COPT Defense Reports Strong Third Quarter 2024 Results

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Go back to COPT Defense Reports Strong Third Quarter 2024 Results

BTIG Reiterates Buy Rating on COPT Defense Properties (CDP)

October 29, 2024 5:46 AM EDT

BTIG analyst Tom Catherwood reiterated a Buy rating and $33.00 price target on COPT Defense Properties (NYSE: CDP).

The analyst comments "COPT reported 3Q24 recurring FFO/sh of $0.65, $0.01 above our estimate and the Street, and raised the midpoint of FY guidance by $0.01 to $2.57. As we evaluate REIT earnings we typically divide results into three categories: (1) what did we expect, (2) what were we looking for, and... More