COPT Defense Properties (CDP) to Issue Quarterly Dividend of $0.31 on April 16th

COPT Defense Properties (NYSE:CDP) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.305 per share on Wednesday, April 16th. This represents a $1.22 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Monday, March 31st. This is a 3.4% increase from COPT Defense Properties’s previous quarterly dividend of $0.30.

COPT Defense Properties Price Performance

CDP stock opened at $27.28 on Friday. The firm has a 50 day moving average of $27.84 and a 200-day moving average of $30.08. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 22.18 and a beta of 0.96. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $34.22.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. As a group, equities analysts expect that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CDP. Jefferies Financial Group initiated coverage on shares of COPT Defense Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $31.00 price objective on the stock. Truist Financial upped their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.43.

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.