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COPT Defense Properties (CDP)

Real Estate | REIT - Office | Columbia, United States | NYSE
36.95 USD +0.40 (1.095%) ⇧ (July 15, 2026, 2:07 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★★☆☆Dividends:★★⯪☆☆
Hot Take ↕ | July 11, 2026, 3:43 a.m. EDT

The most compelling signal here is the divergence between the company's resilient fundamentals and the market's hesitation to assign a higher valuation. Despite a 9-year cumulative decline and a recent multi-year stagnation where the stock has barely moved, the business generates strong free cash flow, maintains healthy operating margins, and offers a unique defensive niche. The 3.43% dividend yield is attractive but sits at the threshold of sustainability given the high payout ratio of 90%, meaning any earnings miss could threaten the payout. Crucially, the options market is screaming 'bullish,' with heavy call buying at strikes far out-of-the-money, suggesting smart money sees a catalyst or a mean-reversion opportunity that the current price action hasn't yet delivered. While the statistical forecast models are currently weak and leaning slightly negative due to recent noise, the fundamental thesis of a cash-flowing REIT with a unique tenant base supports a 'hold' or cautious 'buy' stance, waiting for the options-heavy sentiment to translate into actual price appreciation.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL_126 ✓0.041273
AutoTheta0.042044
AutoARIMA0.042537
AutoETS0.042537
MSTL0.043069
MSTL_55_1260.053368
MSTL_550.054321

Forecast horizon: 60 days | Selected: MSTL_126

Forecast Reliability
Score 45%
H-stat 6.00
Ljung-Box p 0.000
Jarque-Bera p 0.008
Excess Kurtosis -0.22
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-06-29
Last Dividend Date 2026-06-29
Debt to Equity Ratio 162.805
Revenue per Share 6.931
Market Cap 4,267,388,160
Trailing P/E 26.97
Forward P/E 26.39
Beta 0.79
Profit Margins 20.00%
Previous Name Corporate Office Properties Trust
Website https://www.copt.com

