COPT Defense Properties (NYSE:CDP) Receives $27.00 Consensus Target Price from Analysts

Shares of COPT Defense Properties (NYSE:CDP) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $27.00.

A number of research analysts recently weighed in on CDP shares. Citigroup reaffirmed a “neutral” rating and issued a $25.00 target price (down previously from $29.00) on shares of COPT Defense Properties in a research report on Friday, March 22nd. Jefferies Financial Group raised shares of COPT Defense Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $26.00 to $28.00 in a research report on Wednesday, February 21st. Evercore ISI raised shares of COPT Defense Properties from an “in-line” rating to an “outperform” rating and raised their target price for the company from $27.00 to $28.00 in a research report on Monday, February 12th. Finally, Wedbush reissued an “outperform” rating and issued a $28.00 price objective (up previously from $27.00) on shares of COPT Defense Properties in a research report on Monday, April 29th.

COPT Defense Properties Trading Down 0.6 %

CDP opened at $24.63 on Monday. The firm’s fifty day moving average is $23.81 and its two-hundred day moving average is $24.19. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.66 and a current ratio of 3.66. The firm has a market cap of $2.77 billion, a PE ratio of -22.81, a price-to-earnings-growth ratio of 2.38 and a beta of 0.92. COPT Defense Properties has a twelve month low of $21.76 and a twelve month high of $26.80.

COPT Defense Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were paid a $0.295 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.18 dividend on an annualized basis and a yield of 4.79%. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.29. COPT Defense Properties’s dividend payout ratio is -109.26%.

Institutional Trading of COPT Defense Properties

Hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in COPT Defense Properties during the first quarter worth about $36,000. Heritage Wealth Advisors bought a new stake in COPT Defense Properties during the first quarter worth about $39,000. Securian Asset Management Inc. bought a new stake in COPT Defense Properties during the first quarter worth about $223,000. Entropy Technologies LP bought a new stake in COPT Defense Properties during the first quarter worth about $232,000. Finally, Central Pacific Bank Trust Division bought a new stake in COPT Defense Properties during the first quarter worth about $234,000.

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.