COPT Defense Properties (NYSE:CDP) Price Target Raised to $33.00

COPT Defense Properties (NYSE:CDP) had its target price lifted by JPMorgan Chase & Co. from $30.00 to $33.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Separately, Evercore ISI boosted their price objective on shares of COPT Defense Properties from $34.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.50.

COPT Defense Properties Stock Performance

Shares of CDP opened at $30.37 on Wednesday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.58. The business’s 50 day moving average price is $28.71 and its 200-day moving average price is $27.68. COPT Defense Properties has a 52 week low of $23.92 and a 52 week high of $34.22. The stock has a market cap of $3.43 billion, a P/E ratio of 23.73 and a beta of 0.93.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The company had revenue of $175.60 million during the quarter, compared to analyst estimates of $186.55 million. During the same period in the previous year, the business earned $0.64 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. COPT Defense Properties has set its Q3 2025 guidance at 0.660-0.680 EPS. FY 2025 guidance at 2.650-2.690 EPS. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 30th. COPT Defense Properties’s dividend payout ratio is 95.31%.

Insiders Place Their Bets

In related news, Director Lisa G. Trimberger sold 3,000 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $30.52, for a total value of $91,560.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On COPT Defense Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the business. UMB Bank n.a. boosted its stake in COPT Defense Properties by 321.7% in the first quarter. UMB Bank n.a. now owns 1,071 shares of the company’s stock valued at $29,000 after acquiring an additional 817 shares in the last quarter. Quarry LP raised its holdings in shares of COPT Defense Properties by 102.0% in the first quarter. Quarry LP now owns 1,186 shares of the company’s stock worth $32,000 after buying an additional 599 shares during the last quarter. GAMMA Investing LLC lifted its position in COPT Defense Properties by 59.5% during the second quarter. GAMMA Investing LLC now owns 1,504 shares of the company’s stock valued at $41,000 after purchasing an additional 561 shares during the period. EverSource Wealth Advisors LLC lifted its position in 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 valued at $46,000 after purchasing an additional 1,553 shares during the period. Finally, Brooklyn Investment Group lifted its position in COPT Defense Properties by 9,030.4% during the first quarter. Brooklyn Investment Group now owns 2,100 shares of the company’s stock valued at $57,000 after purchasing an additional 2,077 shares during the period.

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.