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

COPT Defense Properties (NYSE:CDP - Get Free Report) has been given an average rating of "Moderate Buy" by the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $33.43.

Several analysts have weighed in on the company. Truist Financial lifted their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Jefferies Financial Group initiated coverage on COPT Defense Properties in a research report on Monday, March 17th. They set a "buy" rating and a $31.00 price objective for the company.

COPT Defense Properties Trading Up 0.7 %

Shares of CDP stock traded up $0.20 during trading hours on Thursday, reaching $27.28. The company's stock had a trading volume of 861,979 shares, compared to its average volume of 906,673. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a one year low of $22.20 and a one year high of $34.22. The stock has a market capitalization of $3.07 billion, a P/E ratio of 22.18 and a beta of 0.96. The firm's fifty day simple moving average is $27.84 and its 200 day simple moving average is $30.09.

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COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. Equities research analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Monday, March 31st. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio is currently 99.19%.

Hedge Funds Weigh In On COPT Defense Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans lifted its holdings in shares of COPT Defense Properties by 32.5% during the third quarter. Thrivent Financial for Lutherans now owns 55,516 shares of the company's stock valued at $1,684,000 after purchasing an additional 13,606 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of COPT Defense Properties by 82.3% during the third quarter. Intech Investment Management LLC now owns 38,874 shares of the company's stock valued at $1,179,000 after purchasing an additional 17,553 shares during the last quarter. FMR LLC lifted its position in COPT Defense Properties by 1.8% during the third quarter. FMR LLC now owns 2,763,277 shares of the company's stock valued at $83,810,000 after purchasing an additional 49,300 shares during the period. Nordea Investment Management AB raised its stake in COPT Defense Properties by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 376,938 shares of the company's stock valued at $11,666,000 after buying an additional 18,278 shares during the last quarter. Finally, KBC Group NV raised its stake in COPT Defense Properties by 33.4% during the 4th quarter. KBC Group NV now owns 5,081 shares of the company's stock valued at $157,000 after buying an additional 1,271 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.