COPT Defense Properties Announces Quarterly Dividend of $0.30 (NYSE:CDP)

COPT Defense Properties (NYSE:CDP) declared a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.295 per share on Wednesday, January 15th. This represents a $1.18 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Tuesday, December 31st.

COPT Defense Properties Stock Down 1.3 %

CDP stock opened at $31.04 on Friday. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $34.22. The company has a fifty day simple moving average of $31.92 and a 200 day simple moving average of $29.60. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The firm has a market cap of $3.50 billion, a PE ratio of 25.44 and a beta of 0.98.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.32). COPT Defense Properties had a net margin of 18.34% and a return on equity of 8.99%. The company had revenue of $189.23 million for the quarter, compared to analyst estimates of $167.37 million. During the same period in the prior year, the company posted $0.60 EPS. The business’s revenue was up 12.3% on a year-over-year basis. Sell-side analysts anticipate that COPT Defense Properties will post 2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CDP has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Truist Financial upped 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. JPMorgan Chase & Co. lifted their price objective on COPT Defense Properties from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. BTIG Research increased their target price on COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Evercore ISI lifted their price target on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

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.