Wedbush initiated coverage on COPT Defense Properties with a new price target
$CDP
Real Estate Investment Trusts
Real Estate
Wedbush initiated coverage of COPT Defense Properties with a rating of Outperform and set a new price target of $27.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/22/2024 | $29.00 → $25.00 | Buy → Neutral | Citigroup |
| 2/21/2024 | $26.00 → $28.00 | Hold → Buy | Jefferies |
| 2/12/2024 | $27.00 → $28.00 | In-line → Outperform | Evercore ISI |
| 12/18/2023 | $26.00 | Overweight → Neutral | JP Morgan |
| 10/3/2023 | $27.00 | Outperform | Wedbush |
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
Citigroup downgraded COPT Defense Properties from Buy to Neutral and set a new price target of $25.00 from $29.00 previously
Jefferies upgraded COPT Defense Properties from Hold to Buy and set a new price target of $28.00 from $26.00 previously
Evercore ISI upgraded COPT Defense Properties from In-line to Outperform and set a new price target of $28.00 from $27.00 previously
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announces the appointment of Britt A. Snider as Executive Vice President and Chief Operating Officer, effective December 1, 2023. Mr. Snider is an established commercial real estate executive with nearly 20 years of experience in development, asset management, property management and leasing, corporate operations, and corporate strategy. Prior to joining COPT Defense, he served as Principal of Redbrick LMD, a diversified real estate investment and development company based in Washington, D.C., where he was a member of the senior leadership team overseeing the company's development, asset management and leasing activities
COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.305 per common share for the first quarter ending March 31, 2025. This represents an increase of 3.4%, or $0.01 per share, over the most recent quarterly dividend of $0.295. The first quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on April 16, 2025, to shareholders of record on March 31, 2025. About COPT Defense 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. Govern
FFO per Share to Increase 3.5% at Midpoint COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") is establishing the following guidance for the year ending December 31, 2025: 2025 Guidance Diluted earnings per share ("EPS") in the range of $1.27−$1.35; and Diluted FFO per share ("FFOPS") - Nareit and as adjusted for comparability, in the range of $2.62−$2.70. 1Q25 Guidance For the quarter ending March 31, 2025, the Company is establishing the following guidance: EPS in the range of $0.31−$0.33; and FFOPS - Nareit and as adjusted for comparability, in the range of $0.64−$0.66. 2025 Guidance Reconciliation Tables Reconciliations of projected EPS to pro
_______________________________________________________________ EPS of $1.23 for Full Year FFO per Share, as Adjusted for Comparability, of $2.57 Increased 6.2% Over 2023 Results Total Portfolio 93.6% Occupied and 95.1% Leased Defense/IT Portfolio 95.6% Occupied and 96.8% Leased For the year, Same Property Cash NOI Increased 9.1% The Company's Highest Increase Ever Reported _______________________________________________________________ Exceeded Leasing Goals in 2024 Total Leasing of 3.2 million SF 500,000 SF of Vacancy Leasing Exceeded Annual Target of 400,000 SF Tenant Retention of 86% Highest Annual Retention Rate in Over 20 Years ___________________________
10-K - COPT DEFENSE PROPERTIES (0000860546) (Filer)
8-K - COPT DEFENSE PROPERTIES (0000860546) (Filer)
10-Q - COPT DEFENSE PROPERTIES (0000860546) (Filer)
COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.305 per common share for the first quarter ending March 31, 2025. This represents an increase of 3.4%, or $0.01 per share, over the most recent quarterly dividend of $0.295. The first quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on April 16, 2025, to shareholders of record on March 31, 2025. About COPT Defense 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. Govern
FFO per Share to Increase 3.5% at Midpoint COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") is establishing the following guidance for the year ending December 31, 2025: 2025 Guidance Diluted earnings per share ("EPS") in the range of $1.27−$1.35; and Diluted FFO per share ("FFOPS") - Nareit and as adjusted for comparability, in the range of $2.62−$2.70. 1Q25 Guidance For the quarter ending March 31, 2025, the Company is establishing the following guidance: EPS in the range of $0.31−$0.33; and FFOPS - Nareit and as adjusted for comparability, in the range of $0.64−$0.66. 2025 Guidance Reconciliation Tables Reconciliations of projected EPS to pro
_______________________________________________________________ EPS of $1.23 for Full Year FFO per Share, as Adjusted for Comparability, of $2.57 Increased 6.2% Over 2023 Results Total Portfolio 93.6% Occupied and 95.1% Leased Defense/IT Portfolio 95.6% Occupied and 96.8% Leased For the year, Same Property Cash NOI Increased 9.1% The Company's Highest Increase Ever Reported _______________________________________________________________ Exceeded Leasing Goals in 2024 Total Leasing of 3.2 million SF 500,000 SF of Vacancy Leasing Exceeded Annual Target of 400,000 SF Tenant Retention of 86% Highest Annual Retention Rate in Over 20 Years ___________________________