Wedbush Lifts Earnings Estimates for COPT Defense Properties

COPT Defense Properties (NYSE:CDP - Free Report) - Investment analysts at Wedbush boosted their FY2025 earnings estimates for shares of COPT Defense Properties in a report issued on Tuesday, October 29th. Wedbush analyst R. Anderson now forecasts that the company will earn $2.67 per share for the year, up from their prior estimate of $2.66. Wedbush has a "Outperform" rating and a $33.00 price objective on the stock. The consensus estimate for COPT Defense Properties' current full-year earnings is $2.57 per share.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its earnings results on Monday, October 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.32). COPT Defense Properties had a negative net margin of 15.75% and a negative return on equity of 7.52%. The business had revenue of $189.23 million for the quarter, compared to analyst estimates of $167.37 million. The business's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 earnings per share.

A number of other analysts also recently weighed in on the stock. Truist Financial increased their price target on shares of COPT Defense Properties from $27.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, August 29th. Evercore ISI increased their price target on shares of COPT Defense Properties from $33.00 to $36.00 and gave the company an "outperform" rating in a research report on Wednesday. Wells Fargo & Company lowered their target price on COPT Defense Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. increased their target price on COPT Defense Properties from $26.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $30.38.

COPT Defense Properties Trading Down 1.5 %

Shares of NYSE:CDP traded down $0.50 during mid-day trading on Thursday, reaching $32.20. The stock had a trading volume of 874,213 shares, compared to its average volume of 836,895. The firm has a market cap of $3.63 billion, a PE ratio of 26.39 and a beta of 0.99. The firm has a 50 day simple moving average of $30.69 and a two-hundred day simple moving average of $27.33. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $33.05.

Hedge Funds Weigh In On COPT Defense Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC grew its stake in shares of COPT Defense Properties by 1.4% in the third quarter. CWM LLC now owns 35,098 shares of the company's stock valued at $1,065,000 after buying an additional 475 shares in the last quarter. Fifth Third Bancorp lifted its holdings in COPT Defense Properties by 1.0% during the 2nd quarter. Fifth Third Bancorp now owns 58,401 shares of the company's stock valued at $1,462,000 after purchasing an additional 574 shares during the last quarter. Arizona State Retirement System lifted its holdings in COPT Defense Properties by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 31,508 shares of the company's stock valued at $789,000 after purchasing an additional 578 shares during the last quarter. Presima Securities ULC lifted its holdings in COPT Defense Properties by 1.3% during the 3rd quarter. Presima Securities ULC now owns 60,410 shares of the company's stock valued at $1,832,000 after purchasing an additional 800 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in COPT Defense Properties by 5.1% during the 2nd quarter. Van ECK Associates Corp now owns 19,981 shares of the company's stock valued at $500,000 after purchasing an additional 967 shares during the last quarter.

Insider Transactions at COPT Defense Properties

In other news, COO Britt A. Snider bought 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average cost of $29.41 per share, with a total value of $29,410.00. Following the completion of the purchase, the chief operating officer now owns 2,000 shares of the company's stock, valued at $58,820. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.06% of the company's stock.

COPT Defense Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.18 annualized dividend and a dividend yield of 3.66%. COPT Defense Properties's dividend payout ratio is currently 96.72%.

COPT Defense Properties Company Profile

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.