COPT Defense Properties (CDP) To Go Ex-Dividend on March 31st

COPT Defense Properties (NYSE:CDP) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.305 per share on Wednesday, April 16th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.30.

COPT Defense Properties Trading Up 0.1 %

COPT Defense Properties stock opened at $26.77 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. The business’s 50-day simple moving average is $29.66 and its 200-day simple moving average is $30.44. The firm has a market capitalization of $3.02 billion, a PE ratio of 21.76 and a beta of 0.98. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $34.22.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on CDP shares. Jefferies Financial Group lowered their price target on COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Truist Financial boosted their price target on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Evercore ISI lifted their price objective on COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, BTIG Research lifted their price objective on COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.88.

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.