COPT Defense Properties (CDP) Scheduled to Post Quarterly Earnings on Thursday

COPT Defense Properties (NYSE:CDP) will be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect COPT Defense Properties to post earnings of $0.61 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

COPT Defense Properties Stock Down 0.2 %

Shares of CDP stock opened at $22.24 on Thursday. The stock has a market cap of $2.51 billion, a P/E ratio of -33.19, a P/E/G ratio of 2.22 and a beta of 0.93. COPT Defense Properties has a 12 month low of $21.73 and a 12 month high of $26.80. The company has a 50 day simple moving average of $23.92 and a two-hundred day simple moving average of $24.21. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 1.59.

COPT Defense Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were given a $0.295 dividend. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend was Wednesday, March 27th. COPT Defense Properties’s dividend payout ratio is presently -176.12%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CDP. Truist Financial dropped their price target on shares of COPT Defense Properties from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, December 21st. Evercore ISI upgraded shares of COPT Defense Properties from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $27.00 to $28.00 in a research report on Monday, February 12th. Citigroup reiterated a “neutral” rating and issued a $25.00 price target (down from $29.00) on shares of COPT Defense Properties in a research report on Friday, March 22nd. Finally, Jefferies Financial Group upgraded shares of COPT Defense Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $26.00 to $28.00 in a research report on Wednesday, February 21st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.86.

About COPT Defense Properties

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.