COPT Defense Properties (NYSE:CDP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of COPT Defense Properties (NYSE:CDP) have received an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $32.00.

A number of analysts have recently issued reports on CDP shares. Wells Fargo & Company dropped their price objective on shares of COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. BTIG Research upped their price objective on COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Evercore ISI raised their price objective on COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on COPT Defense Properties from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Finally, Truist Financial increased their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th.

Institutional Trading of COPT Defense Properties

Several large investors have recently modified their holdings of CDP. Wilmington Savings Fund Society FSB purchased a new stake in COPT Defense Properties in the 3rd quarter worth approximately $91,000. Sanctuary Advisors LLC lifted its stake in COPT Defense Properties by 13.0% in the third quarter. Sanctuary Advisors LLC now owns 42,381 shares of the company’s stock worth $1,349,000 after acquiring an additional 4,885 shares during the period. Geode Capital Management LLC boosted its holdings in COPT Defense Properties by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,927,208 shares of the company’s stock valued at $88,797,000 after acquiring an additional 21,388 shares in the last quarter. Vestcor Inc increased its position in COPT Defense Properties by 1.8% during the 3rd quarter. Vestcor Inc now owns 101,165 shares of the company’s stock valued at $3,068,000 after purchasing an additional 1,760 shares during the period. Finally, M&T Bank Corp raised its holdings in COPT Defense Properties by 3.4% in the 3rd quarter. M&T Bank Corp now owns 21,226 shares of the company’s stock worth $644,000 after purchasing an additional 701 shares in the last quarter.

COPT Defense Properties Price Performance

Shares of NYSE CDP opened at $31.03 on Tuesday. The stock’s 50-day simple moving average is $32.01 and its two-hundred day simple moving average is $29.39. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22. The firm has a market capitalization of $3.50 billion, a P/E ratio of 25.43 and a beta of 0.98. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.56.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.32). COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. The company had revenue of $189.23 million during the quarter, compared to the consensus estimate of $167.37 million. During the same quarter last year, the company posted $0.60 earnings per share. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities analysts anticipate that COPT Defense Properties will post 2.58 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Tuesday, December 31st. COPT Defense Properties’s dividend payout ratio (DPR) is 96.72%.

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.