COPT Defense Properties (NYSE:CDP) Price Target Raised to $31.00

by · The Cerbat Gem

COPT Defense Properties (NYSE:CDP – Free Report) had its price objective increased by Truist Financial from $30.00 to $31.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other analysts have also weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of COPT Defense Properties in a research note on Wednesday, October 8th. Cantor Fitzgerald began coverage on shares of COPT Defense Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $35.00 price target for the company. Wells Fargo & Company raised their price target on shares of COPT Defense Properties from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Jefferies Financial Group boosted their price objective on shares of COPT Defense Properties from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Evercore ISI lowered their price objective on shares of COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. Five 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 an average rating of “Moderate Buy” and an average price target of $33.14.

Get Our Latest Research Report on CDP

COPT Defense Properties Trading Up 0.1%

Shares of CDP opened at $29.14 on Monday. COPT Defense Properties has a 1-year low of $23.92 and a 1-year high of $32.45. The company has a market capitalization of $3.30 billion, a P/E ratio of 21.91 and a beta of 0.84. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.34 and a quick ratio of 2.34. The firm’s 50 day simple moving average is $28.97 and its 200 day simple moving average is $28.73.

COPT Defense Properties (NYSE:CDP – Get Free Report) last issued 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. COPT Defense Properties had a return on equity of 9.71% and a net margin of 19.99%.The firm had revenue of $188.80 million during the quarter, compared to analyst estimates of $187.63 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. 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. Sell-side analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.22 annualized dividend and a yield of 4.2%. COPT Defense Properties’s dividend payout ratio (DPR) is currently 91.73%.

Hedge Funds Weigh In On COPT Defense Properties

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

COPT Defense Properties Company Profile

(Get Free Report)

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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