COPT Defense Properties (NYSE:CDP) Given Consensus Recommendation of "Moderate Buy" by Brokerages

COPT Defense Properties (NYSE:CDP - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $32.00.

Several equities research analysts have issued reports on CDP shares. BTIG Research raised their price target on COPT Defense Properties from $33.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Truist Financial upped 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 note on Wednesday, December 4th. JPMorgan Chase & Co. raised their price objective on shares of COPT Defense Properties from $26.00 to $31.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 4th. Evercore ISI upped their target price on COPT Defense Properties from $33.00 to $36.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their target price on COPT Defense Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 11th.

COPT Defense Properties Stock Performance

Shares of CDP traded down $0.24 during midday trading on Tuesday, reaching $32.14. The stock had a trading volume of 967,987 shares, compared to its average volume of 889,925. The firm has a market cap of $3.62 billion, a PE ratio of 26.34 and a beta of 0.98. The firm has a 50 day simple moving average of $32.00 and a 200-day simple moving average of $29.25. COPT Defense Properties has a one year low of $22.20 and a one year 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.

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 the consensus estimate of $0.64 by ($0.32). COPT Defense Properties had a net margin of 18.34% and a return on equity of 8.99%. The business had revenue of $189.23 million during the quarter, compared to the consensus estimate of $167.37 million. During the same quarter in the prior year, the company earned $0.60 EPS. COPT Defense Properties's quarterly revenue was up 12.3% on a year-over-year basis. As a group, sell-side analysts anticipate that COPT Defense Properties will post 2.58 EPS for the current year.

COPT Defense Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.295 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.67%. COPT Defense Properties's payout ratio is 96.72%.

Institutional Trading of COPT Defense Properties

A number of institutional investors and hedge funds have recently made changes to their positions in CDP. Spirit of America Management Corp NY acquired a new position in COPT Defense Properties during the 2nd quarter worth approximately $50,000. Quarry LP lifted its stake in shares of COPT Defense Properties by 711.4% in the 2nd quarter. Quarry LP now owns 3,481 shares of the company's stock valued at $87,000 after acquiring an additional 3,052 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of COPT Defense Properties during the 3rd quarter valued at $91,000. KBC Group NV grew its position in 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 acquiring an additional 840 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in COPT Defense Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,372 shares of the company's stock worth $134,000 after purchasing an additional 1,130 shares in the last quarter.

COPT Defense Properties Company Profile

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.