense Properties by 152.4% in the 1st quarter. Jane Street Group LLC now owns 214,122 shares of the company’s stock worth $5,839,000 after acquiring an additional 129,303 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of COPT Defense Properties by 11.8% in the 2nd quarter. Invesco Ltd. now owns 758,513 shares of the company’s stock worth $20,920,000 after acquiring an additional 80,153 shares in the last quarter.
About COPT Defense Properties
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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