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

Shares of COPT Defense Properties (NYSE:CDP) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, 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 1-year price objective among brokers that have issued a report on the stock in the last year is $32.88.

A number of research analysts have commented on the stock. Jefferies Financial Group dropped their price objective on shares of COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating on the stock in a research note 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 note on Wednesday, December 4th. BTIG Research lifted 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. Finally, Evercore ISI lifted their price objective on shares of COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th.

Institutional Trading of COPT Defense Properties

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in COPT Defense Properties by 77.8% during the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock worth $43,000 after buying an additional 614 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of COPT Defense Properties in the third quarter valued at about $91,000. Quarry LP lifted its holdings in shares of COPT Defense Properties by 711.4% in the second quarter. Quarry LP now owns 3,481 shares of the company’s stock valued at $87,000 after purchasing an additional 3,052 shares in the last quarter. KBC Group NV lifted its holdings in shares of COPT Defense Properties by 28.3% in the third quarter. KBC Group NV now owns 3,810 shares of the company’s stock valued at $116,000 after purchasing an additional 840 shares in the last quarter. Finally, Spirit of America Management Corp NY lifted its holdings in shares of COPT Defense Properties by 100.0% in the third quarter. Spirit of America Management Corp NY now owns 4,000 shares of the company’s stock valued at $121,000 after purchasing an additional 2,000 shares in the last quarter.

COPT Defense Properties Price Performance

Shares of CDP opened at $29.24 on Friday. COPT Defense Properties has a 1-year low of $22.20 and a 1-year high of $34.22. The stock has a market cap of $3.30 billion, a PE ratio of 23.97 and a beta of 0.99. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a fifty day moving average price of $31.54 and a 200 day moving average price of $29.97.

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 analysts’ consensus estimates of $0.64 by ($0.32). The company had revenue of $189.23 million during the quarter, compared to analysts’ expectations of $167.37 million. COPT Defense Properties had a net margin of 18.34% and a return on equity of 8.99%. COPT Defense Properties’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share. As a group, sell-side analysts anticipate that COPT Defense Properties will post 2.58 EPS for the current year.

COPT Defense Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.295 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.04%. COPT Defense Properties’s dividend payout ratio (DPR) is 96.72%.

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.