COPT Defense Properties (CDP) Stock Price & Analysis
COPT Defense Properties (CDP) closed at USD 34.25 on Thursday, October 29, 2026, up 2.33% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 33.47; the Oct 29, 2026 session ranged USD 33.59–34.25 on volume of 734,717 shares. Market capitalization is $3.97B, with a 52-week range of USD 27.06–38.9 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 20:30 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CDP.md
Latest Earnings Results (CDP)
COPT Defense Properties (CDP) reported Q3 2026 results on Oct 29, 2026, 4:25:09 PM ET: GAAP EPS $0.41 vs. estimate $0.35 (beat), revenue $208.76M vs. estimate $195.75M (beat). Source: SEC 8-K filing. Nexqual published it 54 seconds after release. Read the SEC filing.
| Fiscal period | EPS (reported) | Revenue | Released | Source |
|---|---|---|---|---|
| Q3 2026 | $0.41 (GAAP diluted) | $208.8M | Oct 29, 2026, 4:25:09 PM ET · on Nexqual +54 seconds | SEC 8-K filing |
Reported actuals captured by Nexqual from SEC 8-K filings and company press releases; each figure confirmed by two independent extraction methods.
Key facts (CDP)
- Last four reported quarters (through Jun 30, 2026): revenue $784M, net income $172M (21.9% margin), free cash flow $318M (SEC filings).
- Valuation: P/E 23.1x (avg 22.0x at the last 2 fiscal year-ends), net debt $2.57B.
- 1 of 80 tracked superinvestors hold CDP (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $1.2M; 2 not under a Rule 10b5-1 plan ($1.2M); 0 by opportunistic insiders, 1 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.38 on a 1–5 scale) (8 analysts), mean target USD 39.75 (range 38–44).
- Total return with dividends: 1Y +30.4% vs S&P 500 +14.4%; 5Y +56.7% vs S&P 500 +79.1%.
- Next earnings: 2026-10-29, EPS estimate USD 0.35, revenue estimate $196M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CDP)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $664M | $739M | $685M | $753M | $764M | $784M |
| Gross profit | $560M | — | — | — | — | — |
| Net income | $81.6M | $179M | -$74.3M | $144M | $160M | $172M |
| EPS (diluted) | $0.68 | $1.53 | -$0.67 | $1.23 | $1.34 | — |
| Free cash flow | $219M | $229M | $256M | $300M | $289M | $318M |
| Gross margin | 84.3% | — | — | — | — | — |
| Net margin | 12.3% | 24.2% | -10.9% | 19.1% | 20.9% | 21.9% |
| Revenue growth | +14.1% | +11.2% | -7.3% | +10.0% | +1.4% | — |
| Cash + short-term investments | $13.3M | $12.3M | $168M | $38.3M | $275M | — |
| Total debt | $2.27B | $2.23B | $2.42B | $2.39B | $2.77B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CDP)
P/E 23.1x · P/S 5.1x · EV/Sales 8.3x · P/FCF 12.5x · P/B 2.6x · FCF yield 8.02% · Earnings yield 4.33% · Dividend yield (paid, TTM) 3.52% · Net debt $2.57B · EV $6.54B
P/E at fiscal year-ends: Dec 2025 19.7x, Dec 2024 24.3x.
