COPT Defense Properties (NYSE:CDP) Shares Up 0.9% - Should You Buy?

COPT Defense Properties (NYSE:CDP - Get Free Report)'s share price rose 0.9% during trading on Wednesday . The stock traded as high as $32.93 and last traded at $32.77. Approximately 197,801 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 884,142 shares. The stock had previously closed at $32.49.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wells Fargo & Company cut their price objective on shares of COPT Defense Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday, September 11th. Evercore ISI boosted their price target on shares of COPT Defense Properties from $33.00 to $36.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Truist Financial raised their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. BTIG Research boosted their target price on COPT Defense Properties from $33.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. upped their target price on COPT Defense Properties from $26.00 to $31.00 and gave the company a "neutral" rating in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $32.00.

COPT Defense Properties Trading Up 0.0 %

The company has a 50 day simple moving average of $31.87 and a 200 day simple moving average of $28.96. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $3.66 billion, a PE ratio of 26.86 and a beta of 0.98.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.32). The company had revenue of $189.23 million for the quarter, compared to analysts' expectations of $167.37 million. COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. COPT Defense Properties's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. Analysts predict that COPT Defense Properties will post 2.58 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.295 dividend. 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 3.63%. COPT Defense Properties's payout ratio is currently 96.72%.

Hedge Funds Weigh In On COPT Defense Properties

A number of large investors have recently modified their holdings of the business. Spirit of America Management Corp NY acquired a new position in COPT Defense Properties during the second quarter worth $50,000. Quarry LP grew its stake in shares of COPT Defense Properties by 711.4% during the 2nd quarter. Quarry LP now owns 3,481 shares of the company's stock worth $87,000 after purchasing an additional 3,052 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of COPT Defense Properties during the 3rd quarter worth $91,000. KBC Group NV increased its holdings in shares of COPT Defense Properties by 28.3% in the 3rd quarter. KBC Group NV now owns 3,810 shares of the company's stock valued at $116,000 after purchasing an additional 840 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of COPT Defense Properties by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,372 shares of the company's stock valued at $134,000 after purchasing an additional 1,130 shares during the period.

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.

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