COPT Defense Properties (NYSE:CDP) Price Target Increased to $33.00 by Analysts at Wells Fargo & Company

COPT Defense Properties (NYSE:CDP - Get Free Report) had its target price raised by equities researchers at Wells Fargo & Company from $31.00 to $33.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's price target would indicate a potential upside of 10.78% from the stock's current price.

CDP has been the subject of a number of other research reports. Evercore ISI boosted their target price on COPT Defense Properties from $28.00 to $33.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Truist Financial boosted their price target on COPT Defense Properties from $27.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday. Finally, Wedbush boosted their price target on 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, COPT Defense Properties presently has a consensus rating of "Moderate Buy" and an average target price of $29.50.

COPT Defense Properties Stock Performance

NYSE:CDP traded down $0.04 during mid-day trading on Friday, reaching $29.79. The company's stock had a trading volume of 797,459 shares, compared to its average volume of 834,282. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $30.05. The firm's fifty day moving average price is $27.36 and its two-hundred day moving average price is $25.20. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 1.56. The stock has a market cap of $3.36 billion, a P/E ratio of -27.58, a PEG ratio of 2.72 and a beta of 0.98.

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

Institutional Inflows and Outflows

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

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.