COPT Defense Properties (NYSE:CDP) Receives $33.43 Average PT from Brokerages

COPT Defense Properties (NYSE:CDP - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $33.14.

CDP has been the subject of a number of research reports. Wells Fargo & Company decreased their price objective on shares of COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating for the company in a report on Monday. Jefferies Financial Group initiated coverage on shares of COPT Defense Properties in a report on Monday, March 17th. They issued a "buy" rating and a $31.00 price objective for the company.

Insider Buying and Selling

In related news, Director Robert L. Denton sold 4,398 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $26.70, for a total value of $117,426.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company's stock.

Institutional Investors Weigh In On COPT Defense Properties

Several institutional investors have recently bought and sold shares of the stock. Barclays PLC raised its position in COPT Defense Properties by 87.6% in the third quarter. Barclays PLC now owns 218,999 shares of the company's stock worth $6,643,000 after acquiring an additional 102,280 shares in the last quarter. USA Financial Formulas bought a new stake in COPT Defense Properties in the fourth quarter worth about $90,000. ZWJ Investment Counsel Inc. bought a new stake in COPT Defense Properties in the fourth quarter worth about $203,000. Blue Trust Inc. raised its position in COPT Defense Properties by 20.8% in the fourth quarter. Blue Trust Inc. now owns 16,938 shares of the company's stock worth $514,000 after acquiring an additional 2,917 shares in the last quarter. Finally, KBC Group NV raised its position in COPT Defense Properties by 33.4% in the fourth quarter. KBC Group NV now owns 5,081 shares of the company's stock worth $157,000 after acquiring an additional 1,271 shares in the last quarter.

COPT Defense Properties Stock Down 1.8%

Shares of CDP stock traded down $0.49 during mid-day trading on Friday, reaching $26.99. 718,513 shares of the company were exchanged, compared to its average volume of 928,753. COPT Defense Properties has a fifty-two week low of $23.47 and a fifty-two week high of $34.22. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. The company has a market capitalization of $3.05 billion, a P/E ratio of 21.94 and a beta of 0.86. The business's 50 day simple moving average is $26.53 and its 200 day simple moving average is $28.78.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.65 EPS for the quarter, hitting analysts' consensus estimates of $0.65. The firm had revenue of $187.86 million during the quarter, compared to the consensus estimate of $186.37 million. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. The firm's revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 earnings per share. Research analysts predict that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Monday, June 30th will be issued a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Monday, June 30th. COPT Defense Properties's payout ratio is currently 97.60%.

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.