Analysts Set COPT Defense Properties (NYSE:CDP) PT at $32.88

Shares of COPT Defense Properties (NYSE:CDP) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently 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 twelve-month target price among brokers that have updated their coverage on the stock in the last year is $32.88.

A number of brokerages recently weighed in on CDP. Jefferies Financial Group dropped their target price on shares of COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Truist Financial increased 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 report on Wednesday, December 4th. Finally, BTIG Research raised their target price on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CDP. Alliancebernstein L.P. grew its position in shares of COPT Defense Properties by 813.0% in the 4th quarter. Alliancebernstein L.P. now owns 6,247,854 shares of the company’s stock worth $193,371,000 after buying an additional 5,563,548 shares during the last quarter. Norges Bank acquired a new stake in COPT Defense Properties in the 4th quarter worth approximately $45,718,000. Cbre Investment Management Listed Real Assets LLC boosted its stake in COPT Defense Properties by 192.9% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,158,207 shares of the company’s stock worth $35,847,000 after purchasing an additional 762,840 shares in the last quarter. Principal Financial Group Inc. boosted its stake in COPT Defense Properties by 61.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company’s stock worth $59,001,000 after purchasing an additional 723,486 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in COPT Defense Properties by 35.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company’s stock valued at $81,689,000 after acquiring an additional 710,491 shares during the period.

COPT Defense Properties Stock Up 0.7 %

Shares of CDP stock opened at $26.88 on Friday. The company has a 50 day simple moving average of $29.03 and a two-hundred day simple moving average of $30.37. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The stock has a market cap of $3.03 billion, a P/E ratio of 21.85 and a beta of 0.98. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be given a dividend of $0.305 per share. This is an increase from COPT Defense Properties’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a yield of 4.54%. COPT Defense Properties’s dividend payout ratio (DPR) is 99.19%.

About COPT Defense Properties

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.