COPT Defense Properties (NYSE:CDP – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $32.78 and last traded at $32.4350, with a volume of 27824 shares changing hands. The stock had previously closed at $32.39.
Analysts Set New Price Targets
A number of brokerages have commented on CDP. Wells Fargo & Company raised their price objective on COPT Defense Properties from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. Evercore ISI reaffirmed an “outperform” rating on shares of COPT Defense Properties in a research report on Friday, February 6th. Evercore reiterated an “outperform” rating on shares of COPT Defense Properties in a research note on Friday, February 6th. Truist Financial boosted their price target on shares of COPT Defense Properties from $30.00 to $31.00 and gave the company a “hold” rating in a report on Monday, December 15th. Finally, Citigroup raised their price objective on shares of COPT Defense Properties from $29.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, COPT Defense Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.63.
Read Our Latest Analysis on COPT Defense Properties
COPT Defense Properties Stock Down 0.7%
COPT Defense Properties (NYSE:CDP – Get Free Report) last issued its earnings results on Thursday, February 5th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. The company had revenue of $197.36 million for the quarter, compared to the consensus estimate of $188.79 million. COPT Defense Properties had a net margin of 19.94% and a return on equity of 9.82%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 EPS. COPT Defense Properties has set its FY 2026 guidance at 2.710-2.790 EPS and its Q1 2026 guidance at 0.670-0.690 EPS. Equities research analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.
Institutional Trading of COPT Defense Properties
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of COPT Defense Properties by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 17,127,858 shares of the company’s stock worth $476,154,000 after acquiring an additional 128,583 shares in the last quarter. Alliancebernstein L.P. raised its position in COPT Defense Properties by 16.8% in the 3rd quarter. Alliancebernstein L.P. now owns 8,457,373 shares of the company’s stock valued at $245,771,000 after purchasing an additional 1,215,936 shares during the last quarter. JPMorgan Chase & Co. raised its position in COPT Defense Properties by 8.3% in the 4th quarter. JPMorgan Chase & Co. now owns 3,862,294 shares of the company’s stock valued at $107,372,000 after purchasing an additional 296,221 shares during the last quarter. Geode Capital Management LLC boosted its stake in COPT Defense Properties by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,149,130 shares of the company’s stock worth $87,558,000 after purchasing an additional 17,049 shares in the last quarter. Finally, Channing Capital Management LLC grew its holdings in shares of COPT Defense Properties by 21.0% during the third quarter. Channing Capital Management LLC now owns 2,913,596 shares of the company’s stock worth $84,669,000 after purchasing an additional 506,593 shares during the last quarter.
COPT Defense Properties Company Profile
COPT Defense Properties (NYSE: CDP) is a real estate investment trust organized to own, lease and manage healthcare and life science facilities serving the United States federal government, with a particular focus on Department of Defense and Veterans Affairs tenants. The company was formed in 2016 through a spin-off from Corporate Office Properties Trust, enabling it to concentrate exclusively on medical office buildings and specialized research facilities situated on or near military and federal research campuses.
The company’s portfolio comprises purpose-built, Class A medical office and outpatient specialty clinics, as well as life science laboratories.
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