COPT Defense Properties (NYSE:CDP) Price Target Cut to $35.00 by Analysts at Jefferies Financial Group

COPT Defense Properties (NYSE:CDP) had its price objective lowered by equities researchers at Jefferies Financial Group from $37.00 to $35.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 13.49% from the company’s previous close.

CDP has been the topic of several other research reports. 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 report on Wednesday, September 4th. BTIG Research lifted their price objective on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Evercore ISI boosted their target price on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company cut their price target on COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Finally, Truist Financial upped their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.88.

COPT Defense Properties Stock Down 0.4 %

Shares of NYSE:CDP traded down $0.11 during trading on Thursday, hitting $30.84. The company’s stock had a trading volume of 69,314 shares, compared to its average volume of 886,256. COPT Defense Properties has a fifty-two week low of $22.20 and a fifty-two week high of $34.22. The business has a 50 day moving average price of $31.86 and a two-hundred day moving average price of $29.74. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.38. The company has a market capitalization of $3.48 billion, a PE ratio of 25.28 and a beta of 0.98.

COPT Defense Properties (NYSE:CDP) last released its earnings results on Monday, October 28th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.32). The company had revenue of $189.23 million for the quarter, compared to analyst estimates of $167.37 million. COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 earnings per share. As a group, research analysts expect that COPT Defense Properties will post 2.58 EPS for the current fiscal year.

Institutional Investors Weigh In On COPT Defense Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of COPT Defense Properties in the 3rd quarter valued at $91,000. Quarry LP grew its position in COPT Defense Properties by 711.4% during the 2nd quarter. Quarry LP now owns 3,481 shares of the company’s stock worth $87,000 after purchasing an additional 3,052 shares during the last quarter. KBC Group NV increased its stake in COPT Defense Properties by 28.3% in the third quarter. KBC Group NV now owns 3,810 shares of the company’s stock valued at $116,000 after purchasing an additional 840 shares during the period. Spirit of America Management Corp NY raised its holdings in shares of COPT Defense Properties by 100.0% in the third quarter. Spirit of America Management Corp NY now owns 4,000 shares of the company’s stock valued at $121,000 after buying an additional 2,000 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of COPT Defense Properties by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,372 shares of the company’s stock worth $134,000 after buying an additional 1,130 shares during the period.

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.