Latest news with #COPTDefenseProperties
CNBC
4 days ago
- Business
- CNBC
The setup is ‘compelling' for these two real estate stocks, Wolfe says – and they pay big dividend yields
The real estate sector has been a lackluster performer in recent weeks, but some dividend-paying stocks in the group could be showing signs of promise, according to Wolfe Research. While the S & P 500 was up more than 6% in May, the real estate sector only advanced about 0.9% in that time. Real estate's performance last month coincided with a volatile period for longer-dated Treasurys, including the 10-year note, as investors grappled with shakiness around tariff policy and deficit worries as the House of Representatives cleared a massive tax and spending bill . The 10-year Treasury is closely tied to the real estate sector, as a spike in yields raises borrowing costs and hurts returns on real estate investments. But even as the real estate sector has had a rough go, one corner of the market is standing out. "A more diluted group that intrigues us is Office [real estate investment trusts]," wrote Wolfe Research managing director and technical analyst Rob Ginsberg in a May 30 report. Indeed, the S & P 500's office REIT sub-industry group was up more than 5% in May – its first winning month in 2025. "[T]he group is starting to come around nicely following months of aggressive underperformance," Ginsberg added, noting that two names in particular are seeig "compelling setups." COPT Defense Properties Ginsberg called out COPT Defense Properties , noting that once the stock punches through its 200-day moving average of $29, its November high at $34 will be "the only thing left in its path." COPT Defense ended Tuesday's trading at $27.56. Shares are off more than 11% in 2025, and pay a current dividend yield of 4.4%. COPT Defense, based in Maryland, has a tenant base that includes U.S. government agencies and defense contractors. It also owns and operates more than 30 data centers. Earlier this year, the REIT lifted its quarterly dividend by 3.4%, a move that caught the attention of Wedbush analyst Richard Anderson. "The company confidently raised the dividend as results are beating essentially every guidance building block," he said in a May 12 report. Anderson rates COPT outperform. "Bigger picture, even though CDP appears protected from [Department of Government Efficiency] cuts and other military forced departures, we think the market [sees] the company as too close for comfort," he added. "Assuming CDP continues to perform, we expect it to shake that stigma." Wall Street also likes the name, with most analysts rating it a buy or strong buy, according to LSEG, and the consensus price target calling for 15% upside. Highwoods Properties Ginsberg also highlighted North Carolina-based Highwoods Properties , which owns and manages real estate in business districts in major Sunbelt cities, including Atlanta, Charlotte and Orlando. The key level for investors to watch is the $30.50 mark – Highwoods' 200-day moving average, Ginsberg said. Once the stock tops that, it would open a "sizable runway to the high $30s," he added. Shares ended Tuesday at $30.31. Highwoods' stock is off about 1% in 2025, and it pays a dividend yield of 6.6%. "We see the set-up into FY26-27 as promising but still see some execution risk and remain Neutral," Mizuho analyst Vikram Malhotra said in a report last week after meeting with Highwoods' CFO Brendan Maiorana. Malhotra noted that the South is still benefiting from migration trends, which is lifting office demand in Highwoods' markets. "Getting back to steady 'mid-single-digit' cash flow growth combined with a well-covered 7% dividend is the opportunity for investors," the analyst added. Analysts largely rate the company a hold, and the consensus price target sees just 1% upside from current levels, according to LSEG. —CNBC's Michael Bloom contributed reporting.
