Truist Financial Forecasts Strong Price Appreciation for COPT Defense Properties (NYSE:CDP) Stock

COPT Defense Properties (NYSE:CDP) had its price target upped by analysts at Truist Financial from $30.00 to $31.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 6.47% from the company’s current price.

Other analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of COPT Defense Properties in a research report on Wednesday, October 8th. Evercore ISI cut their price target on COPT Defense Properties from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. Cantor Fitzgerald assumed coverage on shares of COPT Defense Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $35.00 price target for the company. Jefferies Financial Group raised their price objective on shares of COPT Defense Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, JPMorgan Chase & Co. boosted their target price on shares of COPT Defense Properties from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, September 17th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, COPT Defense Properties presently has an average rating of “Moderate Buy” and an average price target of $33.14.

COPT Defense Properties Stock Down 1.1%

Shares of COPT Defense Properties stock opened at $29.12 on Monday. COPT Defense Properties has a twelve month low of $23.92 and a twelve month high of $32.51. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.57. The company’s 50 day moving average is $28.95 and its 200 day moving average is $28.73. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 21.89 and a beta of 0.84.

COPT Defense Properties (NYSE:CDP) last posted its earnings results on Thursday, October 30th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The business had revenue of $188.80 million during the quarter, compared to the consensus estimate of $187.63 million. COPT Defense Properties had a net margin of 19.99% and a return on equity of 9.71%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. COPT Defense Properties has set its FY 2025 guidance at 2.690-2.710 EPS and its Q4 2025 guidance at 0.670-0.690 EPS. Research analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current year.

Hedge Funds Weigh In On COPT Defense Properties

A number of hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in COPT Defense Properties in the 2nd quarter worth approximately $39,371,000. Alliancebernstein L.P. grew its holdings in COPT Defense Properties by 16.8% during the 3rd quarter. Alliancebernstein L.P. now owns 8,457,373 shares of the company’s stock valued at $245,771,000 after buying an additional 1,215,936 shares in the last quarter. GRS Advisors LLC bought a new stake in shares of COPT Defense Properties during the third quarter valued at approximately $28,399,000. Two Sigma Investments LP lifted its holdings 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 buying an additional 669,181 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of COPT Defense Properties by 323.0% during the third quarter. Ameriprise Financial Inc. now owns 791,867 shares of the company’s stock worth $23,013,000 after acquiring an additional 604,670 shares during the last quarter.

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.