The stock of COPT Defense Properties (NYSE:CDP) last traded at $29.77, up 0.10% from the previous session.
CDP stock price is now -6.08% away from the 50-day moving average and 6.01% away from the 200-day moving average. The market capitalization of the company currently stands at $6.71B.
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With the price target reduced from $29 to $25, Citigroup Downgraded its rating from Buy to Neutral for COPT Defense Properties (NYSE: CDP). On February 21, 2024, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $26 to quote $28, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, Myers Matthew T, SVP-CAO & CONTROLLER sold 500 shares of the company’s stock on Dec 02 ’24. The stock was sold for $16,160 at an average price of $32.32. Upon completion of the transaction, the SVP-CAO & CONTROLLER now directly owns 7,784 shares in the company, valued at $0.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07 ’24, PRESIDENT/CEO BUDORICK STEPHEN E sold 8,854 shares of the business’s stock. A total of $288,145 was realized by selling the stock at an average price of $32.54. This leaves the insider owning 153,882 shares of the company worth $4.58 million. A total of 0.40% of the company’s stock is owned by insiders.
During the past 12 months, COPT Defense Properties has had a low of $22.20 and a high of $34.22. According to the stock market information, the enterprise value for the company is $5803864576, which is based on a 24.50 price-to-earnings ratio, a 4.58 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for CDP is $31.6982 and a two-hundred day moving average price translates $28.08295 for the stock.
The latest earnings results from COPT Defense Properties (NYSE: CDP) was released for 2024-09-30. The net profit margin was 18.27% and return on equity was 9.24% for CDP. The company reported revenue of $189.22 million for the quarter, compared to $168.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.26 percent.
