COPT Defense Properties (NYSE:CDP) Hits New 52-Week High – What’s Next?

COPT Defense Properties (NYSE:CDP)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $36.67 and last traded at $36.6190, with a volume of 1336813 shares trading hands. The stock had previously closed at $36.32.

Analyst Ratings Changes

A number of research firms have recently weighed in on CDP. Wells Fargo & Company increased their price target on COPT Defense Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Cantor Fitzgerald reiterated an “overweight” rating and set a $37.00 price target on shares of COPT Defense Properties in a research report on Thursday, June 25th. JPMorgan Chase & Co. boosted their price target on shares of COPT Defense Properties from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Weiss Ratings upgraded shares of COPT Defense Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. Finally, Truist Financial increased their price objective on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Monday, June 8th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

COPT Defense Properties Price Performance

The company has a fifty day moving average of $32.85 and a 200-day moving average of $31.52. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 1.63. The stock has a market cap of $4.16 billion, a PE ratio of 26.62 and a beta of 0.76.

COPT Defense Properties (NYSE:CDP) last announced its earnings results on Monday, April 27th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.34). The firm had revenue of $200.64 million for the quarter, compared to analysts’ expectations of $185.10 million. COPT Defense Properties had a net margin of 20.10% and a return on equity of 10.02%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 earnings per share. COPT Defense Properties has set its FY 2026 guidance at 2.730-2.790 EPS and its Q2 2026 guidance at 0.680-0.700 EPS. Sell-side analysts expect that COPT Defense Properties will post 2.78 EPS for the current fiscal year.

COPT Defense Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.28 annualized dividend and a dividend yield of 3.5%. COPT Defense Properties’s dividend payout ratio (DPR) is presently 92.75%.

Insider Buying and Selling at COPT Defense Properties

In related news, Director Robert L. Denton sold 3,922 shares of COPT Defense Properties stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $32.38, for a total value of $126,994.36. Following the completion of the transaction, the director owned 3,803 shares in the company, valued at approximately $123,141.14. The trade was a 50.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On COPT Defense Properties

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of COPT Defense Properties in the fourth quarter worth $39,685,000. Alliancebernstein L.P. raised its stake in shares of COPT Defense Properties by 16.8% in the third quarter. Alliancebernstein L.P. now owns 8,457,373 shares of the company’s stock valued at $245,771,000 after acquiring an additional 1,215,936 shares in the last quarter. GRS Advisors LLC acquired a new stake in shares of COPT Defense Properties in the third quarter valued at $28,399,000. Two Sigma Investments LP boosted its holdings in COPT Defense Properties by 289.9% in the third quarter. Two Sigma Investments LP now owns 900,047 shares of the company’s stock valued at $26,155,000 after purchasing an additional 669,181 shares during the period. Finally, Balyasny Asset Management L.P. boosted its holdings in COPT Defense Properties by 51.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,896,161 shares of the company’s stock valued at $52,713,000 after purchasing an additional 647,449 shares during the period.

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.