COPT Defense Properties (NYSE:CDP) Reaches New 52-Week High – Time to Buy?

COPT Defense Properties (NYSE:CDP) shares hit a new 52-week high during trading on Monday . The stock traded as high as $37.68 and last traded at $37.7250, with a volume of 764718 shares traded. The stock had previously closed at $37.67.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CDP shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $37.00 price target on shares of COPT Defense Properties in a research note on Thursday, June 25th. Wells Fargo & Company raised their price objective on COPT Defense Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Weiss Ratings upgraded COPT Defense Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, April 21st. Truist Financial lifted their price objective on COPT Defense Properties from $33.00 to $34.00 and gave the company a “hold” rating in a report on Monday, June 8th. Finally, Evercore reiterated an “outperform” rating and set a $38.00 target price on shares of COPT Defense Properties in a research report on Tuesday, April 28th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, COPT Defense Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

COPT Defense Properties Stock Down 0.2%

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 company has a market capitalization of $4.26 billion, a P/E ratio of 27.24 and a beta of 0.76. The stock has a 50 day moving average price of $33.08 and a 200 day moving average price of $31.64.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.34). COPT Defense Properties had a return on equity of 10.02% and a net margin of 20.10%.The firm had revenue of $200.64 million for the quarter, compared to the consensus estimate of $185.10 million. During the same quarter in the prior year, the firm earned $0.65 EPS. The company’s revenue was up 6.8% on a year-over-year basis. 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. On average, research analysts anticipate that COPT Defense Properties will post 2.78 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 Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 30th. COPT Defense Properties’s dividend payout ratio (DPR) is presently 92.75%.

Insider Buying and Selling at COPT Defense Properties

In other news, Director Robert L. Denton sold 3,922 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was 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 of the company’s stock, valued at $123,141.14. This represents a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On COPT Defense Properties

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in COPT Defense Properties in the 4th quarter valued at approximately $39,685,000. Alliancebernstein L.P. lifted its holdings in shares of COPT Defense Properties by 16.8% during the third quarter. Alliancebernstein L.P. now owns 8,457,373 shares of the company’s stock worth $245,771,000 after purchasing an additional 1,215,936 shares during the period. GRS Advisors LLC acquired a new position in shares of COPT Defense Properties during the third quarter worth $28,399,000. Two Sigma Investments LP grew its stake in shares of COPT Defense Properties by 289.9% in the third quarter. Two Sigma Investments LP now owns 900,047 shares of the company’s stock worth $26,155,000 after purchasing an additional 669,181 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of 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 worth $52,713,000 after purchasing an additional 647,449 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.