COPT Defense PropertiesCDP
Market Cap: $3.29B
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 Q2 SEC filings by fund managers ($100M+ AUM)
5% more capital invested
Capital invested by funds: $2.76B [Q1] → $2.91B (+$151M) [Q2]
1.78% more ownership
Funds ownership: 101.49% [Q1] → 103.27% (+1.78%) [Q2]
0% less funds holding
Funds holding: 265 [Q1] → 264 (-1) [Q2]
5% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 22
8% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 110
87% less call options, than puts
Call options by funds: $55K | Put options by funds: $418K
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
JP Morgan | 6%upside $31 | Neutral Maintained | 4 Sept 2024 |
Wells Fargo Blaine Heck 40% 1-year accuracy 2 / 5 met price target | 13%upside $33 | Overweight Maintained | 30 Aug 2024 |
Truist Securities Michael Lewis 84% 1-year accuracy 37 / 44 met price target | 6%upside $31 | Hold Maintained | 29 Aug 2024 |
Wedbush Richard Anderson 87% 1-year accuracy 33 / 38 met price target | 13%upside $33 | Outperform Maintained | 5 Aug 2024 |
Evercore ISI Group Steve Sakwa 68% 1-year accuracy 32 / 47 met price target | 13%upside $33 | Outperform Maintained | 31 Jul 2024 |
Financial journalist opinion
Based on 5 articles about CDP published over the past 30 days