COPT Defense Properties (NYSE:CDP) Price Target Raised to $36.00

by · The Markets Daily

COPT Defense Properties (NYSE:CDP – Free Report) had its target price hoisted by Evercore ISI from $34.00 to $36.00 in a research report report published on Monday, MarketBeat.com reports. They currently have an outperform rating on the stock.

Separately, Wells Fargo & Company lowered their target price on COPT Defense Properties from $36.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.50.

View Our Latest Stock Report on CDP

COPT Defense Properties Price Performance

NYSE:CDP opened at $30.42 on Monday. The business’s 50-day moving average price is $28.62 and its 200 day moving average price is $27.63. The firm has a market cap of $3.44 billion, a P/E ratio of 23.77 and a beta of 0.93. COPT Defense Properties has a 52-week low of $23.92 and a 52-week high of $34.22. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.58.

COPT Defense Properties (NYSE:CDP – Get Free Report) last released its earnings results on Monday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The firm had revenue of $175.60 million for the quarter, compared to analyst estimates 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 was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company 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 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, September 30th. COPT Defense Properties’s payout ratio is currently 95.31%.

Institutional Investors Weigh In On COPT Defense Properties

Several institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its holdings in shares of COPT Defense Properties by 59.6% during the 2nd quarter. Osaic Holdings Inc. now owns 3,193 shares of the company’s stock valued at $88,000 after buying an additional 1,192 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of COPT Defense Properties by 10.7% during the 2nd quarter. Squarepoint Ops LLC now owns 36,043 shares of the company’s stock valued at $994,000 after buying an additional 3,491 shares during the last quarter. State of Wyoming lifted its holdings in COPT Defense Properties by 14.2% in the 2nd quarter. State of Wyoming now owns 16,041 shares of the company’s stock worth $442,000 after purchasing an additional 1,993 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in COPT Defense Properties by 4.2% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 249,527 shares of the company’s stock worth $6,888,000 after purchasing an additional 10,095 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in COPT Defense Properties by 263.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,977 shares of the company’s stock worth $441,000 after purchasing an additional 11,582 shares during the last quarter.

About COPT Defense Properties

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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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