COPT Defense Properties price target raised to $37 from $33 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on COPT Defense Properties (CDP) to $37 from $33 and keeps an Overweight rating on the shares. COPT Defense reported strong results, with full-year FFO of $2.72/share slightly above prior guidance and 2026 guidance modestly exceeding consensus, the analyst tells investors in a research note. Strong leasing activity, particularly in Huntsville’s defense-focused market, is driving visible demand for its secured office portfolio, supported by a rising defense budget, though FFO growth is tempered by the development-heavy business model, Cantor says.