COPT Defense Properties (NYSE:CDP – Get Free Report) issued its earnings results on Monday. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.32), Zacks reports. The firm had revenue of $189.23 million for the quarter, compared to analyst estimates of $167.37 million. COPT Defense Properties had a negative return on equity of 7.52% and a negative net margin of 15.75%. COPT Defense Properties’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share.
COPT Defense Properties Stock Performance
Shares of NYSE:CDP traded up $0.21 on Wednesday, reaching $32.71. 228,810 shares of the company’s stock were exchanged, compared to its average volume of 834,729. The company has a fifty day moving average of $30.54 and a 200-day moving average of $27.25. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $33.05. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 26.86 and a beta of 0.99. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 1.56.
COPT Defense Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were given a dividend of $0.295 per share. The ex-dividend date was Monday, September 30th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.61%. COPT Defense Properties’s payout ratio is presently 96.72%.
Insiders Place Their Bets
Analysts Set New Price Targets
CDP has been the topic of a number of recent analyst reports. Wedbush boosted their price target on COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Evercore ISI increased their price target on COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of COPT Defense Properties from $26.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. Truist Financial raised their target price on shares of COPT Defense Properties from $27.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. Finally, Wells Fargo & Company decreased their price target on shares of COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.38.
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.
Recommended Stories
- Five stocks we like better than COPT Defense Properties
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- How to invest in marijuana stocks in 7 steps
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- What is MarketRank™? How to Use it
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Receive News & Ratings for COPT Defense Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for COPT Defense Properties and related companies with MarketBeat.com's FREE daily email newsletter.