Analysts Set COPT Defense Properties (NYSE:CDP) PT at $32.88

COPT Defense Properties (NYSE:CDP) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $32.88.

CDP has been the subject of several recent analyst reports. Jefferies Financial Group lowered their price target on COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Evercore ISI upped their price target on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial increased their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, BTIG Research boosted their price objective on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th.

COPT Defense Properties Stock Performance

Shares of CDP opened at $28.39 on Wednesday. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 23.08 and a beta of 0.98. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.38. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $34.22. The company’s 50 day simple moving average is $30.60 and its 200 day simple moving average is $30.54.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.08% and a net margin of 18.44%. On average, sell-side analysts predict that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Tuesday, December 31st. COPT Defense Properties’s payout ratio is currently 95.93%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new stake in shares of COPT Defense Properties in the second quarter valued at about $886,000. Handelsbanken Fonder AB grew its position in COPT Defense Properties by 36.1% in the third quarter. Handelsbanken Fonder AB now owns 39,981 shares of the company’s stock valued at $1,213,000 after acquiring an additional 10,600 shares in the last quarter. CWM LLC grew its position in COPT Defense Properties by 1.4% in the third quarter. CWM LLC now owns 35,098 shares of the company’s stock valued at $1,065,000 after acquiring an additional 475 shares in the last quarter. Presima Securities ULC raised its stake in shares of COPT Defense Properties by 1.3% during the third quarter. Presima Securities ULC now owns 60,410 shares of the company’s stock valued at $1,832,000 after purchasing an additional 800 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of COPT Defense Properties by 53.8% during the third quarter. Blue Trust Inc. now owns 14,021 shares of the company’s stock worth $425,000 after purchasing an additional 4,904 shares in the last quarter.

About COPT Defense Properties

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.