COPT Defense Properties (NYSE:CDP) Coverage Initiated at Jefferies Financial Group

Research analysts at Jefferies Financial Group assumed coverage on shares of COPT Defense Properties (NYSE:CDP) in a report released on Monday, MarketBeat reports. The firm set a “buy” rating and a $31.00 price target on the stock. Jefferies Financial Group’s target price points to a potential upside of 14.77% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on CDP. Truist Financial lifted their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. BTIG Research lifted their price objective on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.38.

COPT Defense Properties Price Performance

Shares of NYSE CDP opened at $27.01 on Monday. COPT Defense Properties has a fifty-two week low of $22.20 and a fifty-two week high of $34.22. The firm’s 50-day simple moving average is $28.25 and its 200 day simple moving average is $30.22. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. The stock has a market cap of $3.04 billion, a P/E ratio of 21.96 and a beta of 0.96.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. Equities analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. FIL Ltd increased its stake in COPT Defense Properties by 17.8% in the 4th quarter. FIL Ltd now owns 2,591 shares of the company’s stock worth $80,000 after purchasing an additional 391 shares in the last quarter. GAMMA Investing LLC increased its stake in COPT Defense Properties by 77.8% in the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock worth $43,000 after purchasing an additional 614 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in COPT Defense Properties by 4.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 16,600 shares of the company’s stock worth $515,000 after purchasing an additional 635 shares in the last quarter. M&T Bank Corp increased its stake in COPT Defense Properties by 3.1% in the 4th quarter. M&T Bank Corp now owns 21,889 shares of the company’s stock worth $677,000 after purchasing an additional 663 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in COPT Defense Properties by 6.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,651 shares of the company’s stock worth $423,000 after purchasing an additional 813 shares in the last quarter.

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.