Yahoo
28-05-2025
- Business
- Yahoo
COPT Defense to Present at Nareit's REITweek: 2025 Investor Conference
COLUMBIA, Md., May 28, 2025--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) ("COPT Defense" or the "Company") announced that its President and CEO, Stephen E. Budorick, will provide an update on the Company and participate in a question and answer session at Nareit's REITweek: 2025 Investor Conference. The presentation will be held on June 3, 2025 at 8:45 a.m. Eastern Time at the New York Hilton Midtown in New York, NY. A live audio webcast of the presentation and accompanying materials will be available in the 'News & Events – IR Calendar' section of COPT's Investors website: 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. Government ("USG") defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. As of March 31, 2025, the Company's Defense/IT Portfolio of 198 properties, including 24 owned through unconsolidated joint ventures, encompassed 22.6 million square feet and was 96.6% leased. Forward-Looking Information This press release may contain "forward-looking" statements, as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that are based on the Company's current expectations, estimates and projections about future events and financial trends affecting the Company. Forward-looking statements can be identified by the use of words such as "may," "will," "should," "could," "believe," "anticipate," "expect," "estimate," "plan" or other comparable terminology. Forward-looking statements are inherently subject to risks and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate. Although the Company believes that the expectations, estimates and projections reflected in such forward-looking statements are based on reasonable assumptions at the time made, the Company can give no assurance that these expectations, estimates and projections will be achieved. Future events and actual results may differ materially from those discussed in the forward-looking statements and the Company undertakes no obligation to update or supplement any forward-looking statements. The areas of risk that may affect these expectations, estimates and projections include, but are not limited to, those risks described in Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024. Source: COPT Defense Properties View source version on Contacts IR Contacts: Venkat Kommineni, CFA 443.285.5587 Michelle Layne 443.285.5452 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
28-04-2025
- Business
- Washington Post
COPT Defense: Q1 Earnings Snapshot
COLUMBIA, Md. — COLUMBIA, Md. — COPT Defense Properties (CDP) on Monday reported a key measure of profitability in its first quarter. The results matched Wall Street expectations. The Columbia, Maryland-based real estate investment trust said it had funds from operations of $56 million, or 65 cents per share, in the period. The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 65 cents per share. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $34.7 million, or 31 cents per share. The real estate investment trust specializing in suburban office properties posted revenue of $187.9 million in the period. For the current quarter ending in June, COPT Defense expects its per-share funds from operations to range from 65 cents to 67 cents. The company expects full-year funds from operations in the range of $2.63 to $2.69 per share. The company's shares have dropped 14% since the beginning of the year. In the final minutes of trading on Monday, shares hit $26.69, a rise of 13% in the last 12 months. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CDP at
Yahoo
08-03-2025
- Business
- Yahoo
COPT Defense Properties Faces Risks: Analyst Sees Uncertainty In Leasing Process Amid Budget Cut Risks
JP Morgan analyst Anthony Paolone maintained the Neutral rating on COPT Defense Properties (NYSE:CDP), lowering the price forecast to $29 from $31. The analyst suggests that while COPT Defense Properties' management execution and business trends offer good visibility for expected growth, some emerging risks have been identified. The most significant risk is related to DOGE, as any potential reduction in the DOD's budget or changes in contract awards by the Federal government could slow COPT Defense Properties' leasing process. However, Paolone finds it unlikely that the core missions supported by COPT Defense Properties' portfolio, such as cybersecurity and critical command functions, would suddenly become less relevant, though the way funds are allocated could change. Also Read: The analyst writes, there is some anticipation surrounding COPT Defense Properties' Huntsville market potentially being awarded the Space Command HQ, which has not yet occurred. If another area becomes a contender for the command, it could reduce demand for build-to-suit projects. Additionally, the analyst notes that a key part of the company's future development growth involves data center shells for AWS in Des Moines, Iowa. However, if the company cannot secure power or its tenant decides to proceed at a slower pace, it could impact the pipeline. Finally, the analyst mentions that while COPT Defense Properties plans to sell its regional office assets, these sales could be dilutive to earnings growth and are not included in the company's multi-year FFO CAGR forecast. Price Action: CDP shares closed lower by 1.26% to $26.67 on Thursday. Read Next:Photo by Ground Picture on Shutterstock. Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article COPT Defense Properties Faces Risks: Analyst Sees Uncertainty In Leasing Process Amid Budget Cut Risks originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
07-03-2025
- Business
- Yahoo
COPT Defense Properties Faces Risks: Analyst Sees Uncertainty In Leasing Process Amid Budget Cut Risks
JP Morgan analyst Anthony Paolone maintained the Neutral rating on COPT Defense Properties (NYSE:CDP), lowering the price forecast to $29 from $31. The analyst suggests that while COPT Defense Properties' management execution and business trends offer good visibility for expected growth, some emerging risks have been identified. The most significant risk is related to DOGE, as any potential reduction in the DOD's budget or changes in contract awards by the Federal government could slow COPT Defense Properties' leasing process. However, Paolone finds it unlikely that the core missions supported by COPT Defense Properties' portfolio, such as cybersecurity and critical command functions, would suddenly become less relevant, though the way funds are allocated could change. Also Read: The analyst writes, there is some anticipation surrounding COPT Defense Properties' Huntsville market potentially being awarded the Space Command HQ, which has not yet occurred. If another area becomes a contender for the command, it could reduce demand for build-to-suit projects. Additionally, the analyst notes that a key part of the company's future development growth involves data center shells for AWS in Des Moines, Iowa. However, if the company cannot secure power or its tenant decides to proceed at a slower pace, it could impact the pipeline. Finally, the analyst mentions that while COPT Defense Properties plans to sell its regional office assets, these sales could be dilutive to earnings growth and are not included in the company's multi-year FFO CAGR forecast. Price Action: CDP shares closed lower by 1.26% to $26.67 on Thursday. Read Next:Photo by Ground Picture on Shutterstock. Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article COPT Defense Properties Faces Risks: Analyst Sees Uncertainty In Leasing Process Amid Budget Cut Risks originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
