COPT Defense Properties (NYSE:CDP) Receives $26.86 Average PT from Brokerages

Shares of COPT Defense Properties (NYSE:CDP) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $26.86.

A number of research analysts have issued reports on CDP shares. Truist Financial dropped their target price on shares of COPT Defense Properties from $28.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, December 21st. Citigroup reaffirmed a “neutral” rating and issued a $25.00 target price (down from $29.00) on shares of COPT Defense Properties in a report on Friday, March 22nd. Jefferies Financial Group upgraded shares of COPT Defense Properties from a “hold” rating to a “buy” rating and increased their price target for the company from $26.00 to $28.00 in a research report on Wednesday, February 21st. Finally, Evercore ISI upgraded shares of COPT Defense Properties from an “in-line” rating to an “outperform” rating and increased their price target for the company from $27.00 to $28.00 in a research report on Monday, February 12th.

COPT Defense Properties Trading Down 0.2 %

Shares of COPT Defense Properties stock opened at $22.24 on Thursday. COPT Defense Properties has a 12-month low of $21.73 and a 12-month high of $26.80. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 1.59. The stock has a market cap of $2.51 billion, a PE ratio of -33.19, a price-to-earnings-growth ratio of 2.22 and a beta of 0.93. The company has a 50-day moving average of $23.92 and a two-hundred day moving average of $24.21.

COPT Defense Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date was Wednesday, March 27th. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.29. COPT Defense Properties’s dividend payout ratio (DPR) is -176.12%.

About COPT Defense Properties

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.