COPT Defense Properties (NYSE:CDP) Given New $34.00 Price Target at Evercore ISI

COPT Defense Properties (NYSE:CDP) had its target price cut by Evercore ISI from $35.00 to $34.00 in a research note released on Monday morning, Marketbeat.com reports. They currently have an outperform rating on the stock.

Several other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of COPT Defense Properties from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, September 17th. Jefferies Financial Group increased their target price on COPT Defense Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Wells Fargo & Company raised their price objective on shares of COPT Defense Properties from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. New Street Research set a $33.00 price target on shares of COPT Defense Properties in a research note on Monday, October 13th. Finally, Cantor Fitzgerald initiated coverage on COPT Defense Properties in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $35.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, COPT Defense Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.14.

COPT Defense Properties Price Performance

NYSE:CDP opened at $29.42 on Monday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.34 and a current ratio of 2.34. The company has a 50-day moving average of $28.94 and a 200-day moving average of $28.72. COPT Defense Properties has a 52 week low of $23.92 and a 52 week high of $32.88. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 22.12 and a beta of 0.84.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. The firm had revenue of $188.80 million during the quarter, compared to analyst estimates of $187.63 million. COPT Defense Properties had a net margin of 19.99% and a return on equity of 9.71%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 earnings per share. COPT Defense Properties has set its FY 2025 guidance at 2.690-2.710 EPS and its Q4 2025 guidance at 0.670-0.690 EPS. As a group, equities research analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.305 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.22 annualized dividend and a dividend yield of 4.1%. COPT Defense Properties’s payout ratio is currently 91.73%.

Insider Transactions at COPT Defense Properties

In other COPT Defense Properties news, Director Lisa G. Trimberger sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 is available through the SEC website. Insiders own 1.42% of the company’s stock.

Institutional Investors Weigh In On COPT Defense Properties

Several large investors have recently made changes to their positions in the stock. Quarry LP increased its holdings in COPT Defense Properties by 102.0% during the 1st quarter. Quarry LP now owns 1,186 shares of the company’s stock worth $32,000 after purchasing an additional 599 shares in the last quarter. Financial Consulate Inc. acquired a new position in shares of COPT Defense Properties during the third quarter worth about $39,000. GAMMA Investing LLC boosted its position in shares of COPT Defense Properties by 59.5% during the second quarter. GAMMA Investing LLC now owns 1,504 shares of the company’s stock worth $41,000 after buying an additional 561 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of COPT Defense Properties by 1,176.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock worth $46,000 after buying an additional 1,553 shares in the last quarter. Finally, Brooklyn Investment Group raised its position in COPT Defense Properties by 9,030.4% in the 1st quarter. Brooklyn Investment Group now owns 2,100 shares of the company’s stock valued at $57,000 after buying an additional 2,077 shares during 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.