COPT Defense Properties (NYSE:CDP) Hits New 12-Month High – Time to Buy?

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

Analysts Set New Price Targets

CDP has been the subject of several research reports. Truist Financial lifted their price objective on COPT Defense Properties from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Monday, June 8th. Weiss Ratings raised COPT Defense Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. Evercore restated an “outperform” rating and issued a $38.00 price target on shares of COPT Defense Properties in a research report on Tuesday, April 28th. Wells Fargo & Company lifted their price target 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, COPT Defense Properties has a consensus rating of “Moderate Buy” and an average price target of $35.00.

COPT Defense Properties Stock Up 0.8%

The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 26.54 and a beta of 0.79. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 1.63. The firm has a fifty day moving average price of $32.68 and a 200-day moving average price of $31.42.

COPT Defense Properties (NYSE:CDP) last released its earnings results on Monday, April 27th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.34). COPT Defense Properties had a net margin of 20.10% and a return on equity of 10.02%. The business had revenue of $200.64 million during the quarter, compared to analyst estimates of $185.10 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. 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. As a group, sell-side analysts forecast that COPT Defense Properties will post 2.78 EPS for the current year.

COPT Defense Properties Announces Dividend

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

Insider Transactions at COPT Defense Properties

In other COPT Defense Properties news, Director Robert L. Denton sold 3,922 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $32.38, for a total transaction of $126,994.36. Following the completion of the sale, the director owned 3,803 shares of the company’s stock, valued at approximately $123,141.14. The trade was a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On COPT Defense Properties

Large investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC purchased a new position in COPT Defense Properties in the fourth quarter valued at about $27,000. EverSource Wealth Advisors LLC lifted its position in COPT Defense Properties by 1,176.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock worth $46,000 after acquiring an additional 1,553 shares in the last quarter. Optima Capital LLC purchased a new position in COPT Defense Properties in the 4th quarter worth approximately $63,000. Caitong International Asset Management Co. Ltd boosted its holdings in COPT Defense Properties by 283.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,173 shares of the company’s stock worth $88,000 after acquiring an additional 2,346 shares during the period. Finally, Osaic Holdings Inc. grew its position in COPT Defense Properties by 59.6% in the second quarter. Osaic Holdings Inc. now owns 3,193 shares of the company’s stock valued at $88,000 after acquiring an additional 1,192 shares in the last quarter.

About COPT Defense Properties

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.