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

COPT Defense Properties (NYSE:CDP - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect COPT Defense Properties to post earnings of $0.32 per share and revenue of $187.11 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $189.23 million for the quarter, compared to the consensus estimate of $167.37 million. During the same quarter last year, the business earned $0.60 EPS. COPT Defense Properties's revenue was up 12.3% on a year-over-year basis. 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 Price Performance

COPT Defense Properties stock traded up $0.82 during mid-day trading on Thursday, reaching $29.46. 917,227 shares of the company were exchanged, compared to its average volume of 789,644. The company has a fifty day simple moving average of $31.08 and a 200-day simple moving average of $30.40. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a market cap of $3.32 billion, a PE ratio of 24.15 and a beta of 0.99.

COPT Defense Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.18 annualized dividend and a dividend yield of 4.01%. COPT Defense Properties's payout ratio is 96.72%.

Analyst Ratings Changes

CDP has been the subject of a number of research analyst reports. BTIG Research boosted their price target on COPT Defense Properties from $33.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Truist Financial boosted their price target on COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Evercore ISI boosted their price target on COPT Defense Properties from $33.00 to $36.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group lowered their price target on COPT Defense Properties from $37.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.88.

About COPT Defense Properties

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.