COPT Defense Properties (NYSE:CDP) Reaches New 1-Year High - Still a Buy?

Market Beat
2026.06.09 16:35
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COPT Defense Properties (NYSE:CDP) hit a new 52-week high of $33.41, driven by positive analyst sentiment. Multiple firms, including Wells Fargo and Weiss Ratings, upgraded ratings or raised price targets, resulting in an average 'Moderate Buy' consensus with a $35 target. The company recently reported Q1 earnings missing EPS estimates but beating revenue, alongside a new quarterly dividend of $0.32 per share. Institutional investors like Vanguard and JPMorgan increased their stakes, while insider Robert Denton sold shares.