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

COPT Defense Properties (NYSE:CDP - Get Free Report) is scheduled to 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. Investors that wish to listen to the company's conference call can do so using this link.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.33). The firm had revenue of $187.34 million for the quarter, compared to analyst estimates of $166.11 million. COPT Defense Properties had a negative net margin of 15.75% and a negative return on equity of 7.52%. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. 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 1.4 %

Shares of NYSE CDP traded down $0.46 during midday trading on Monday, reaching $31.90. 479,382 shares of the stock were exchanged, compared to its average volume of 836,785. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $32.51. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of -29.54 and a beta of 0.99. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.17 and a quick ratio of 3.17. The business has a 50-day simple moving average of $30.13 and a two-hundred day simple moving average of $26.88.

COPT Defense Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Monday, September 30th. COPT Defense Properties's payout ratio is presently -109.26%.

Insider Activity at COPT Defense Properties

In other COPT Defense Properties news, COO Britt A. Snider purchased 1,000 shares of the business's stock in a transaction on Tuesday, September 10th. The shares were purchased at an average cost of $29.41 per share, with a total value of $29,410.00. Following the transaction, the chief operating officer now directly owns 2,000 shares of the company's stock, valued at $58,820. This represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CDP has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on COPT Defense Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday, September 11th. 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. Truist Financial lifted their price target on shares of COPT Defense Properties from $27.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. increased their price objective on shares of COPT Defense Properties from $26.00 to $31.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 4th. Finally, Wedbush boosted their price objective on shares of COPT Defense Properties from $28.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, COPT Defense Properties has a consensus rating of "Moderate Buy" and a consensus price target of $30.00.

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.