Analysts Set COPT Defense Properties (NYSE:CDP) Target Price at $33.43

COPT Defense Properties (NYSE:CDP - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to 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.

Separately, Jefferies Financial Group assumed coverage on COPT Defense Properties in a research note on Monday, March 17th. They set a "buy" rating and a $31.00 target price on the stock.

Institutional Investors Weigh In On COPT Defense Properties

A number of institutional investors have recently added to or reduced their stakes in CDP. Asset Management One Co. Ltd. lifted its holdings in shares of COPT Defense Properties by 1.4% in the first quarter. Asset Management One Co. Ltd. now owns 237,177 shares of the company's stock worth $6,468,000 after buying an additional 3,351 shares in the last quarter. Spirit of America Management Corp NY lifted its stake in COPT Defense Properties by 140.0% in the 1st quarter. Spirit of America Management Corp NY now owns 12,000 shares of the company's stock worth $327,000 after purchasing an additional 7,000 shares in the last quarter. Blue Trust Inc. lifted its stake in COPT Defense Properties by 7.9% in the 1st quarter. Blue Trust Inc. now owns 12,318 shares of the company's stock worth $336,000 after purchasing an additional 902 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of COPT Defense Properties by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 67,547 shares of the company's stock valued at $1,840,000 after purchasing an additional 821 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of COPT Defense Properties during the first quarter valued at about $810,000.

COPT Defense Properties Stock Up 0.6 %

CDP stock traded up $0.15 during trading on Monday, hitting $26.59. 904,595 shares of the stock traded hands, compared to its average volume of 917,641. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 21.62 and a beta of 0.92. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. COPT Defense Properties has a 1 year low of $22.53 and a 1 year high of $34.22. The firm's 50 day moving average is $26.62 and its two-hundred day moving average is $29.51.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. On average, sell-side analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were given a $0.305 dividend. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date was Monday, March 31st. COPT Defense Properties's dividend payout ratio is presently 99.19%.

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.