COPT Defense Properties (CDP) Stock Price, News & Analysis

Company Overview

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. As of December 31, 2023, the Company's Defense/IT Portfolio of 190 properties, including 24 owned through unconsolidated joint ventures, encompassed 21.7 million square feet and was 97.2% leased.

Key Stats

• Today's Range: $30.06 to $30.70
• 50-Day Range: $29.53 to $32.70
• 52-Week Range: $22.20 to $34.22
• Volume: 1.22 million shs
• Average Volume: 857,823 shs
• Market Capitalization: $3.46 billion
• P/E Ratio: 25.15
• Dividend Yield: 3.85%
• Price Target: $30.86
• Consensus Rating: Moderate Buy

COPT Defense Properties Stock Analysis - MarketRank™

COPT Defense Properties scored higher than 60% of companies evaluated by MarketBeat, and ranked 554th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

COPT Defense Properties has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

COPT Defense Properties has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 4.28%

Earnings Growth

Earnings for COPT Defense Properties are expected to grow by 4.28% in the coming year, from $2.57 to $2.68 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of COPT Defense Properties is 25.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of COPT Defense Properties is 25.15, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.34.

Price to Book Value per Share Ratio

COPT Defense Properties has a P/B Ratio of 2.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.48% of the float of COPT Defense Properties has been sold short.

Short Interest Ratio / Days to Cover

COPT Defense Properties has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in COPT Defense Properties has recently decreased by 6.01%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

COPT Defense Properties is a leading dividend payer. It pays a dividend yield of 3.95%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

COPT Defense Properties does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of COPT Defense Properties is 96.72%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, COPT Defense Properties will have a dividend payout ratio of 44.03% next year. This indicates that COPT Defense Properties will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.48% of the float of COPT Defense Properties has been sold short.

Short Interest Ratio / Days to Cover

COPT Defense Properties has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in COPT Defense Properties has recently decreased by 6.01%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 4.0 / 5
• News Sentiment: 1.15

News Sentiment

COPT Defense Properties has a news sentiment score of 1.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for COPT Defense Properties this week, compared to 3 articles on an average week.

Search Interest

3 people have searched for CDP on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

82 people have added COPT Defense Properties to their MarketBeat watchlist in the last 30 days. This is an increase of 583% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, COPT Defense Properties insiders have bought more of their company's stock than they have sold. Specifically, they have bought $29,410.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 1.06% of the stock of COPT Defense Properties is held by insiders.

CDP Stock Analysis - Frequently Asked Questions

How have CDP shares performed this year?

COPT Defense Properties' stock was trading at $25.63 on January 1st, 2024. Since then, CDP shares have increased by 19.7% and is now trading at $30.6850.
View the best growth stocks for 2024 here.

How were COPT Defense Properties' earnings last quarter?

COPT Defense Properties (NYSE:CDP) posted its earnings results on Monday, October, 28th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.64 by $0.32. COPT Defense Properties's revenue for the quarter was up 12.3% on a year-over-year basis.

Who are COPT Defense Properties' major shareholders?

COPT Defense Properties' top institutional shareholders include State Street Corp (5.59%), Victory Capital Management Inc. (3.62%), Geode Capital Management LLC (2.60%) and FMR LLC (2.45%). Insiders that own company stock include Steven D Kesler, Lisa G Trimberger and Britt A Snider.
View institutional ownership trends.

How do I buy shares of COPT Defense Properties?

Shares of CDP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of COPT Defense Properties own?

Based on aggregate information from My MarketBeat watchlists, some other companies that COPT Defense Properties investors own include The RMR Group (RMR), Waste Connections (WCN), iShares Micro-Cap ETF (IWC), DiamondRock Hospitality (DRH), American Water Works (AWK), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Ex-Dividend for 10/17 Dividend: 9/30/2024
• Dividend Payable: 10/17/2024
• Last Earnings: 10/28/2024
• Today: 11/20/2024
• Ex-Dividend for 1/15 Dividend: 12/31/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/15/2025
• Next Earnings (Estimated): 2/13/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NYSE:CDP
• CUSIP: N/A
• CIK: 860546
• Web: www.copt.com
• Phone: 443-285-5400
• Fax: 443-285-7650
• Employees: 400
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $30.86
• High Stock Price Target: $36.00
• Low Stock Price Target: $25.00
• Potential Upside/Downside: +0.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.57
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.22
• Trailing P/E Ratio: 25.15
• Forward P/E Ratio: 11.94
• P/E Growth: N/A
• Net Income: $-73,470,000.00
• Net Margins: 18.34%
• Pretax Margin: 19.05%
• Return on Equity: 8.99%
• Return on Assets: 3.25%

Debt

• Debt-to-Equity Ratio: 1.56
• Current Ratio: 2.38
• Quick Ratio: 2.38

Sales & Book Value

• Annual Sales: $684.98 million
• Price / Sales: 5.05
• Cash Flow: $0.76 per share
• Price / Cash Flow: 40.31
• Book Value: $13.54 per share
• Price / Book: 2.27

Miscellaneous

• Outstanding Shares: 112,690,000
• Free Float: 111,498,000
• Market Cap: $3.46 billion
• Optionable: Optionable
• Beta: 0.98