COPT Defense Properties (NYSE:CDP) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of COPT Defense Properties (NYSE:CDP - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $30.00.

Several brokerages have recently weighed in on CDP. Evercore ISI upped their price objective on shares of COPT Defense Properties from $28.00 to $33.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Wedbush upped their price objective on shares of COPT Defense Properties from $28.00 to $33.00 and gave the company an "outperform" rating in a report on Monday, August 5th. Wells Fargo & Company dropped 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. Truist Financial upped their price objective on shares of COPT Defense Properties from $27.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of COPT Defense Properties from $26.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday, September 4th.

COPT Defense Properties Price Performance

CDP stock traded up $0.27 during midday trading on Monday, hitting $32.56. The stock had a trading volume of 1,499,158 shares, compared to its average volume of 835,718. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.17 and a quick ratio of 3.17. COPT Defense Properties has a 1-year low of $22.20 and a 1-year high of $32.80. The business has a fifty day moving average price of $30.39 and a two-hundred day moving average price of $27.12.

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). COPT Defense Properties had a negative net margin of 15.75% and a negative return on equity of 7.52%. The firm had revenue of $187.34 million during the quarter, compared to analyst estimates of $166.11 million. During the same quarter in the previous year, the firm earned $0.60 EPS. COPT Defense Properties's quarterly revenue was up 10.7% on a year-over-year basis. Equities research analysts expect that COPT Defense Properties will post 2.57 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Monday, September 30th. COPT Defense Properties's dividend payout ratio is currently -113.46%.

Insiders Place Their Bets

In other COPT Defense Properties news, COO Britt A. Snider bought 1,000 shares of the business's stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average price of $29.41 per share, for a total transaction of $29,410.00. Following the purchase, the chief operating officer now directly owns 2,000 shares of the company's stock, valued at approximately $58,820. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.06% of the company's stock.

Hedge Funds Weigh In On COPT Defense Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC boosted its stake in shares of COPT Defense Properties by 1.4% in the 3rd quarter. CWM LLC now owns 35,098 shares of the company's stock worth $1,065,000 after buying an additional 475 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of COPT Defense Properties by 1.0% in the second quarter. Fifth Third Bancorp now owns 58,401 shares of the company's stock valued at $1,462,000 after buying an additional 574 shares during the period. Arizona State Retirement System raised its stake in shares of COPT Defense Properties by 1.9% in the second quarter. Arizona State Retirement System now owns 31,508 shares of the company's stock valued at $789,000 after buying an additional 578 shares during the period. Presima Securities ULC lifted its position in shares of COPT Defense Properties by 1.3% during the 3rd quarter. Presima Securities ULC now owns 60,410 shares of the company's stock valued at $1,832,000 after buying an additional 800 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of COPT Defense Properties by 5.1% during the 2nd quarter. Van ECK Associates Corp now owns 19,981 shares of the company's stock worth $500,000 after acquiring an additional 967 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.