Superinvestors (SEC 13F-HR, Q2 2026) (CDP)
1 of 80 tracked investors hold CDP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Christopher Davis | Davis Advisors | 0.05% | $10.7M | Reduced -2.2% |
Insider sales (SEC Form 4, open-market, last ~7 months) (CDP)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-29 | Pickett C Taylor | Director | 31,798 | $1.0M | 44.2% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-26 | Denton Robert L | Director | 3,922 | $127K | 50.8% | No | Routine (sold in May each year 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (CDP)
Consensus Buy (mean 2.38 on a 1–5 scale), 8 analysts; mean target USD 39.75 (low 38, high 44).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-21 | Evercore ISI Group | Target lowered | Outperform | $43 → $41 |
| 2026-09-01 | Wells Fargo | Target raised | Overweight | $36 → $41 |
| 2026-08-24 | Truist Securities | Target raised | Hold | $34 → $38 |
| 2026-07-30 | Citigroup | Target raised | Neutral | $34 → $40 |
| 2026-07-28 | Evercore ISI Group | Target raised | Outperform | $42 → $43 |
| 2026-07-27 | Evercore ISI Group | Target raised | Outperform | $41 → $42 |
| 2026-07-06 | Evercore ISI Group | Target raised | Outperform | $39 → $41 |
Total return (dividends reinvested) (CDP)
| 1Y (from 2025-10-30) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +30.4% | +56.7% |
| S&P 500 (SPY) | +14.4% | +79.1% |
| Per year | +30.5% | +9.4% |
| Volatility (annualized) | 18.3% | 22.5% |
| Max drawdown | -13.8% (Jul 2026→Oct 2026) | -21.4% (Jan 2023→Mar 2023) |
CDP earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.40 | $0.32 | Beat +25.0% | — |
| — | Quarter ended Mar 31, 2026 | $0.34 | $0.32 | Beat +6.3% | — |
| — | Quarter ended Dec 31, 2025 | $0.33 | $0.33 | In line | — |
| — | Quarter ended Sep 30, 2025 | $0.35 | $0.35 | In line | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
CDP recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 29, 2026 | 8-K | Quarterly results |
| Aug 3, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Jul 27, 2026 | 8-K | Quarterly results |
| Jul 16, 2026 | Schedule 13G | JPMORGAN CHASE & CO: 5.3% of shares, passive 5%+ holder |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
CDP suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | LW Redstone Company | “•$17.3 million for land in a business park in Huntsville, Alabama under 26 leases through our LW Redstone Company, LLC joint venture, with remaining terms ranging from 37 to 49 years and options to renew for an additional 25 years that were not included in the term used in determining the asset balance;” |
| Partner | M Square Associates | “•$8.7 million for land in a research park in College Park, Maryland under five leases through our M Square Associates, LLC joint venture, all of the rent on which was previously paid.” |
| Partner | Third Amended and Restated | “During the three months ended December 31, 2025, we issued 262,165 common shares in exchange for 262,165 CDPLP common units in accordance with CDPLP's Third Amended and Restated Limited Partnership Agreement, as amended.” |
| Partner | Redshift JV | “On January 10, 2023, we sold a 90% interest in three data center shell properties in Northern Virginia based on an aggregate property value of $211.3 million and retained a 10% interest in the properties through Redshift JV LLC ("Redshift"), a newly-formed joint venture.” |
| Partner | Stevens Investors | “•for Stevens Investors, LLC, net cash flows of this entity are distributed to the partners as follows: (1) member loans and accrued interest; (2) pro rata return of the partners' capital; (3) pro rata return of the partners' respective unpaid preferred returns; and (4) varying splits of 85% to 60% to us and the balance to our partners as we reach specified return hurdles.” |
| Partner | RE COPT DC JV III | “Investments with deficit balances are attributable to JV distributions of nonrecourse debt refinancing proceeds in excess of our equity in B RE COPT DC JV III LLC and B RE COPT DC JV II LLC; we are obligated to fund our share of future cash flow requirements of these joint ventures.” |
| Partner | RE COPT DC JV II | “Investments with deficit balances are attributable to JV distributions of nonrecourse debt refinancing proceeds in excess of our equity in B RE COPT DC JV III LLC and B RE COPT DC JV II LLC; we are obligated to fund our share of future cash flow requirements of these joint ventures.” |
Quoted from the company's 10-K filed Feb 20, 2026.
