COPT Defense Properties (NYSE:CDP) Given Average Rating of “Moderate Buy” by Brokerages

COPT Defense Properties (NYSE:CDP) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $32.88.

A number of research analysts have recently issued reports on CDP shares. Jefferies Financial Group dropped their target price on COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Truist Financial lifted their price objective 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. BTIG Research upped their price objective on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI lifted their target price on shares of COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th.

COPT Defense Properties Stock Performance

Shares of CDP opened at $28.39 on Wednesday. The company’s 50 day simple moving average is $30.60 and its 200-day simple moving average is $30.54. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $34.22. The firm has a market cap of $3.20 billion, a PE ratio of 23.08 and a beta of 0.98. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56.

COPT Defense Properties (NYSE:CDP) last announced its earnings results on Thursday, February 6th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.08%. As a group, equities analysts predict that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Dividend Announcement

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

Hedge Funds Weigh In On COPT Defense Properties

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of 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 purchasing an additional 21,388 shares during the last quarter. FMR LLC grew its holdings in COPT Defense Properties by 1.8% during the 3rd quarter. FMR LLC now owns 2,763,277 shares of the company’s stock valued at $83,810,000 after buying an additional 49,300 shares during the last quarter. JPMorgan Chase & Co. increased its position in COPT Defense Properties by 35.8% during the third quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company’s stock worth $81,689,000 after buying an additional 710,491 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of COPT Defense Properties by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,522,955 shares of the company’s stock worth $76,521,000 after acquiring an additional 18,770 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of COPT Defense Properties by 1.2% in the fourth quarter. Sei Investments Co. now owns 2,139,455 shares of the company’s stock worth $66,216,000 after acquiring an additional 24,577 shares during the last quarter.

COPT Defense Properties Company Profile

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.