COPT Defense Properties (NYSE:CDP) Receives Consensus Rating of “Moderate Buy” from Brokerages

COPT Defense Properties (NYSE:CDP) has received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $27.00.

Separately, Wedbush reaffirmed an “outperform” rating and set a $28.00 target price (up from $27.00) on shares of COPT Defense Properties in a research report on Monday, April 29th.

Institutional Trading of COPT Defense Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. bought a new stake in COPT Defense Properties in the first quarter valued at about $407,496,000. Earnest Partners LLC acquired a new position in COPT Defense Properties in the first quarter valued at approximately $129,344,000. Westwood Holdings Group Inc. acquired a new position in COPT Defense Properties in the first quarter valued at approximately $90,045,000. Sei Investments Co. acquired a new position in COPT Defense Properties in the first quarter valued at approximately $43,731,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in COPT Defense Properties in the first quarter valued at approximately $21,211,000.

COPT Defense Properties Trading Down 1.0 %

NYSE:CDP opened at $27.23 on Friday. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $27.92. The firm has a market capitalization of $3.07 billion, a PE ratio of -25.21, a price-to-earnings-growth ratio of 2.60 and a beta of 0.98. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.66 and a quick ratio of 3.66. The business’s 50-day moving average is $25.06 and its two-hundred day moving average is $24.41.

COPT Defense Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend was Friday, June 28th. COPT Defense Properties’s dividend payout ratio is currently -109.26%.

About COPT Defense Properties

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.