Analysts Set COPT Defense Properties (NYSE:CDP) Price Target at $32.88

Shares of COPT Defense Properties (NYSE:CDP - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $32.88.

A number of equities research analysts have commented on the company. Jefferies Financial Group reduced their price objective on COPT Defense Properties from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Truist Financial lifted their price target 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. Evercore ISI upped their price objective on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, BTIG Research raised their price objective on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th.

COPT Defense Properties Stock Down 1.8 %

NYSE CDP traded down $0.53 on Friday, hitting $29.24. 933,284 shares of the company were exchanged, compared to its average volume of 599,714. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The company has a market cap of $3.30 billion, a PE ratio of 23.97 and a beta of 0.99. The stock has a fifty day moving average of $31.54 and a 200-day moving average of $30.00.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.32). COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. The company had revenue of $189.23 million for the quarter, compared to the consensus estimate of $167.37 million. During the same period last year, the company earned $0.60 EPS. COPT Defense Properties's revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, analysts forecast that COPT Defense Properties will post 2.58 earnings per share for the current year.

COPT Defense Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.295 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.18 annualized dividend and a dividend yield of 4.04%. COPT Defense Properties's payout ratio is 96.72%.

Hedge Funds Weigh In On COPT Defense Properties

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its position 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 valued at $43,000 after acquiring an additional 614 shares during the last quarter. Quarry LP increased its position in shares of COPT Defense Properties by 711.4% during the 2nd quarter. Quarry LP now owns 3,481 shares of the company's stock valued at $87,000 after purchasing an additional 3,052 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of COPT Defense Properties during the 3rd quarter valued at $91,000. KBC Group NV raised its stake in shares of COPT Defense Properties by 28.3% during the 3rd quarter. KBC Group NV now owns 3,810 shares of the company's stock worth $116,000 after purchasing an additional 840 shares during the period. Finally, Spirit of America Management Corp NY boosted its holdings in shares of COPT Defense Properties by 100.0% in the 3rd 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 last quarter.

COPT Defense Properties Company Profile

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.