COPT Defense Properties (NYSE:CDP) Receives Average Rating of "Moderate Buy" from Analysts

Shares of COPT Defense Properties (NYSE:CDP - Get Free Report) have earned an average rating of "Moderate Buy" from the eight research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $32.88.

Several brokerages have recently weighed in on CDP. Jefferies Financial Group reduced their price target on COPT Defense Properties from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. BTIG Research increased their price objective on COPT Defense Properties from $33.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Finally, Truist Financial increased their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th.

Institutional Investors Weigh In On COPT Defense Properties

Institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. boosted its holdings in COPT Defense Properties by 813.0% in the 4th quarter. Alliancebernstein L.P. now owns 6,247,854 shares of the company's stock worth $193,371,000 after buying an additional 5,563,548 shares during the last quarter. Norges Bank acquired a new stake in COPT Defense Properties in the 4th quarter worth about $45,718,000. Cbre Investment Management Listed Real Assets LLC boosted its holdings in COPT Defense Properties by 192.9% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,158,207 shares of the company's stock worth $35,847,000 after buying an additional 762,840 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in COPT Defense Properties by 61.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company's stock worth $59,001,000 after buying an additional 723,486 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in COPT Defense Properties by 35.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company's stock worth $81,689,000 after buying an additional 710,491 shares during the last quarter.

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COPT Defense Properties Price Performance

Shares of NYSE:CDP traded up $0.18 during mid-day trading on Friday, reaching $27.02. The stock had a trading volume of 880,672 shares, compared to its average volume of 849,259. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $34.22. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The business's 50 day moving average price is $28.95 and its 200 day moving average price is $30.35. The company has a market cap of $3.04 billion, a P/E ratio of 21.97 and a beta of 0.96.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. Research analysts expect that COPT Defense Properties will post 2.67 EPS for the current fiscal 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 given a dividend of $0.305 per share. The ex-dividend date is Monday, March 31st. This is a boost from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.52%. COPT Defense Properties's dividend payout ratio (DPR) is 99.19%.

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.