Truist raises price target for COPT Defense Properties to $30, reflecting undervalued stock

COPT Defense Properties (NYSE:CDP) is considered one of the most undervalued stocks. Truist recently raised their price target for CDP from $29 to $30, reflecting a refined valuation approach. The company boasts a 4.31% yield and has paid dividends for the past 34 years, showing a commitment to shareholder returns.

Analysts report that COPT Defense Properties (NYSE:CDP) is advancing three developments set to launch in 2025, with more projects planned for 2026 and 2027. The active portfolio is $308 million, with 62% pre-leased and 30% of costs already invested.

Occupancy at COPT Defense is expected to dip slightly to 91.9% by the end of 2025, with a low single-digit positive increase in GAAP rental spreads projected. The company focuses on the ownership, operation, and development of mission-critical real estate assets near US Government defense installations.

COPT Defense Properties (NYSE:CDP) is unlikely to engage in mergers, acquisitions, or property disposals in 2025. Analysts are factoring in a $400 million unsecured note issuance for the fourth quarter. The company is a self-managed REIT specializing in mission-critical real estate assets near US Government defense installations.

Read more at Yahoo Finance: Truist Lifts COPT Defense Properties (CDP) PT to $30