COPT Defense Properties (NYSE:CDP) Receives $33.43 Consensus PT from Brokerages

Shares of COPT Defense Properties (NYSE:CDP) have been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $33.43.

Separately, Jefferies Financial Group assumed coverage on shares of COPT Defense Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $31.00 target price for the company.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CDP. UMB Bank n.a. increased its stake in shares of COPT Defense Properties by 321.7% in the 1st quarter. UMB Bank n.a. now owns 1,071 shares of the company’s stock worth $29,000 after purchasing an additional 817 shares in the last quarter. Quarry LP grew its holdings in COPT Defense Properties by 102.0% during the first quarter. Quarry LP now owns 1,186 shares of the company’s stock valued at $32,000 after purchasing an additional 599 shares during the period. GF Fund Management CO. LTD. purchased a new stake in COPT Defense Properties in the fourth quarter worth about $63,000. Brooklyn Investment Group raised its stake in shares of COPT Defense Properties by 9,030.4% in the first quarter. Brooklyn Investment Group now owns 2,100 shares of the company’s stock worth $57,000 after buying an additional 2,077 shares during the period. Finally, FIL Ltd lifted its position in shares of COPT Defense Properties by 17.8% during the 4th quarter. FIL Ltd now owns 2,591 shares of the company’s stock valued at $80,000 after buying an additional 391 shares in the last quarter.

COPT Defense Properties Stock Up 0.7%

CDP stock opened at $27.45 on Friday. The stock has a market capitalization of $3.10 billion, a P/E ratio of 22.32 and a beta of 0.86. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. COPT Defense Properties has a 1-year low of $23.47 and a 1-year high of $34.22. The business has a fifty day moving average price of $26.49 and a 200-day moving average price of $28.83.

COPT Defense Properties (NYSE:CDP) last issued its earnings results on Monday, April 28th. The company reported $0.65 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.65. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. The business had revenue of $187.86 million during the quarter, compared to analyst estimates of $186.37 million. During the same quarter in the previous year, the firm earned $0.62 EPS. COPT Defense Properties’s revenue was up 6.0% on a year-over-year basis. Equities 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 was paid on Wednesday, April 16th. Investors of record on Monday, March 31st were given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 4.44%. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, March 31st. COPT Defense Properties’s payout ratio is 97.60%.

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.