COPT Defense Properties (NYSE:CDP) Given Consensus Rating of “Moderate Buy” by Analysts

COPT Defense Properties (NYSE:CDP) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $33.43.

Several research firms have weighed in on CDP. Truist Financial upped their price target on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Jefferies Financial Group assumed coverage on shares of COPT Defense Properties in a report on Monday, March 17th. They issued a “buy” rating and a $31.00 price target on the stock. Finally, BTIG Research increased their price objective on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 27th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its position in COPT Defense Properties by 32.5% during the third quarter. Thrivent Financial for Lutherans now owns 55,516 shares of the company’s stock valued at $1,684,000 after purchasing an additional 13,606 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of COPT Defense Properties during the 3rd quarter valued at approximately $333,000. Intech Investment Management LLC raised its holdings in COPT Defense Properties by 82.3% during the 3rd quarter. Intech Investment Management LLC now owns 38,874 shares of the company’s stock valued at $1,179,000 after buying an additional 17,553 shares during the period. Charles Schwab Investment Management Inc. lifted its position in COPT Defense Properties by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,522,955 shares of the company’s stock worth $76,521,000 after buying an additional 18,770 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in COPT Defense Properties by 81.1% during the third quarter. Citigroup Inc. now owns 137,075 shares of the company’s stock worth $4,157,000 after buying an additional 61,389 shares during the period.

COPT Defense Properties Stock Up 0.2 %

CDP opened at $27.11 on Thursday. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 22.04 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 firm’s fifty day moving average is $27.94 and its 200 day moving average is $30.11. COPT Defense Properties has a fifty-two week low of $22.20 and a fifty-two week high of $34.22.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data 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%. On average, sell-side analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 4.50%. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, March 31st. COPT Defense Properties’s dividend payout ratio is currently 99.19%.

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.