COPT Defense Properties (NYSE:CDP) Receives $32.88 Consensus Target Price from Brokerages

COPT Defense Properties (NYSE:CDP) has received an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $32.88.

Several research analysts recently commented on CDP shares. BTIG Research lifted their target price on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Jefferies Financial Group reduced their price objective on shares of COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Finally, Truist Financial boosted their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th.

COPT Defense Properties Stock Down 1.2 %

Shares of NYSE CDP opened at $26.68 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $34.22. The firm’s fifty day moving average is $28.85 and its 200 day moving average is $30.33. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 21.69 and a beta of 0.96.

COPT Defense Properties (NYSE:CDP) last issued its earnings results on Thursday, February 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. On average, equities research analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.30. COPT Defense Properties’s payout ratio is 99.19%.

Institutional Trading of COPT Defense Properties

A number of hedge funds have recently modified their holdings of CDP. GAMMA Investing LLC boosted its holdings in shares of COPT Defense Properties by 77.8% during the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock valued at $43,000 after buying an additional 614 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of COPT Defense Properties during the 4th quarter valued at $63,000. FIL Ltd boosted its holdings in shares of COPT Defense Properties by 17.8% during the 4th quarter. FIL Ltd now owns 2,591 shares of the company’s stock valued at $80,000 after buying an additional 391 shares in the last quarter. USA Financial Formulas bought a new stake in shares of COPT Defense Properties during the 4th quarter valued at $90,000. Finally, Wilmington Savings Fund Society FSB bought a new position in COPT Defense Properties in the 3rd quarter worth about $91,000.

About COPT Defense Properties

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.