COPT Defense Properties (NYSE:CDP) Sets New 12-Month High at $27.55

COPT Defense Properties (NYSE:CDP) hit a new 52-week high on Tuesday . The company traded as high as $27.55 and last traded at $27.50, with a volume of 259582 shares. The stock had previously closed at $27.16.

Wall Street Analyst Weigh In

Separately, Wedbush reiterated an “outperform” rating and set a $28.00 price target (up previously from $27.00) on shares of COPT Defense Properties in a research report on Monday, April 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

COPT Defense Properties Stock Performance

The company has a 50 day simple moving average of $25.12 and a 200-day simple moving average of $24.43. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.66 and a quick ratio of 3.66. The stock has a market cap of $3.13 billion, a P/E ratio of -25.72, a price-to-earnings-growth ratio of 2.63 and a beta of 0.98.

COPT Defense Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were given a $0.295 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.18 dividend on an annualized basis and a yield of 4.25%. COPT Defense Properties’s payout ratio is -109.26%.

Institutional Investors Weigh In On COPT Defense Properties

A number of institutional investors have recently made changes to their positions in CDP. Global Retirement Partners LLC bought a new stake in COPT Defense Properties in the first quarter worth $36,000. Heritage Wealth Advisors purchased a new position in shares of COPT Defense Properties in the first quarter worth about $39,000. Spirit of America Management Corp NY purchased a new position in shares of COPT Defense Properties in the second quarter worth about $50,000. Bessemer Group Inc. bought a new stake in COPT Defense Properties during the 1st quarter valued at $100,000. Finally, Lazard Asset Management LLC purchased a new stake in COPT Defense Properties during the 1st quarter valued at $102,000.

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.