COPT Defense Properties (NYSE:CDP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

COPT Defense Properties (NYSE:CDP) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $28.43.

CDP has been the subject of a number of research analyst reports. Wedbush lifted their target price on COPT Defense Properties from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Evercore ISI increased their price target on COPT Defense Properties from $28.00 to $33.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in shares of COPT Defense Properties in the first quarter valued at approximately $2,498,000. Swiss National Bank acquired a new position in shares of COPT Defense Properties in the 1st quarter valued at approximately $5,361,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of COPT Defense Properties during the 1st quarter valued at approximately $3,081,000. Leeward Investments LLC MA acquired a new position in COPT Defense Properties during the 1st quarter worth $13,350,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of COPT Defense Properties in the 1st quarter worth about $13,958,000.

COPT Defense Properties Stock Down 0.2 %

NYSE CDP opened at $28.65 on Wednesday. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $29.50. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of -26.52, a PEG ratio of 2.76 and a beta of 0.98. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.56. The company has a fifty day moving average of $26.69 and a two-hundred day moving average of $24.93.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.33). COPT Defense Properties had a negative return on equity of 7.52% and a negative net margin of 15.75%. The business had revenue of $187.34 million during the quarter, compared to analysts’ expectations of $166.11 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, analysts predict that COPT Defense Properties will post 2.56 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Monday, September 30th. COPT Defense Properties’s dividend payout ratio is currently -109.26%.

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.