COPT Defense Properties (NYSE:CDP) Given New $35.00 Price Target at Jefferies Financial Group

COPT Defense Properties (NYSE:CDP - Free Report) had its target price reduced by Jefferies Financial Group from $37.00 to $35.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

CDP has been the subject of several other research reports. Evercore ISI increased their price target on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Truist Financial raised their target price on COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. BTIG Research upped their price target on COPT Defense Properties from $33.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Wells Fargo & Company cut their price objective on COPT Defense Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. increased their target price 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $32.88.

COPT Defense Properties Stock Down 0.2 %

Shares of NYSE:CDP traded down $0.07 on Thursday, reaching $30.88. The company had a trading volume of 469,597 shares, compared to its average volume of 886,256. The stock has a market capitalization of $3.48 billion, a P/E ratio of 25.31 and a beta of 0.98. The stock has a 50-day moving average price of $31.86 and a 200 day moving average price of $29.74. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.56.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings results 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 analyst estimates of $167.37 million. During the same period in the prior year, the business posted $0.60 earnings per share. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts expect that COPT Defense Properties will post 2.58 EPS for the current year.

COPT Defense Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.18 annualized dividend and a dividend yield of 3.82%. COPT Defense Properties's payout ratio is currently 96.72%.

Hedge Funds Weigh In On COPT Defense Properties

Several institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC lifted its stake in COPT Defense Properties by 1.4% in the 3rd quarter. CWM LLC now owns 35,098 shares of the company's stock valued at $1,065,000 after purchasing an additional 475 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of COPT Defense Properties by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 31,508 shares of the company's stock worth $789,000 after acquiring an additional 578 shares during the period. Carmel Capital Partners LLC increased its holdings in shares of COPT Defense Properties by 3.5% during the 3rd quarter. Carmel Capital Partners LLC now owns 17,300 shares of the company's stock worth $525,000 after acquiring an additional 584 shares during the last quarter. M&T Bank Corp raised its stake in COPT Defense Properties by 3.4% in the 3rd quarter. M&T Bank Corp now owns 21,226 shares of the company's stock valued at $644,000 after acquiring an additional 701 shares during the period. Finally, Presima Securities ULC lifted its stake in shares of COPT Defense Properties by 1.3% during the 3rd quarter. Presima Securities ULC now owns 60,410 shares of the company's stock worth $1,832,000 after buying an additional 800 shares during 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.