As of July 11, 2026, 3:43 a.m. EDT: Options activity shows a distinct bullish skew in expiration profiles. Call volume and open interest are heavily concentrated at strikes significantly above the current price (e.g., the $45 strike in September expirations), while put activity remains negligible and sparse. This positioning suggests speculators are betting on a significant upside move rather than downside protection.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.88% 4.07% 4.31% 4.32%
Dividend History
Date Dividend Yield %
2026-06-30 0.320 0.879362
2026-03-31 0.320 1.045752
2025-12-31 0.305 1.097122
2025-09-30 0.305 1.049553
2025-06-30 0.305 1.105874
2025-03-31 0.305 1.118445
2024-12-31 0.295 0.953150
2024-09-30 0.295 0.972634
2024-06-28 0.295 1.178586
2024-03-27 0.295 1.226611
2023-12-28 0.285 1.105508
2023-09-28 0.285 1.199495
2023-06-29 0.285 1.198990
2023-03-30 0.285 1.233232
2022-12-29 0.275 1.058914
2022-09-29 0.275 1.199825
2022-06-29 0.275 1.043643
2022-03-30 0.275 0.947949
2021-12-31 0.275 0.983196
2021-09-29 0.275 0.996738
2021-06-29 0.275 1.009916
2021-03-30 0.275 1.034223
2020-12-30 0.275 1.070872
2020-09-29 0.275 1.173208
2020-06-29 0.275 1.092137
2020-03-30 0.275 1.227131
2019-12-30 0.275 0.935692
2019-09-27 0.275 0.927800
2019-06-27 0.275 1.038912
2019-03-28 0.275 0.992780
2018-12-28 0.275 1.312023
2018-09-27 0.275 0.951557
2018-06-28 0.275 0.953206
2018-03-28 0.275 1.065892
2017-12-28 0.275 0.938246
2017-09-28 0.275 0.833333
2017-06-28 0.275 0.780142
2017-03-29 0.275 0.840979
2016-12-28 0.275 0.901639
2016-09-28 0.275 0.954861
2016-06-28 0.275 0.950570
2016-03-29 0.275 1.046423
2015-12-29 0.275 1.243781
2015-09-28 0.275 1.310772
2015-06-26 0.275 1.131687
2015-03-27 0.275 0.956522
2014-12-29 0.275 0.964912
2014-09-26 0.275 1.049218
2014-06-26 0.275 0.992780
2014-03-27 0.275 1.048818
2013-12-27 0.275 1.140606
2013-09-26 0.275 1.148705
2013-06-26 0.275 1.103531
2013-03-26 0.275 1.040091
2012-12-27 0.275 1.119251
2012-09-26 0.275 1.148705
2012-06-27 0.275 1.244907
2012-03-28 0.275 1.206670
2011-12-28 0.413 1.952719
2011-09-28 0.413 1.885845
2011-06-28 0.413 1.341345
2011-03-29 0.413 1.182026
2010-12-29 0.413 1.167656
2010-09-28 0.413 1.098404
2010-06-28 0.393 1.016292
2010-03-29 0.393 0.957836
2009-12-29 0.393 1.059299
2009-09-28 0.393 1.061015
2009-06-26 0.373 1.276086
2009-03-27 0.373 1.528689
2008-12-29 0.373 1.424752
2008-09-26 0.373 0.913320
2008-06-26 0.340 0.998825
2008-03-27 0.340 1.018879
2007-12-27 0.340 1.078338
2007-09-26 0.340 0.821852
2007-06-27 0.310 0.737920
2007-03-28 0.310 0.682669
2006-12-27 0.310 0.620000
2006-09-27 0.310 0.691193
2006-06-28 0.280 0.700175
2006-03-29 0.280 0.614439
2005-12-28 0.280 0.790068
2005-09-28 0.280 0.835073
2005-06-28 0.255 0.868529
2005-03-29 0.255 0.984176
2004-12-29 0.255 0.891920
2004-09-28 0.255 1.013111
2004-06-28 0.235 0.946436
2004-03-29 0.235 0.959575
2003-12-29 0.235 1.093023
2003-09-26 0.235 1.289791
2003-06-26 0.220 1.323706
2003-03-27 0.220 1.502732
2002-12-27 0.220 1.597676
2002-09-26 0.220 1.582734
2002-06-26 0.210 1.478873
2002-03-26 0.210 1.615385
2001-12-27 0.210 1.680000
2001-09-26 0.210 1.944444
2001-06-27 0.200 2.004008
2001-03-28 0.200 2.127660
2000-12-27 0.200 2.038217
2000-09-27 0.200 2.077922
2000-06-28 0.190 2.111111
2000-03-29 0.190 2.375000
1999-12-29 0.190 2.533333
1999-09-28 0.190 2.576271
1999-06-28 0.180 2.215385
1999-03-29 0.180 2.742857
1998-12-29 0.180 2.400000
1998-09-16 0.180 2.322581
1998-06-26 0.150 1.739130
1998-03-27 0.150 1.142857
1997-12-29 0.125 1.265823
1997-09-26 0.125 1.724138
1997-06-26 0.125 2.222222
1997-03-26 0.125 2.702703
1996-12-26 0.125 2.631579
1996-09-26 0.125 2.564103
1996-06-27 0.125 2.380952
1996-03-27 0.212 4.038095
1995-12-27 0.212 4.463158
1995-09-27 0.212 3.854545
1995-06-28 0.125 2.500000
1995-03-27 0.125 2.083333
1994-12-23 0.213 2.793443
1994-09-28 0.213 2.505882
1994-07-01 0.213 2.434286
1994-04-04 0.213 2.078049
1993-12-27 0.213 2.130000
1993-09-24 0.213 2.078049
1993-05-28 0.225 2.250000
1993-03-25 0.225 2.250000
1992-12-24 0.225 2.368421
1992-09-24 0.225 2.307692
1992-06-30 0.225 2.368421
1992-03-25 0.225 2.400000
Additional Data
dividendRate 1.25
dividendYield 3.42
exDividendDate 2026-06-30
trailingAnnualDividendRate 1.235
trailingAnnualDividendYield 0.03378933
lastDividendValue 0.32
lastDividendDate 2026-06-30
dividendDate 2026-07-15

