Shares of COPT Defense Properties (NYSE:CDP – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $38.00.
Several research analysts recently weighed in on the company. Evercore reiterated an “outperform” rating and set a $42.00 price target on shares of COPT Defense Properties in a research report on Monday, July 27th. Citigroup raised their target price on COPT Defense Properties from $34.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Wells Fargo & Company lifted their target price on COPT Defense Properties from $36.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of COPT Defense Properties in a research note on Thursday, October 15th. Finally, Truist Financial lifted their target price on COPT Defense Properties from $34.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, August 24th.
View Our Latest Stock Analysis on COPT Defense Properties
Institutional Investors Weigh In On COPT Defense Properties
Large investors have recently modified their holdings of the company. Signaturefd LLC bought a new stake in COPT Defense Properties during the third quarter valued at $25,000. Integrated Wealth Concepts LLC acquired a new stake in COPT Defense Properties during the second quarter worth about $29,000. Versant Capital Management Inc lifted its holdings in COPT Defense Properties by 38.8% in the third quarter. Versant Capital Management Inc now owns 1,159 shares of the company’s stock worth $39,000 after acquiring an additional 324 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of COPT Defense Properties in the 3rd quarter worth approximately $68,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of COPT Defense Properties by 16.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,424 shares of the company’s stock worth $74,000 after purchasing an additional 339 shares during the last quarter.
COPT Defense Properties Stock Down 1.5%
Shares of NYSE CDP opened at $33.42 on Thursday. COPT Defense Properties has a 12-month low of $27.06 and a 12-month high of $38.90. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.64. The firm’s 50-day moving average price is $34.61 and its 200-day moving average price is $33.54. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 23.21 and a beta of 0.77.
COPT Defense Properties (NYSE:CDP – Get Free Report) last announced its earnings results on Monday, July 27th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.07. COPT Defense Properties had a return on equity of 10.48% and a net margin of 20.94%. The business had revenue of $197.39 million for the quarter, compared to analysts’ expectations of $189.36 million. During the same quarter last year, the firm earned $0.34 EPS. On average, equities research analysts anticipate that COPT Defense Properties will post 2.78 EPS for the current fiscal year.
COPT Defense Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, September 30th. COPT Defense Properties’s dividend payout ratio is currently 88.89%.
About COPT Defense Properties
COPT Defense Properties is a real estate investment trust that owns, develops, manages and leases properties designed to support the U.S. government, defense and information technology sectors. Its portfolio includes office buildings, data centers, specialized facilities and other mission-critical properties leased primarily to government agencies, defense contractors and technology companies.
The company’s properties are concentrated in key defense and national security markets, including Northern Virginia, suburban Maryland and the broader Washington, DC, region.
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