COPT Defense Properties (NYSE:CDP) Hits New 12-Month Low - Time to Sell?

COPT Defense Properties (NYSE:CDP - Get Free Report)'s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $20.50 and last traded at $25.42, with a volume of 400 shares. The stock had previously closed at $26.13.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group assumed coverage on COPT Defense Properties in a report on Monday, March 17th. They issued a "buy" rating and a $31.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, COPT Defense Properties presently has a consensus rating of "Moderate Buy" and an average target price of $33.43.

COPT Defense Properties Stock Up 1.5 %

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 firm's 50 day moving average price is $26.98 and its two-hundred day moving average price is $29.73. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 20.80 and a beta of 0.92.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

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COPT Defense Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.305 per share. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. The ex-dividend date is Monday, March 31st. This represents a $1.22 annualized dividend and a yield of 4.77%. COPT Defense Properties's dividend payout ratio (DPR) is currently 99.19%.

Hedge Funds Weigh In On COPT Defense Properties

Several institutional investors and 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 worth $43,000 after buying an additional 614 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of COPT Defense Properties in the fourth quarter valued at approximately $63,000. FIL Ltd grew its position in shares of COPT Defense Properties by 17.8% in the fourth quarter. FIL Ltd now owns 2,591 shares of the company's stock valued at $80,000 after purchasing an additional 391 shares during the last quarter. USA Financial Formulas bought a new position in shares of COPT Defense Properties during the fourth quarter worth approximately $90,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in COPT Defense Properties during the 3rd quarter worth approximately $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.