Analysts Set COPT Defense Properties (NYSE:CDP) PT at $27.00

COPT Defense Properties (NYSE:CDP) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $27.00.

Separately, Wedbush reissued an “outperform” rating and issued a $28.00 price objective (up from $27.00) on shares of COPT Defense Properties in a research report on Monday, April 29th.

COPT Defense Properties Stock Down 1.0 %

Shares of NYSE CDP opened at $27.23 on Friday. The firm’s 50-day moving average price is $25.06 and its 200-day moving average price is $24.41. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of -25.21, a P/E/G ratio of 2.60 and a beta of 0.98. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $27.92.

COPT Defense Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th were issued a $0.295 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.33%. COPT Defense Properties’s dividend payout ratio is currently -109.26%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp raised its position 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 worth $1,462,000 after acquiring an additional 574 shares during the period. Leeward Investments LLC MA raised its position in shares of COPT Defense Properties by 5.6% in the second quarter. Leeward Investments LLC MA now owns 583,391 shares of the company’s stock worth $14,602,000 after acquiring an additional 31,072 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of COPT Defense Properties by 443.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 692,261 shares of the company’s stock worth $17,327,000 after acquiring an additional 564,794 shares during the period. Blue Trust Inc. raised its position in shares of COPT Defense Properties by 37.4% in the second quarter. Blue Trust Inc. now owns 9,117 shares of the company’s stock worth $220,000 after acquiring an additional 2,483 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of COPT Defense Properties by 18.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,742 shares of the company’s stock worth $394,000 after acquiring an additional 2,421 shares during the period.

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.