COPT Defense Properties (CDP) Set to Announce Earnings on Monday

COPT Defense Properties (NYSE:CDP) will be releasing its earnings data after the market closes on Monday, October 28th. Analysts expect COPT Defense Properties to post earnings of $0.64 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data on Monday, July 29th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.33). The company had revenue of $187.34 million for the quarter, compared to analyst estimates of $166.11 million. COPT Defense Properties had a negative return on equity of 7.52% and a negative net margin of 15.75%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. 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 Stock Down 0.2 %

Shares of NYSE:CDP opened at $32.36 on Monday. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $32.51. The firm has a market cap of $3.65 billion, a P/E ratio of -31.12 and a beta of 0.99. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.56. The company’s 50-day moving average price is $30.06 and its two-hundred day moving average price is $26.83.

COPT Defense Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were issued a dividend of $0.295 per share. The ex-dividend date was Monday, September 30th. This represents a $1.18 annualized dividend and a yield of 3.65%. COPT Defense Properties’s dividend payout ratio is currently -113.46%.

Insider Buying and Selling

In other COPT Defense Properties news, COO Britt A. Snider bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of $29.41 per share, with a total value of $29,410.00. Following the acquisition, the chief operating officer now owns 2,000 shares of the company’s stock, valued at $58,820. The trade was a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CDP shares. Wedbush lifted their price target on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Truist Financial increased their price target on COPT Defense Properties from $27.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, August 29th. Wells Fargo & Company cut their price objective on COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. JPMorgan Chase & Co. increased their target price 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. Finally, Evercore ISI raised their target price on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.00.

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.