COPT Defense Properties (NYSE:CDP) Receives Average Recommendation of “Moderate Buy” from Brokerages

COPT Defense Properties (NYSE:CDP) has received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $30.00.

Several equities research analysts have issued reports on the company. Wedbush increased their target price on COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Wells Fargo & Company lowered their price target on shares of COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. JPMorgan Chase & Co. upped their target price on shares of COPT Defense Properties from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Evercore ISI raised their price target on shares of COPT Defense Properties from $28.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Truist Financial upped their price target on shares of COPT Defense Properties from $27.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, August 29th.

COPT Defense Properties Stock Up 1.0 %

Shares of NYSE:CDP opened at $30.96 on Thursday. The business has a fifty day moving average price of $29.37 and a two-hundred day moving average price of $26.17. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.17 and a quick ratio of 3.17. The company has a market capitalization of $3.49 billion, a PE ratio of -28.67, a price-to-earnings-growth ratio of 2.66 and a beta of 0.99. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $30.99.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.33). The firm had revenue of $187.34 million for the quarter, compared to the consensus estimate of $166.11 million. COPT Defense Properties had a negative return on equity of 7.52% and a negative net margin of 15.75%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. Analysts forecast that COPT Defense Properties will post 2.56 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be issued a $0.295 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.18 annualized dividend and a yield of 3.81%. COPT Defense Properties’s dividend payout ratio (DPR) is presently -109.26%.

Insider Activity at COPT Defense Properties

In other COPT Defense Properties news, COO Britt A. Snider purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average cost of $29.41 per share, with a total value of $29,410.00. Following the transaction, the chief operating officer now directly owns 2,000 shares in the company, valued at approximately $58,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of COPT Defense Properties in the 1st quarter worth $2,498,000. Swiss National Bank purchased a new position in shares of COPT Defense Properties in the 1st quarter worth $5,361,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of COPT Defense Properties in the first quarter worth $3,081,000. Leeward Investments LLC MA bought a new stake in shares of COPT Defense Properties in the first quarter worth $13,350,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in COPT Defense Properties in the first quarter valued at about $13,958,000.

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.