COPT Defense Properties (CDP) Expected to Announce Earnings on Thursday

COPT Defense Properties (NYSE:CDP) is expected to be issuing its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $187.11 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

COPT Defense Properties (NYSE:CDP) last posted its earnings results on Monday, October 28th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.32). COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. The firm had revenue of $189.23 million during the quarter, compared to the consensus estimate of $167.37 million. During the same period in the previous year, the company posted $0.60 EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts expect COPT Defense Properties to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

COPT Defense Properties Trading Down 2.2 %

Shares of CDP stock opened at $28.69 on Thursday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $3.23 billion, a P/E ratio of 23.51 and a beta of 0.99. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $34.22. The firm has a 50-day moving average price of $31.12 and a 200 day moving average price of $30.41.

COPT Defense Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Tuesday, December 31st. COPT Defense Properties’s dividend payout ratio (DPR) is currently 96.72%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CDP shares. Evercore ISI raised their price target on COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. BTIG Research upped their price target on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Truist Financial increased their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Jefferies Financial Group dropped their target price on shares of COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.