Wells Fargo Reaffirms Their Buy Rating on COPT Defense Properties (CDP)

Wells Fargo analyst Blaine Heck maintained a Buy rating on COPT Defense Properties today and set a price target of $30.00. The company’s shares closed yesterday at $27.84.

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According to TipRanks, Heck is a 2-star analyst with an average return of 0.0% and a 53.33% success rate. Heck covers the Real Estate sector, focusing on stocks such as Cousins Properties, Eastgroup Properties, and Stag Industrial.

In addition to Wells Fargo, COPT Defense Properties also received a Buy from Jefferies’s Peter Abramowitz in a report issued on October 13. However, on October 9, TR | OpenAI – 4o downgraded COPT Defense Properties (NYSE: CDP) to a Hold.

Based on COPT Defense Properties’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $189.92 million and a net profit of $38.35 million. In comparison, last year the company earned a revenue of $187.34 million and had a net profit of $35.11 million

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CDP in relation to earlier this year. Last month, Lisa G Trimberger, a Director at CDP sold 7,896.00 shares for a total of $241,965.12.