COPT Defense Properties (NYSE:CDP) Upgraded by Evercore ISI to Outperform

COPT Defense Properties (NYSE:CDPGet Free Report) was upgraded by research analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a note issued to investors on Monday, Marketbeat.com reports. The firm presently has a $28.00 target price on the stock, up from their previous target price of $27.00. Evercore ISI’s price target points to a potential upside of 17.30% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $27.00 target price on shares of COPT Defense Properties in a research note on Monday, October 30th. Truist Financial reduced their target price on COPT Defense Properties from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, December 21st. Raymond James lowered their price target on COPT Defense Properties from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. lowered COPT Defense Properties from an “overweight” rating to a “neutral” rating and set a $26.00 price objective for the company. in a report on Monday, December 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

Get Our Latest Stock Analysis on CDP

COPT Defense Properties Stock Performance

Shares of CDP stock opened at $23.87 on Monday. COPT Defense Properties has a 52 week low of $21.59 and a 52 week high of $27.08. The stock has a 50-day moving average of $24.83. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of -35.63, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The company has a current ratio of 2.24, a quick ratio of 3.50 and a debt-to-equity ratio of 1.59.

Insider Transactions at COPT Defense Properties

In other COPT Defense Properties news, Director Lisa G. Trimberger sold 7,357 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $25.48, for a total transaction of $187,456.36. Following the completion of the sale, the director now directly owns 16,863 shares in the company, valued at approximately $429,669.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Steven D. Kesler sold 1,719 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $25.44, for a total value of $43,731.36. Following the transaction, the director now directly owns 41,313 shares of the company’s stock, valued at approximately $1,051,002.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lisa G. Trimberger sold 7,357 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $25.48, for a total transaction of $187,456.36. Following the completion of the transaction, the director now directly owns 16,863 shares in the company, valued at approximately $429,669.24. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

COPT Defense Properties Company Profile

(Get Free Report)

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. The majority of its portfolio is in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (IT) related activities servicing what the Company believes are growing, durable, priority missions (Defense/IT Locations).

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