COPT Defense Properties (NYSE:CDP) Stock Rating Reaffirmed by Wedbush

COPT Defense Properties (NYSE:CDP)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a research report issued on Monday, Marketbeat.com reports. They presently have a $28.00 price objective on the stock, up from their previous price objective of $27.00. Wedbush’s price objective would indicate a potential upside of 16.72% from the company’s current price.

Several other brokerages have also issued reports on CDP. Jefferies Financial Group raised shares of COPT Defense Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $26.00 to $28.00 in a research note on Wednesday, February 21st. Evercore ISI raised shares of COPT Defense Properties from an “in-line” rating to an “outperform” rating and raised their target price for the company from $27.00 to $28.00 in a research note on Monday, February 12th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $25.00 target price (down previously from $29.00) on shares of COPT Defense Properties in a research note on Friday, March 22nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

COPT Defense Properties Stock Up 0.3 %

Shares of NYSE CDP opened at $23.99 on Monday. The firm has a market capitalization of $2.70 billion, a PE ratio of -22.21, a price-to-earnings-growth ratio of 2.29 and a beta of 0.93. The company has a current ratio of 3.66, a quick ratio of 3.36 and a debt-to-equity ratio of 1.58. COPT Defense Properties has a 1 year low of $21.76 and a 1 year high of $26.80. The firm’s 50-day moving average is $23.76 and its 200-day moving average is $24.18.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Retirement Systems of Alabama bought a new position in COPT Defense Properties in the first quarter valued at approximately $12,119,000. Principal Financial Group Inc. bought a new position in COPT Defense Properties in the first quarter valued at approximately $10,296,000. Securian Asset Management Inc. acquired a new stake in shares of COPT Defense Properties in the first quarter valued at approximately $223,000. Yousif Capital Management LLC acquired a new stake in shares of COPT Defense Properties in the first quarter valued at approximately $1,236,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of COPT Defense Properties in the first quarter valued at approximately $21,211,000.

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.