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

Shares of COPT Defense Properties (NYSE:CDP - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $32.88.

A number of analysts have recently weighed in on the company. Jefferies Financial Group cut their price objective on 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. Truist Financial increased their target price on COPT Defense Properties from $31.00 to $33.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. BTIG Research increased their target price on COPT Defense Properties from $33.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, Evercore ISI increased their target price on COPT Defense Properties from $33.00 to $36.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th.

Hedge Funds Weigh In On COPT Defense Properties

Several hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of COPT Defense Properties by 77.8% during the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock worth $43,000 after buying an additional 614 shares during the period. USA Financial Formulas acquired a new stake in shares of COPT Defense Properties during the fourth quarter worth about $90,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of COPT Defense Properties during the third quarter worth about $91,000. KBC Group NV boosted its stake in shares of COPT Defense Properties by 28.3% during the third quarter. KBC Group NV now owns 3,810 shares of the company's stock worth $116,000 after buying an additional 840 shares during the period. Finally, Spirit of America Management Corp NY boosted its stake in shares of COPT Defense Properties by 100.0% during the third quarter. Spirit of America Management Corp NY now owns 4,000 shares of the company's stock worth $121,000 after buying an additional 2,000 shares during the period.

COPT Defense Properties Stock Down 0.7 %

Shares of COPT Defense Properties stock traded down $0.21 during trading hours on Wednesday, reaching $29.53. 1,749,600 shares of the company were exchanged, compared to its average volume of 857,079. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $34.22. The stock's fifty day moving average is $30.67 and its 200 day moving average is $30.49. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.38. The firm has a market cap of $3.33 billion, a PE ratio of 24.00 and a beta of 0.98.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.08% and a net margin of 18.44%. As a group, equities research analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 4.00%. The ex-dividend date was Tuesday, December 31st. COPT Defense Properties's payout ratio is 95.93%.

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.