Analysts Set COPT Defense Properties (NYSE:CDP) Target Price at $27.00

COPT Defense Properties (NYSE:CDP) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $27.00.

Several analysts have recently issued reports on CDP shares. Wedbush reaffirmed an “outperform” rating and set a $28.00 price objective (up from $27.00) on shares of COPT Defense Properties in a report on Monday, April 29th. Citigroup reaffirmed a “neutral” rating and set a $25.00 price objective (down from $29.00) on shares of COPT Defense Properties in a report on Friday, March 22nd.

COPT Defense Properties Stock Down 0.4 %

NYSE CDP opened at $24.74 on Tuesday. The stock’s 50 day moving average is $24.22 and its 200 day moving average is $24.31. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 1.58. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $26.80. The stock has a market cap of $2.79 billion, a PE ratio of -23.07, a P/E/G ratio of 2.37 and a beta of 0.95.

COPT Defense Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th will be given a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 4.77%. The ex-dividend date is Friday, June 28th. COPT Defense Properties’s dividend payout ratio (DPR) is presently -109.26%.

Institutional Investors Weigh In On COPT Defense Properties

Hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in shares of COPT Defense Properties in the 1st quarter worth $36,000. Heritage Wealth Advisors purchased a new stake in shares of COPT Defense Properties during the 1st quarter worth $39,000. Bessemer Group Inc. purchased a new stake in shares of COPT Defense Properties during the 1st quarter worth $100,000. Lazard Asset Management LLC purchased a new stake in shares of COPT Defense Properties during the 1st quarter worth $102,000. Finally, Allstate Corp purchased a new stake in shares of COPT Defense Properties during the 1st quarter worth $201,000.

About COPT Defense Properties

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.