COPT Defense Properties (NYSE:CDP) Given New $31.00 Price Target at Truist Financial

COPT Defense Properties (NYSE:CDP - Get Free Report) had its price objective boosted by investment analysts at Truist Financial from $27.00 to $31.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price objective points to a potential upside of 3.92% from the stock's previous close.

Several other brokerages have also recently commented on CDP. Evercore ISI boosted their target price on shares of COPT Defense Properties from $28.00 to $33.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. Wedbush lifted their price objective on shares of COPT Defense Properties from $28.00 to $33.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $29.00.

COPT Defense Properties Price Performance

COPT Defense Properties stock traded up $0.35 during mid-day trading on Thursday, reaching $29.83. 846,085 shares of the company were exchanged, compared to its average volume of 834,274. The firm has a market cap of $3.36 billion, a PE ratio of -27.62, a PEG ratio of 2.72 and a beta of 0.98. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.17 and a quick ratio of 3.17. The company has a fifty day simple moving average of $27.25 and a 200-day simple moving average of $25.17. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $29.91.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its earnings results on Monday, July 29th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.33). The company had revenue of $187.34 million for the quarter, compared to analyst estimates of $166.11 million. COPT Defense Properties had a negative return on equity of 7.52% and a negative net margin of 15.75%. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share. As a group, equities research analysts expect that COPT Defense Properties will post 2.56 earnings per share for the current fiscal year.

Institutional Trading of COPT Defense Properties

Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in shares of COPT Defense Properties during the first quarter valued at about $2,498,000. Swiss National Bank acquired a new stake in COPT Defense Properties during the 1st quarter worth approximately $5,361,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in COPT Defense Properties during the 1st quarter worth approximately $3,081,000. Leeward Investments LLC MA acquired a new position in COPT Defense Properties in the 1st quarter valued at approximately $13,350,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in COPT Defense Properties in the 1st quarter valued at approximately $13,958,000.

About COPT Defense Properties

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.