COPT Defense Properties (NYSE:CDP) Stock Price Expected to Rise, Evercore ISI Analyst Says

COPT Defense Properties (NYSE:CDP - Get Free Report) had its target price lifted by equities researchers at Evercore ISI from $33.00 to $36.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Evercore ISI's price target points to a potential upside of 10.09% from the company's previous close.

Other equities analysts have also issued reports about the stock. Wedbush upped their target price on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Wells Fargo & Company reduced their price objective on COPT Defense Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a research report on Wednesday, September 11th. Truist Financial boosted their target price on COPT Defense Properties from $27.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of COPT Defense Properties from $26.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $30.38.

COPT Defense Properties Trading Up 0.6 %

NYSE:CDP traded up $0.20 on Wednesday, reaching $32.70. The company's stock had a trading volume of 641,207 shares, compared to its average volume of 836,693. COPT Defense Properties has a 1-year low of $22.20 and a 1-year high of $33.05. The business's 50-day moving average price is $30.54 and its two-hundred day moving average price is $27.25. The firm has a market cap of $3.68 billion, a PE ratio of 26.86 and a beta of 0.99. The company has a debt-to-equity ratio of 1.56, a quick ratio of 3.17 and a current ratio of 3.17.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.32). The business had revenue of $189.23 million during the quarter, compared to analyst estimates of $167.37 million. COPT Defense Properties had a negative net margin of 15.75% and a negative return on equity of 7.52%. COPT Defense Properties's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Equities research analysts anticipate that COPT Defense Properties will post 2.57 earnings per share for the current fiscal year.

Insider Transactions at COPT Defense Properties

In other COPT Defense Properties news, COO Britt A. Snider acquired 1,000 shares of the business's stock in a transaction dated Tuesday, September 10th. The stock was bought at an average cost of $29.41 per share, with a total value of $29,410.00. Following the completion of the transaction, the chief operating officer now directly owns 2,000 shares in the company, valued at approximately $58,820. This represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.06% of the stock is owned by company insiders.

Institutional Trading of COPT Defense Properties

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Heritage Wealth Advisors acquired a new stake in COPT Defense Properties during the first quarter worth approximately $39,000. Spirit of America Management Corp NY acquired a new stake in COPT Defense Properties during the 2nd quarter worth approximately $50,000. Quarry LP boosted its stake in COPT Defense Properties by 711.4% in the 2nd quarter. Quarry LP now owns 3,481 shares of the company's stock valued at $87,000 after purchasing an additional 3,052 shares during the period. Bessemer Group Inc. bought a new stake in COPT Defense Properties in the 1st quarter valued at $100,000. Finally, Lazard Asset Management LLC bought a new position in COPT Defense Properties during the 1st quarter worth $102,000.

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.