BTIG Research Issues Positive Forecast for COPT Defense Properties (NYSE:CDP) Stock Price

COPT Defense Properties (NYSE:CDP) had its price target boosted by BTIG Research from $33.00 to $38.00 in a research report released on Wednesday,Benzinga reports. BTIG Research currently has a buy rating on the stock.

Several other research firms have also recently issued reports on CDP. Truist Financial boosted their target price on COPT Defense Properties from $27.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, August 29th. Wells Fargo & Company cut their price objective on COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. Wedbush boosted their target price on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their price target on shares of COPT Defense Properties from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Finally, Evercore ISI boosted their price objective on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.75.

COPT Defense Properties Price Performance

COPT Defense Properties stock opened at $32.83 on Wednesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.38 and a quick ratio of 2.38. The business has a 50 day simple moving average of $31.47 and a 200-day simple moving average of $28.42. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22. The stock has a market capitalization of $3.70 billion, a PE ratio of 26.91 and a beta of 0.98.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.32). COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. The firm had revenue of $189.23 million for the quarter, compared to analysts’ expectations of $167.37 million. During the same quarter in the previous year, the company posted $0.60 EPS. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities analysts predict that COPT Defense Properties will post 2.57 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.295 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.18 annualized dividend and a dividend yield of 3.59%. COPT Defense Properties’s dividend payout ratio is presently 96.72%.

Insider Buying and Selling at COPT Defense Properties

In other COPT Defense Properties news, COO Britt A. Snider purchased 1,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average cost of $29.41 per share, for a total transaction of $29,410.00. Following the completion of the transaction, the chief operating officer now directly owns 2,000 shares of the company’s stock, valued at $58,820. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On COPT Defense Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. Spirit of America Management Corp NY acquired a new position in shares of COPT Defense Properties in the second quarter worth $50,000. Quarry LP raised its stake in COPT Defense Properties by 711.4% in the 2nd quarter. Quarry LP now owns 3,481 shares of the company’s stock valued at $87,000 after purchasing an additional 3,052 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in COPT Defense Properties in the 3rd quarter valued at about $91,000. Lazard Asset Management LLC acquired a new stake in shares of COPT Defense Properties during the 1st quarter worth about $102,000. Finally, KBC Group NV grew its holdings in shares of COPT Defense Properties by 28.3% during the third quarter. KBC Group NV now owns 3,810 shares of the company’s stock worth $116,000 after buying an additional 840 shares in the last quarter.

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.