CDP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.35 | $0.33 | +6.1% | $195.8M | 1 |
| Next quarter (ends Dec 2026) | $0.35 | $0.35 | +0.0% | $198.0M | 1 |
| Current fiscal year (ends Dec 2026) | $1.45 | $1.36 | +6.3% | $785.5M | 3 |
| Next fiscal year (ends Dec 2027) | $1.46 | $1.40 | +4.3% | $811.0M | 1 |
Key Statistics (as of October 29, 2026 at 20:30 UTC)
| Price | USD 34.25 |
|---|---|
| Change | ▲ 2.33% (up) |
| Previous Close | USD 33.47 |
| Open | USD 33.81 |
| Day Range | USD 33.59 – 34.25 |
| 52-Week Range | USD 27.06 – 38.9 |
| Volume | 734,717 shares |
| Market Cap | $3.97B |
| Exchange | NYQ |
Technical Analysis (CDP)
Nexqual's technical model rates CDP "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 29, 2026 at 20:30 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 54.39 (neutral) |
| vs SMA50 | Below (USD 34.56) |
| MACD | -0.14 (negative) |
Analyst Ratings (CDP)
Wall Street analysts rate CDP "Buy" based on 8 analysts, with a mean price target of USD 39.75 (range USD 38–44), per Nexqual as of October 29, 2026 at 20:30 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 8 |
| Mean Target | USD 39.75 |
| High Target | USD 44 |
| Low Target | USD 38 |
| Buy / Hold / Sell | 5 / 3 / 0 |
Earnings (CDP)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.35 |
| Revenue Estimate | $195.75M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.4 vs est 0.32 ▲ beat |
| 2026-03-31 | USD 0.34 vs est 0.32 ▲ beat |
| 2025-12-31 | USD 0.33 vs est 0.33 ▼ miss |
| 2025-09-30 | USD 0.35 vs est 0.35 ▼ miss |
Source: Nexqual, October 29, 2026 at 20:30 UTC.
Financials & Fundamentals (CDP)
| Total Revenue | $788.06M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +3.90% |
| Gross Margin | +58.26% |
| Operating Margin | +32.17% |
| Profit Margin | +20.84% |
| ROE | +10.82% |
| Debt / Equity | 1.64 |
| Current Ratio | 2.59 |
| Total Cash | $24.17M |
| Total Debt | $2.64B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $318.37M (40.6% of revenue) |
Source: Nexqual, October 29, 2026 at 20:30 UTC.
Financial Health Score (CDP)
Nexqual rates COPT Defense Properties's overall financial health "Solid" across five dimensions, as of October 29, 2026 at 20:30 UTC.
| Growth | Mixed — Revenue +1.4% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 58%, operating 32% (last 12 months) |
| Balance Sheet | Weak — $24M cash and investments vs $2.59B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $318M (last 4 quarters to Jun 2026, SEC), 41% margin |
| Efficiency | Mixed — ROE 11%, ROA 3.8% (last 4 quarters, SEC) |
Ownership (CDP)
| Insider Ownership | +0.25% |
|---|---|
| Institutional Ownership | +117.27% |
| Shares Outstanding | 113.41M |
| Float | 112.07M |
| Short % of Float | +12.16% |
Source: Nexqual, October 29, 2026 at 20:30 UTC.
Leadership (CDP)
COPT Defense Properties is led by Stephen E. Budorick, President, CEO & Trustee, per Nexqual as of October 29, 2026 at 20:30 UTC.
| President, CEO & Trustee | Stephen E. Budorick |
|---|---|
| Executive VP & CFO | Anthony Mifsud |
| Executive VP & COO | Britt A. Snider |
| Vice President of Investor Relations | Venkat Kommineni C.F.A. |
| Director of Human Resources | Sarah Blackwell Rowland |
Major Backers & Investors (CDP)
Notable institutional backers of COPT Defense Properties include Alliancebernstein L.P., JPMorgan, Earnest Partners LLC, according to Nexqual as of October 29, 2026 at 20:30 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Alliancebernstein L.P. | 7.83% |
| JPMorgan | 5.36% |
| Earnest Partners LLC | 3.9% |
| Channing Capital Management, LLC | 2.55% |
| Westwood Holdings Group Inc. | 2.5% |
| Fidelity | 1.12% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 17.56% |
| Vanguard Group | 15.14% |
| State Street | 6.06% |
| Geode Capital | 3.06% |
Source: Nexqual, October 29, 2026 at 20:30 UTC.
From COPT Defense Properties's Latest SEC 10-K Filing (filed 2026-02-20)
Legal & Regulatory Risks (Item 1A, quoted)
- We may be subject to other possible liabilities that would adversely affect our financial position and cash flows. Our properties may be subject to other risks related to current or future laws, including laws relating to zoning, development, fire and life safety requirements and other matters. These laws may require significant property modifications in the future and could result in the levy of fines against us.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 20:30 UTC. This page is informational and not investment advice.
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