COPT Defense Properties
About: COPT Defense Properties is a real estate investment trust that acquires, manages, and leases office and data center properties throughout the U.S. The majority of the company's real estate portfolio is composed of office buildings in the Baltimore-Washington Corridor and Northern Virginia area. COPT derives nearly all of its income in the form of rental revenue from tenants. Most of the company's revenue comes from the leasing of properties to U.S. Government agencies and its contractors in the national security, defense, and IT sectors, such as Northrop Grumman and Boeing. Regional offices in urban submarkets make also make up a sizable percentage of COPT's total square footage.
Employees: 410
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
169% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 16
68% more call options, than puts
Call options by funds: $158K | Put options by funds: $94K
21% more capital invested
Capital invested by funds: $2.99B [Q2] → $3.61B (+$622M) [Q3]
9% more funds holding
Funds holding: 264 [Q2] → 288 (+24) [Q3]
7% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 103
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
0.33% less ownership
Funds ownership: 105.87% [Q2] → 105.54% (-0.33%) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Jefferies Peter Abramowitz 38% 1-year accuracy 5 / 13 met price target | 17%upside $35 | Buy Maintained | 2 Jan 2025 |
Truist Securities Michael Lewis 64% 1-year accuracy 23 / 36 met price target | 10%upside $33 | Hold Maintained | 4 Dec 2024 |
BTIG Thomas Catherwood 14% 1-year accuracy 1 / 7 met price target | 27%upside $38 | Buy Maintained | 27 Nov 2024 |
Evercore ISI Group Steve Sakwa 42% 1-year accuracy 22 / 53 met price target | 20%upside $36 | Outperform Maintained | 30 Oct 2024 |