COPT Defense Properties (NYSE:CDP) COO Buys $29,410.00 in Stock

COPT Defense Properties (NYSE:CDP) COO Britt A. Snider bought 1,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were bought at an average price of $29.41 per share, with a total value of $29,410.00. Following the completion of the purchase, the chief operating officer now owns 2,000 shares in the company, valued at approximately $58,820. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

COPT Defense Properties Price Performance

Shares of COPT Defense Properties stock opened at $30.11 on Friday. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of -27.88, a PEG ratio of 2.79 and a beta of 0.99. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.56. The stock’s 50-day simple moving average is $28.34 and its 200-day simple moving average is $25.61. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $30.15.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.33). COPT Defense Properties had a negative return on equity of 7.52% and a negative net margin of 15.75%. The business had revenue of $187.34 million during the quarter, compared to analysts’ expectations of $166.11 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, analysts expect that COPT Defense Properties will post 2.57 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.92%. COPT Defense Properties’s dividend payout ratio is -109.26%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CDP. Wells Fargo & Company reduced 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. Wedbush increased their price target 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. Truist Financial boosted their price objective on shares of COPT Defense Properties from $27.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. raised their target price on COPT Defense Properties from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Finally, Evercore ISI boosted their price target on COPT Defense Properties from $28.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Hedge Funds Weigh In On COPT Defense Properties

Several institutional investors have recently bought and sold shares of CDP. Global Retirement Partners LLC bought a new position in shares of COPT Defense Properties during the 1st quarter valued at about $36,000. Heritage Wealth Advisors bought a new stake in shares of COPT Defense Properties in the first quarter worth about $39,000. Spirit of America Management Corp NY purchased a new stake in shares of COPT Defense Properties in the second quarter worth about $50,000. Quarry LP boosted its stake in COPT Defense Properties by 711.4% during the second quarter. Quarry LP now owns 3,481 shares of the company’s stock valued at $87,000 after buying an additional 3,052 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new position in COPT Defense Properties during the 1st quarter valued at approximately $100,000.

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.