Analysts Set COPT Defense Properties (NYSE:CDP) Target Price at $33.57

Shares of COPT Defense Properties (NYSE:CDP) have earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $33.75.

CDP has been the subject of a number of research reports. Jefferies Financial Group upped their price objective on COPT Defense Properties from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Monday. Evercore ISI reduced their price target on COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. Weiss Ratings restated a “buy (b-)” rating on shares of COPT Defense Properties in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on 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, New Street Research set a $33.00 price target on COPT Defense Properties in a research report on Monday.

COPT Defense Properties Stock Down 0.1%

COPT Defense Properties stock opened at $27.80 on Friday. The stock has a market cap of $3.14 billion, a PE ratio of 21.72 and a beta of 0.94. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.96 and a current ratio of 2.96. COPT Defense Properties has a one year low of $23.92 and a one year high of $34.22. The stock has a fifty day moving average of $29.04 and a 200 day moving average of $27.91.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The company had revenue of $175.60 million during the quarter, compared to analysts’ expectations of $186.55 million. COPT Defense Properties had a return on equity of 9.38% and a net margin of 19.23%.COPT Defense Properties’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share. COPT Defense Properties has set its Q3 2025 guidance at 0.660-0.680 EPS. FY 2025 guidance at 2.650-2.690 EPS. As a group, sell-side analysts predict that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be given a dividend of $0.305 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.22 annualized dividend and a dividend yield of 4.4%. COPT Defense Properties’s dividend payout ratio (DPR) is currently 95.31%.

Insider Activity

In related news, Director Lisa G. Trimberger sold 3,000 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $30.52, for a total transaction of $91,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.42% of the company’s stock.

Institutional Trading of COPT Defense Properties

Several institutional investors have recently made changes to their positions in CDP. Nuveen LLC purchased a new position in COPT Defense Properties during the 1st quarter valued at approximately $52,679,000. Norges Bank purchased a new position in COPT Defense Properties during the 2nd quarter valued at approximately $39,371,000. Westwood Holdings Group Inc. grew its holdings in COPT Defense Properties by 25.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 3,627,108 shares of the company’s stock valued at $98,911,000 after buying an additional 741,765 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in COPT Defense Properties during the 1st quarter valued at approximately $19,737,000. Finally, Alliancebernstein L.P. grew its holdings in COPT Defense Properties by 9.4% during the 1st quarter. Alliancebernstein L.P. now owns 6,834,820 shares of the company’s stock valued at $186,386,000 after buying an additional 586,966 shares in the last quarter.

About COPT Defense Properties

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.