COPT Defense Properties (NYSE:CDP) Stock Has Average Target Price of $37.38

COPT Defense Properties (NYSE:CDP) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $37.38.

A number of research firms recently weighed in on CDP. Truist Financial increased their price objective on shares of COPT Defense Properties from $34.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, August 24th. Cantor Fitzgerald reissued an “overweight” rating and set a $37.00 target price on shares of COPT Defense Properties in a research note on Thursday, June 25th. Citigroup upped their target price on shares of COPT Defense Properties from $34.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Wells Fargo & Company raised their price target on shares of COPT Defense Properties from $36.00 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. Finally, Evercore reaffirmed an “outperform” rating and set a $42.00 price target on shares of COPT Defense Properties in a report on Monday, July 27th.

COPT Defense Properties Stock Down 0.4%

Shares of COPT Defense Properties stock opened at $33.27 on Friday. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 23.11 and a beta of 0.77. COPT Defense Properties has a twelve month low of $27.06 and a twelve month high of $38.90. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.64. The business’s 50 day simple moving average is $36.06 and its 200-day simple moving average is $34.23.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data on Monday, July 27th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.07. COPT Defense Properties had a return on equity of 10.48% and a net margin of 20.94%.The business had revenue of $197.39 million during the quarter, compared to analyst estimates of $189.36 million. During the same quarter in the previous year, the firm posted $0.34 EPS. COPT Defense Properties has set its FY 2026 guidance at 1.390-1.430 EPS and its Q3 2026 guidance at 0.370-0.390 EPS. Equities research analysts forecast that COPT Defense Properties will post 2.78 earnings per share for the current year.

COPT Defense Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, September 30th. COPT Defense Properties’s dividend payout ratio (DPR) is currently 88.89%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CDP. Envestnet Asset Management Inc. lifted its holdings in COPT Defense Properties by 4.7% in the second quarter. Envestnet Asset Management Inc. now owns 477,142 shares of the company’s stock worth $17,363,000 after purchasing an additional 21,493 shares during the period. State Street Corp increased its stake in COPT Defense Properties by 0.5% during the 2nd quarter. State Street Corp now owns 6,871,138 shares of the company’s stock valued at $252,139,000 after buying an additional 34,561 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of COPT Defense Properties by 18.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 9,335 shares of the company’s stock worth $340,000 after buying an additional 1,433 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of COPT Defense Properties during the 2nd quarter worth about $242,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of COPT Defense Properties in the 2nd quarter worth approximately $29,000.

About COPT Defense Properties

COPT Defense Properties (NYSE: CDP) is a real estate investment trust that owns, operates and develops properties serving the U.S. government, defense contractors and information technology companies. The company’s portfolio includes office buildings, data center facilities and other specialized properties designed to support mission-critical operations.

The company primarily serves demand centers in the Greater Washington, DC, and Northern Virginia markets, as well as select locations in Maryland and other areas with significant concentrations of defense and government-related activity.