Shares of COPT Defense Properties (NYSE:CDP – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $33.14.
CDP has been the subject of a number of research analyst reports. Jefferies Financial Group initiated coverage on shares of COPT Defense Properties in a research report on Monday, March 17th. They set a “buy” rating and a $31.00 price objective for the company. Wells Fargo & Company lowered their price objective on shares of COPT Defense Properties from $36.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday.
Check Out Our Latest Research Report on COPT Defense Properties
Insider Buying and Selling at COPT Defense Properties
Hedge Funds Weigh In On COPT Defense Properties
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. raised its holdings 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 valued at $29,000 after purchasing an additional 817 shares in the last quarter. Quarry LP raised its holdings in shares of COPT Defense Properties by 102.0% in the 1st quarter. Quarry LP now owns 1,186 shares of the company’s stock valued at $32,000 after purchasing an additional 599 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of COPT Defense Properties by 9,030.4% in the 1st quarter. Brooklyn Investment Group now owns 2,100 shares of the company’s stock valued at $57,000 after purchasing an additional 2,077 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of COPT Defense Properties in the 4th quarter valued at $63,000. Finally, Headlands Technologies LLC acquired a new stake in shares of COPT Defense Properties in the 1st quarter valued at $74,000.
COPT Defense Properties Stock Performance
NYSE:CDP opened at $26.99 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. The stock has a market capitalization of $3.05 billion, a P/E ratio of 21.95 and a beta of 0.86. The company has a 50 day moving average price of $26.53 and a 200 day moving average price of $28.74. COPT Defense Properties has a fifty-two week low of $23.47 and a fifty-two week high of $34.22.
COPT Defense Properties (NYSE:CDP – Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.65 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.65. The firm had revenue of $187.86 million during the quarter, compared to analysts’ expectations of $186.37 million. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.62 EPS. Equities research analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.
COPT Defense Properties Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Monday, June 30th will be given a $0.305 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.22 annualized dividend and a yield of 4.52%. COPT Defense Properties’s dividend payout ratio is presently 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.
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