Info Dump

Attribute Value
52 Week Change 0.30210185
Address1 6,711 Columbia Gateway Drive
Address2 Suite 300
All Time High 56.45
All Time Low 4.5
Ask 36.98
Ask Size 300
Audit Risk 1
Average Analyst Rating 1.8 - Buy
Average Daily Volume10 Day 968,580
Average Daily Volume3 Month 1,045,639
Average Volume 1,045,639
Average Volume10Days 968,580
Beta 0.786
Bid 36.96
Bid Size 400
Board Risk 1
Book Value 13.421
City Columbia
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 36.95
Current Ratio 1.975
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 37.16
Day Low 36.7
Debt To Equity 162.805
Dividend Date 1,784,073,600
Dividend Rate 1.25
Dividend Yield 3.42
Earnings Call Timestamp End 1,785,268,800
Earnings Call Timestamp Start 1,785,268,800
Earnings Growth 0.097
Earnings Quarterly Growth 0.11
Earnings Timestamp 1,785,182,400
Earnings Timestamp End 1,785,182,400
Earnings Timestamp Start 1,785,182,400
Ebitda 404,828,000
Ebitda Margins 0.51865
Enterprise To Ebitda 16.711
Enterprise To Revenue 8.667
Enterprise Value 6,764,969,984
Eps Forward 1.4
Eps Trailing Twelve Months 1.37
Esg Populated 0
Ex Dividend Date 1,782,777,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 443 285 7650
Fifty Day Average 33.5632
Fifty Day Average Change 3.3867989
Fifty Day Average Change Percent 0.1009081
Fifty Two Week Change Percent 30.210186
Fifty Two Week High 38.06
Fifty Two Week High Change -1.1100006
Fifty Two Week High Change Percent -0.029164491
Fifty Two Week Low 26.91
Fifty Two Week Low Change 10.040001
Fifty Two Week Low Change Percent 0.37309554
Fifty Two Week Range 26.91 - 38.06
Financial Currency USD
First Trade Date Milliseconds 694,189,800,000
Five Year Avg Dividend Yield 4.24
Float Shares 112,062,529
Forward Eps 1.4
Forward P E 26.392859
Free Cashflow 285,613,632
Full Exchange Name NYSE
Full Time Employees 430
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.57833
Gross Profits 451,414,016
Has Pre Post Market Data 1
Held Percent Insiders 0.0024899999
Held Percent Institutions 1.17933
Implied Shares Outstanding 115,490,883
Industry REIT - Office
Industry Disp REIT - Office
Industry Key reit-office
Ir Website http://phx.corporate-ir.net/phoenix.zhtml?c=71654&p=irol-IRHome
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,782,777,600
Last Dividend Value 0.32
Last Fiscal Year End 1,767,139,200
Long Business Summary COPT Defense Properties, 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 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, 2026, the Company's Defense/IT Portfolio of 201 properties, including 24 owned through unconsolidated joint ventures, encompassed 23.2 million square feet and was 96.4% leased. COPT Defense Properties was incorporated in 1988 and is based in Columbia, United States.
Long Name COPT Defense Properties
Market us_market
Market Cap 4,267,388,160
Market State REGULAR
Max Age 86,400
Message Board Id finmb_344249
Most Recent Quarter 1,774,915,200
Name Change Date 2,026-07-15
Net Income To Common 155,532,992
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 4,143,925,073
Number Of Analyst Opinions 8
Open 36.67
Operating Cashflow 334,271,008
Operating Margins 0.29559
Overall Risk 1
Payout Ratio 0.9015
Peg Ratio 1.02
Phone 443 285 5400
Prev Name Corporate Office Properties Trust
Previous Close 36.55
Price Hint 2
Price To Book 2.7531483
Price To Sales Trailing12 Months 5.4671903
Profit Margins 0.20003
Quick Ratio 1.636
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 1.75
Region US
Regular Market Change 0.40000153
Regular Market Change Percent 1.094695
Regular Market Day High 37.16
Regular Market Day Low 36.7
Regular Market Day Range 36.7 - 37.16
Regular Market Open 36.67
Regular Market Previous Close 36.55
Regular Market Price 36.95
Regular Market Time 1,784,138,848
Regular Market Volume 472,178
Return On Assets 0.03415
Return On Equity 0.10366
Revenue Growth 0.073
Revenue Per Share 6.931
Sand P52 Week Change 0.2043345
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 4
Shares Outstanding 113,376,883
Shares Percent Shares Out 0.0622
Shares Short 7,054,452
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 5,542,731
Short Name COPT Defense Properties
Short Percent Of Float 0.0846
Short Ratio 5.57
Source Interval 15
State MD
Symbol CDP
Target High Price 41.0
Target Low Price 34.0
Target Mean Price 36.25
Target Median Price 36.0
Total Cash 28,650,000
Total Cash Per Share 0.254
Total Debt 2,591,478,016
Total Revenue 780,545,024
Tradeable 0
Trailing Annual Dividend Rate 1.235
Trailing Annual Dividend Yield 0.03378933
Trailing Eps 1.37
Trailing P E 26.970804
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 31.033
Two Hundred Day Average Change 5.917
Two Hundred Day Average Change Percent 0.19066799
Type Disp Equity
Volume 472,178
Website https://www.copt.com
Zip 21,046-2383