Jefferies Financial Group Has Lowered Expectations for COPT Defense Properties (NYSE:CDP) Stock Price

COPT Defense Properties (NYSE:CDP) had its price objective reduced by analysts at Jefferies Financial Group from $37.00 to $35.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 12.98% from the stock’s previous close.

Several other research analysts also recently commented on the stock. BTIG Research raised their price target on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. 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. Evercore ISI raised their price target on COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Truist Financial boosted their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company decreased their price objective on shares of COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, COPT Defense Properties currently has a consensus rating of “Moderate Buy” and an average price target of $32.88.

COPT Defense Properties Price Performance

COPT Defense Properties stock opened at $30.98 on Thursday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.38 and a quick ratio of 2.38. COPT Defense Properties has a one year low of $22.20 and a one year high of $34.22. The firm has a market capitalization of $3.49 billion, a P/E ratio of 25.39 and a beta of 0.98. The business has a fifty day moving average price of $31.83 and a 200-day moving average price of $29.74.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings results 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 net margin of 18.34% and a return on equity of 8.99%. The company had revenue of $189.23 million for the quarter, compared to the consensus estimate of $167.37 million. During the same quarter in the prior year, the company earned $0.60 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities research analysts forecast that COPT Defense Properties will post 2.58 EPS for the current year.

Institutional Trading of COPT Defense Properties

Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its stake in shares of COPT Defense Properties by 65.3% during the second quarter. Millennium Management LLC now owns 3,274,008 shares of the company’s stock valued at $81,948,000 after purchasing an additional 1,293,761 shares during the period. JPMorgan Chase & Co. raised its holdings in COPT Defense Properties by 35.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company’s stock valued at $81,689,000 after buying an additional 710,491 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in COPT Defense Properties by 404.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 792,728 shares of the company’s stock valued at $24,043,000 after buying an additional 635,705 shares during the period. AQR Capital Management LLC grew its holdings in COPT Defense Properties by 315.1% in the 2nd quarter. AQR Capital Management LLC now owns 567,997 shares of the company’s stock worth $13,978,000 after acquiring an additional 431,173 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of COPT Defense Properties by 72.4% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 876,366 shares of the company’s stock valued at $26,580,000 after acquiring an additional 367,969 shares during the period.

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.