COPT Defense Properties (NYSE:CDP) Shares Up 1.2% – What’s Next?

Shares of COPT Defense Properties (NYSE:CDP) shot up 1.2% during trading on Monday . The stock traded as high as $33.33 and last traded at $33.00. 168,724 shares were traded during mid-day trading, a decline of 81% from the average session volume of 879,785 shares. The stock had previously closed at $32.62.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CDP shares. JPMorgan Chase & Co. raised their target price on shares of COPT Defense Properties from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. BTIG Research lifted their target price on 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 increased their price target on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Evercore ISI lifted their price objective on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their target price 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

COPT Defense Properties Trading Down 1.7 %

The company has a 50-day moving average price of $31.87 and a two-hundred day moving average price of $28.96. The stock has a market cap of $3.66 billion, a P/E ratio of 26.63 and a beta of 0.98. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.32 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, research analysts expect that COPT Defense Properties will post 2.58 EPS for the current fiscal year.

COPT Defense Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.295 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.18 annualized dividend and a yield of 3.63%. COPT Defense Properties’s payout ratio is 96.72%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans lifted its stake in shares of COPT Defense Properties by 32.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 55,516 shares of the company’s stock worth $1,684,000 after acquiring an additional 13,606 shares during the last quarter. Intech Investment Management LLC increased its stake in COPT Defense Properties by 82.3% in the third quarter. Intech Investment Management LLC now owns 38,874 shares of the company’s stock worth $1,179,000 after purchasing an additional 17,553 shares during the period. Millennium Management LLC lifted its position in shares of COPT Defense Properties by 65.3% during the second quarter. Millennium Management LLC now owns 3,274,008 shares of the company’s stock worth $81,948,000 after purchasing an additional 1,293,761 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of COPT Defense Properties by 66.5% during the second quarter. Hsbc Holdings PLC now owns 233,928 shares of the company’s stock valued at $5,808,000 after purchasing an additional 93,396 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of COPT Defense Properties by 173.3% in the second quarter. SG Americas Securities LLC now owns 36,678 shares of the company’s stock worth $918,000 after purchasing an additional 23,257 shares during 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.