COPT Defense Properties (NYSE:CDP) Receives $32.88 Consensus PT from Analysts

COPT Defense Properties (NYSE:CDP) has earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $32.88.

CDP has been the subject of a number of research reports. BTIG Research lifted their target price on COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Truist Financial lifted their target price 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, Jefferies Financial Group decreased their target price on COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 2nd.

COPT Defense Properties Price Performance

Shares of CDP stock opened at $27.17 on Friday. COPT Defense Properties has a fifty-two week low of $22.20 and a fifty-two week high of $34.22. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 22.09 and a beta of 0.96. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. The stock’s 50-day simple moving average is $28.78 and its 200-day simple moving average is $30.33.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. As a group, equities analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be issued a $0.305 dividend. The ex-dividend date is Monday, March 31st. This is an increase from COPT Defense Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a yield of 4.49%. COPT Defense Properties’s payout ratio is presently 99.19%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Alliancebernstein L.P. lifted its holdings in COPT Defense Properties by 813.0% in the fourth quarter. Alliancebernstein L.P. now owns 6,247,854 shares of the company’s stock valued at $193,371,000 after acquiring an additional 5,563,548 shares during the period. Earnest Partners LLC lifted its holdings in COPT Defense Properties by 1.9% in the fourth quarter. Earnest Partners LLC now owns 4,795,639 shares of the company’s stock valued at $148,425,000 after acquiring an additional 89,571 shares during the period. JPMorgan Chase & Co. increased its position in shares of COPT Defense Properties by 21.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,283,383 shares of the company’s stock valued at $101,621,000 after buying an additional 590,051 shares in the last quarter. FMR LLC increased its position in shares of COPT Defense Properties by 12.2% in the fourth quarter. FMR LLC now owns 3,099,052 shares of the company’s stock valued at $95,916,000 after buying an additional 335,775 shares in the last quarter. Finally, Geode Capital Management LLC increased 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 buying an additional 21,388 shares in 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.