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

COPT Defense Properties (NYSE:CDP) is projected to issue 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 are interested in participating in the company’s conference call can do so using this link.

COPT Defense Properties Stock Down 0.9 %

Shares of NYSE:CDP opened at $29.17 on Tuesday. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $34.22. The company has a market cap of $3.29 billion, a PE ratio of 23.91 and a beta of 0.99. 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 stock’s 50-day moving average is $31.00 and its 200 day moving average is $30.45.

COPT Defense Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.05%. COPT Defense Properties’s dividend payout ratio (DPR) is 96.72%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CDP shares. Truist Financial upped their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Jefferies Financial Group reduced their price objective on 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. Evercore ISI increased their price target on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, BTIG Research raised their price objective on COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, COPT Defense Properties currently has an average rating of “Moderate Buy” and a consensus 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.