Analysts Set COPT Defense Properties (NYSE:CDP) Target Price at $26.86

Shares of COPT Defense Properties (NYSE:CDPGet Free Report) have earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $26.86.

A number of equities analysts have commented on the company. Evercore ISI raised COPT Defense Properties from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $27.00 to $28.00 in a research note on Monday, February 12th. Jefferies Financial Group raised COPT Defense Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $26.00 to $28.00 in a research note on Wednesday, February 21st. Citigroup reissued a “neutral” rating and issued a $25.00 price objective (down previously from $29.00) on shares of COPT Defense Properties in a research note on Friday, March 22nd. Truist Financial reduced their price objective on COPT Defense Properties from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, December 21st. Finally, JPMorgan Chase & Co. lowered COPT Defense Properties from an “overweight” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research note on Monday, December 18th.

Check Out Our Latest Analysis on CDP

COPT Defense Properties Price Performance

Shares of CDP stock opened at $22.85 on Thursday. The stock’s fifty day simple moving average is $23.95 and its 200 day simple moving average is $24.24. The company has a debt-to-equity ratio of 1.59, a current ratio of 3.36 and a quick ratio of 3.36. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of -34.10, a P/E/G ratio of 2.25 and a beta of 0.93. COPT Defense Properties has a one year low of $21.73 and a one year high of $26.80.

COPT Defense Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 5.16%. The ex-dividend date is Wednesday, March 27th. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.29. COPT Defense Properties’s dividend payout ratio is -176.12%.

COPT Defense Properties Company Profile

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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.

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Analyst Recommendations for COPT Defense Properties (NYSE:CDP)

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