Shares of COPT Defense Properties (NYSE:CDP – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $27.00.
A number of research analysts recently weighed in on CDP shares. Citigroup reaffirmed a “neutral” rating and issued a $25.00 target price (down previously from $29.00) on shares of COPT Defense Properties in a research report on Friday, March 22nd. Jefferies Financial Group raised shares of COPT Defense Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $26.00 to $28.00 in a research report on Wednesday, February 21st. Evercore ISI raised shares of COPT Defense Properties from an “in-line” rating to an “outperform” rating and raised their target price for the company from $27.00 to $28.00 in a research report on Monday, February 12th. Finally, Wedbush reissued an “outperform” rating and issued a $28.00 price objective (up previously from $27.00) on shares of COPT Defense Properties in a research report on Monday, April 29th.
Read Our Latest Stock Analysis on CDP
COPT Defense Properties Trading Down 0.6 %
COPT Defense Properties Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were paid a $0.295 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.18 dividend on an annualized basis and a yield of 4.79%. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.29. COPT Defense Properties’s dividend payout ratio is -109.26%.
Institutional Trading of COPT Defense Properties
Hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in COPT Defense Properties during the first quarter worth about $36,000. Heritage Wealth Advisors bought a new stake in COPT Defense Properties during the first quarter worth about $39,000. Securian Asset Management Inc. bought a new stake in COPT Defense Properties during the first quarter worth about $223,000. Entropy Technologies LP bought a new stake in COPT Defense Properties during the first quarter worth about $232,000. Finally, Central Pacific Bank Trust Division bought a new stake in COPT Defense Properties during the first quarter worth about $234,000.
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.
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