COPT Defense Properties (NYSE:CDP) Now Covered by Analysts at Jefferies Financial Group

Stock analysts at Jefferies Financial Group began coverage on shares of COPT Defense Properties (NYSE:CDP) in a research report issued on Monday. The firm set a “buy” rating and a $31.00 price target on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 15.48% from the stock’s previous close.

CDP has been the topic of a number of other reports. BTIG Research boosted 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. Truist Financial lifted 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.38.

COPT Defense Properties Price Performance

Shares of CDP opened at $26.85 on Monday. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22. The stock has a market capitalization of $3.03 billion, a P/E ratio of 21.83 and a beta of 0.96. The company has a 50 day moving average of $28.36 and a 200-day moving average of $30.25.

COPT Defense Properties (NYSE:CDP) last released its earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. As a group, equities research analysts forecast that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

Hedge Funds Weigh In On COPT Defense Properties

Several institutional investors and hedge funds have recently made changes to their positions in the company. FIL Ltd boosted its stake in COPT Defense Properties by 17.8% in the 4th quarter. FIL Ltd now owns 2,591 shares of the company’s stock valued at $80,000 after purchasing an additional 391 shares during the period. GAMMA Investing LLC raised its position in shares of COPT Defense Properties by 77.8% in the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock valued at $43,000 after buying an additional 614 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of COPT Defense Properties by 4.0% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 16,600 shares of the company’s stock valued at $515,000 after buying an additional 635 shares during the period. M&T Bank Corp grew its position in COPT Defense Properties by 3.1% during the fourth quarter. M&T Bank Corp now owns 21,889 shares of the company’s stock worth $677,000 after buying an additional 663 shares in the last quarter. Finally, KBC Group NV increased its stake in COPT Defense Properties by 28.3% during the 3rd quarter. KBC Group NV now owns 3,810 shares of the company’s stock worth $116,000 after acquiring an additional 840 shares during the period.

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.