COPT Defense Properties (NYSE:CDP) Given Average Recommendation of “Moderate Buy” by Brokerages

COPT Defense Properties (NYSE:CDP) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $27.00.

CDP has been the subject of several analyst reports. Evercore ISI upgraded COPT Defense Properties from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $27.00 to $28.00 in a research note on Monday, February 12th. Jefferies Financial Group upgraded shares of COPT Defense Properties from a “hold” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $28.00 in a research report on Wednesday, February 21st. Citigroup restated a “neutral” rating and issued a $25.00 target price (down previously from $29.00) on shares of COPT Defense Properties in a research note on Friday, March 22nd. Finally, Wedbush reiterated an “outperform” rating and set a $28.00 price target (up from $27.00) on shares of COPT Defense Properties in a research note on Monday, April 29th.

COPT Defense Properties Stock Up 0.3 %

CDP opened at $24.59 on Monday. COPT Defense Properties has a 52 week low of $21.76 and a 52 week high of $26.80. The business has a 50 day moving average price of $23.77 and a two-hundred day moving average price of $24.18. The company has a quick ratio of 3.36, a current ratio of 3.66 and a debt-to-equity ratio of 1.58. The company has a market cap of $2.77 billion, a PE ratio of -22.77, a P/E/G ratio of 2.38 and a beta of 0.92.

COPT Defense Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were paid a dividend of $0.295 per share. The ex-dividend date was Wednesday, March 27th. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.80%. COPT Defense Properties’s dividend payout ratio is -109.26%.

Institutional Trading of COPT Defense Properties

Several hedge funds and other institutional investors have recently made changes to their positions in CDP. Global Retirement Partners LLC acquired a new position in COPT Defense Properties during the first quarter worth about $36,000. Securian Asset Management Inc. acquired a new stake in shares of COPT Defense Properties in the 1st quarter worth approximately $223,000. Central Pacific Bank Trust Division acquired a new stake in shares of COPT Defense Properties in the 1st quarter worth approximately $234,000. Carmel Capital Partners LLC purchased a new position in COPT Defense Properties in the 1st quarter valued at approximately $379,000. Finally, GSA Capital Partners LLP acquired a new position in COPT Defense Properties during the first quarter worth $425,000.

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.