Equities Analysts Offer Predictions for CDP FY2025 Earnings

COPT Defense Properties (NYSE:CDP) – Equities researchers at Wedbush increased their FY2025 earnings per share (EPS) estimates for COPT Defense Properties in a report released on Tuesday, October 29th. Wedbush analyst R. Anderson now anticipates that the company will earn $2.67 per share for the year, up from their previous estimate of $2.66. Wedbush currently has a “Outperform” rating and a $33.00 target price on the stock. The consensus estimate for COPT Defense Properties’ current full-year earnings is $2.57 per share.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $189.23 million during the quarter, compared to analyst estimates of $167.37 million. During the same quarter last year, the firm earned $0.60 EPS. The business’s revenue was up 12.3% on a year-over-year basis.

Other equities analysts have also recently issued reports about the company. Evercore ISI boosted their price target on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of COPT Defense Properties from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Wells Fargo & Company lowered their target price on shares of COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Finally, Truist Financial lifted their price target on shares of COPT Defense Properties from $27.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, COPT Defense Properties presently has a consensus rating of “Moderate Buy” and an average price target of $30.38.

COPT Defense Properties Trading Down 1.5 %

Shares of CDP stock opened at $32.20 on Thursday. The stock has a market cap of $3.63 billion, a P/E ratio of 26.39 and a beta of 0.99. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a fifty-two week low of $22.20 and a fifty-two week high of $33.05. The business has a fifty day simple moving average of $30.69 and a 200-day simple moving average of $27.33.

Hedge Funds Weigh In On COPT Defense Properties

Large investors have recently modified their holdings of the stock. Asset Management One Co. Ltd. increased its holdings in COPT Defense Properties by 17.2% in the third quarter. Asset Management One Co. Ltd. now owns 220,524 shares of the company’s stock valued at $6,688,000 after buying an additional 32,362 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of COPT Defense Properties by 10.5% in the 3rd quarter. Van ECK Associates Corp now owns 22,085 shares of the company’s stock valued at $707,000 after acquiring an additional 2,104 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in shares of COPT Defense Properties by 2.0% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 886,136 shares of the company’s stock valued at $26,876,000 after acquiring an additional 17,306 shares during the last quarter. abrdn plc raised its position in shares of COPT Defense Properties by 10.5% during the 3rd quarter. abrdn plc now owns 22,492 shares of the company’s stock valued at $682,000 after acquiring an additional 2,146 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new position in COPT Defense Properties during the third quarter worth $236,000.

Insider Activity at COPT Defense Properties

In related news, COO Britt A. Snider acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was bought at an average cost of $29.41 per share, with a total value of $29,410.00. Following the acquisition, the chief operating officer now directly owns 2,000 shares in the company, valued at approximately $58,820. The trade was a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is currently owned by corporate insiders.

COPT Defense Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a $0.295 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.66%. COPT Defense Properties’s dividend payout ratio (DPR) is presently 96.72%.

About COPT Defense Properties

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.