COPT Defense Properties (NYSE:CDP) shares, rose in value on Friday, January 24, with the stock price up by 0.71% to the previous day’s close as strong demand from buyers drove the stock to $29.82.
Actively observing the price movement in the last trading, the stock closed the session at $29.61, falling within a range of $29.41 and $29.88. The value of beta (5-year monthly) was 1.005 whereas the PE ratio was 24.55 over 12-month period. Referring to stock’s 52-week performance, its high was $34.22, and the low was $22.20. On the whole, CDP has fluctuated by -4.15% over the past month.
With the market capitalization of COPT Defense Properties currently standing at about $6.72 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.18, with its dividend yield at 3.96%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 741.05M, with a low estimate of 173.5M and a high estimate of 192.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 187.1M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CDP’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of CDP currently trading nearly -1.21% and -4.27% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.83, while the 7-day volatility ratio is showing 1.63% which for the 30-day chart, stands at 1.72%. Furthermore, COPT Defense Properties (CDP)’s beta value is 1.00, and its average true range (ATR) is 0.59.
A comparison of COPT Defense Properties (CDP) with its peers suggests the former has fared considerably weaker in the market. CDP showed an intraday change of 0.71% in last session, and over the past year, it grew by 20.68%%.
Data on historical trading for COPT Defense Properties (NYSE:CDP) indicates that the trading volumes over the past 10 days have averaged 0.76 and over the past 3 months, they’ve averaged 1.01 million. According to company’s latest data on outstanding shares, there are 112.69 million shares outstanding.
Nearly 0.40% of COPT Defense Properties’s shares belong to company insiders and institutional investors own 105.69% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.21 million shares as on 2024-12-31, resulting in a short ratio of 5.23. According to the data, the short interest in COPT Defense Properties (CDP) stood at 671.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 5.83 million. The stock has fallen by -3.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CDP stock heading into the next quarter.
