CDP icon

COPT Defense Properties

29.88 USD
+0.31
1.05%
At close Jan 21, 4:00 PM EST
After hours
29.88
+0.00
0.00%
1 day
1.05%
5 days
0.54%
1 month
-3.71%
3 months
-6.33%
6 months
10.01%
Year to date
-3.24%
1 year
19.76%
5 years
-0.66%
10 years
2.26%
 

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

0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 4 analysts

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

Low target
$33
10%
upside
Avg. target
$36
19%
upside
High target
$38
27%
upside

4 analyst ratings

positive
75%
neutral
25%
negative
0%
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

Financial journalist opinion

Neutral
Business Wire
1 week ago
COPT Defense Provides Conference Call Details to Discuss 4Q and YE 2024 Results and Management's 2025 Outlook
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the release date and conference call details in which management will discuss fourth quarter and year end 2024 results and guidance for 2025. Details: Results Release Date:   Thursday, February 6, 2025 after the market closes Conference Call Date:   Friday, February 7, 2025  Time:    12:00 p.m. Eastern Participants must register for the conference call at the link below to receive the.
COPT Defense Provides Conference Call Details to Discuss 4Q and YE 2024 Results and Management's 2025 Outlook
Positive
Seeking Alpha
1 month ago
Goldilocks Data Upholds Fed Cut
U.S. equity markets climbed to fresh record-highs this week, while benchmark interest rates ticked lower, after a critical slate of employment data showed lukewarm labor market trends in November. Viewed as a "Goldilocks" report that effectively locked in a December rate cut, payrolls data showed solid "headline" job growth of 227k in November, but notably weaker trends under the surface. Posting gains for a third straight week to extend its post-election rally to around 7%, the S&P 500 advanced another 0.9% this week - pacing for its best year since 2019.
Goldilocks Data Upholds Fed Cut
Positive
Seeking Alpha
1 month ago
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior housing demand and limited new supply, despite valuation debates and management changes at Healthcare Realty. Multifamily and single-family rental sectors show regional variability, but long-term growth driven by demographic trends.
Property Type Round-Up From REITworld 2024
Neutral
GlobeNewsWire
2 months ago
COPT Defense Properties (NYSE: CDP), President & CEO Steve Budorick Interviewed by Advisor Access
COPT Defense Properties: A Unique Specialty Real Estate Franchise Supporting National Defense COPT Defense Properties: A Unique Specialty Real Estate Franchise Supporting National Defense
COPT Defense Properties (NYSE: CDP), President & CEO Steve Budorick Interviewed by Advisor Access
Neutral
Business Wire
2 months ago
COPT Defense Declares Fourth Quarter 2024 Common Dividend
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced today that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the fourth quarter ending December 31, 2024. The fourth quarter 2024 dividend represents an annualized amount of $1.18 per share and is payable on January 15, 2025, to shareholders of record on December 31, 2024. About COPT Defense COPT Defense, an S&P MidCap 400 Company, is a sel.
COPT Defense Declares Fourth Quarter 2024 Common Dividend
Negative
Seeking Alpha
2 months ago
Pivotal Decisions
Ahead of a pivotal week of consequential decisions, U.S. equity markets posted a second-straight week of declines as investors parsed a relatively disappointing slate of employment and inflation data. The pivotal Nonfarm Payrolls report showed that the U.S. economy added just 12k jobs in October - the weakest month since 2020 - with notably weaker trends under the surface. Private employment declined by 28k during the month, fueled by the largest plunge in manufacturing employment since the pandemic shutdown, alongside job declines in retail, transportation, and hospitality.
Pivotal Decisions
Neutral
Seeking Alpha
2 months ago
COPT Defense Properties (CDP) Q3 2024 Earnings Call Transcript
COPT Defense Properties (NYSE:CDP ) Q3 2024 Earnings Conference Call October 29, 2024 12:00 PM ET Company Participants Venkat Kommineni - VP, IR Steve Budorick - President and CEO Britt Snider - EVP and COO Anthony Mifsud - EVP and CFO Conference Call Participants Steve Sakwa - Evercore ISI Blaine Heck - Wells Fargo Michael Griffin - Citi Tom Catherwood - BTIG Richard Anderson - Wedbush Securities Peter Abramowitz - Jefferies Dylan Burzinski - Green Street Operator Welcome to the COPT Defense Properties Third Quarter 2024 Results Conference Call. As a reminder, today's call is being recorded.
COPT Defense Properties (CDP) Q3 2024 Earnings Call Transcript
Neutral
Zacks Investment Research
2 months ago
COPT Defense (CDP) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for COPT Defense (CDP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
COPT Defense (CDP) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Positive
Zacks Investment Research
2 months ago
COPT Defense (CDP) Q3 FFO and Revenues Surpass Estimates
COPT Defense (CDP) came out with quarterly funds from operations (FFO) of $0.65 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to FFO of $0.60 per share a year ago.
COPT Defense (CDP) Q3 FFO and Revenues Surpass Estimates
Neutral
Business Wire
2 months ago
COPT Defense Reports Strong Third Quarter 2024 Results
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (“COPT Defense” or the “Company”) (NYSE: CDP) announced results for the third quarter ended September 30, 2024. Management Comments Stephen E. Budorick, COPT Defense's President & Chief Executive Officer, commented, “Our Defense/IT investment strategy, which concentrates our portfolio near priority U.S. defense installations, continued to generate strong results during the third quarter. FFO per share exceeded the midpoint of our guida.
COPT Defense Reports Strong Third Quarter 2024 Results
Charts implemented using Lightweight Charts™