COPT Defense Properties (NYSE:CDP) Coverage Initiated at Jefferies Financial Group

Investment analysts at Jefferies Financial Group started coverage on shares of COPT Defense Properties (NYSE:CDP) in a research report issued to clients and investors on Monday. The firm set a “buy” rating and a $31.00 price target on the stock. Jefferies Financial Group’s price target indicates a potential upside of 15.48% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. BTIG Research lifted their target price on COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Truist Financial lifted their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, COPT Defense Properties has an average rating of “Moderate Buy” and a consensus target price of $32.38.

COPT Defense Properties Stock Performance

NYSE CDP opened at $26.85 on Monday. The firm’s 50 day simple moving average is $28.36 and its 200 day simple moving average is $30.25. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 21.83 and a beta of 0.96. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $34.22.

COPT Defense Properties (NYSE:CDP) last issued its earnings results on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. As a group, research analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

Institutional Trading of COPT Defense Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jefferies Financial Group Inc. increased its stake in shares of COPT Defense Properties by 237.7% in the fourth quarter. Jefferies Financial Group Inc. now owns 54,399 shares of the company’s stock valued at $1,684,000 after buying an additional 38,288 shares during the period. GF Fund Management CO. LTD. bought a new stake in COPT Defense Properties during the fourth quarter valued at $63,000. Woodline Partners LP grew its holdings in COPT Defense Properties by 3.1% during the 4th quarter. Woodline Partners LP now owns 316,157 shares of the company’s stock worth $9,785,000 after acquiring an additional 9,485 shares during the period. State of Wyoming bought a new position in shares of COPT Defense Properties in the 4th quarter worth about $414,000. Finally, ProShare Advisors LLC raised its position in shares of COPT Defense Properties by 41.3% in the 4th quarter. ProShare Advisors LLC now owns 36,970 shares of the company’s stock worth $1,144,000 after acquiring an additional 10,801 shares in the last quarter.

COPT Defense Properties Company Profile

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.