COPT Defense Properties (NYSE:CDP) Receives $30.00 Consensus Price Target from Analysts

Shares of COPT Defense Properties (NYSE:CDP) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $30.38.

Several equities research analysts have commented on CDP shares. Wedbush boosted their price target on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. boosted their price target on shares of 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 boosted their price target on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wells Fargo & Company cut their price objective on COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Finally, Truist Financial upped their target price on COPT Defense Properties from $27.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, August 29th.

COPT Defense Properties Stock Performance

Shares of CDP opened at $32.70 on Monday. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $33.05. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 26.80 and a beta of 0.99. The company has a debt-to-equity ratio of 1.56, a quick ratio of 3.17 and a current ratio of 3.17. The firm has a fifty day moving average of $30.62 and a 200-day moving average of $27.29.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.32). The firm had revenue of $189.23 million for the quarter, compared to analyst estimates of $167.37 million. COPT Defense Properties had a negative net margin of 15.75% and a negative return on equity of 7.52%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.60 EPS. As a group, equities analysts anticipate that COPT Defense Properties will post 2.57 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a $0.295 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.18 annualized dividend and a dividend yield of 3.61%. COPT Defense Properties’s payout ratio is 96.72%.

Insiders Place Their Bets

In other COPT Defense Properties news, COO Britt A. Snider purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was bought at an average cost of $29.41 per share, for a total transaction of $29,410.00. Following the completion of the acquisition, the chief operating officer now directly owns 2,000 shares in the company, valued at $58,820. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.06% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. State of Michigan Retirement System acquired a new position in COPT Defense Properties during the first quarter worth $665,000. Handelsinvest Investeringsforvaltning acquired a new stake in COPT Defense Properties in the 1st quarter valued at approximately $455,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in COPT Defense Properties in the 1st quarter valued at approximately $3,081,000. State of Alaska Department of Revenue acquired a new stake in COPT Defense Properties in the 1st quarter valued at approximately $1,581,000. Finally, Leeward Investments LLC MA bought a new position in COPT Defense Properties in the first quarter valued at approximately $13,350,000.

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.