COPT Defense Properties (CDP) to Release Quarterly Earnings on Thursday

COPT Defense Properties (NYSE:CDP) is set to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

COPT Defense Properties Stock Up 1.1 %

Shares of COPT Defense Properties stock opened at $23.03 on Tuesday. COPT Defense Properties has a 12-month low of $21.73 and a 12-month high of $26.80. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $2.59 billion, a P/E ratio of -34.37, a PEG ratio of 2.21 and a beta of 0.93. The stock has a 50 day moving average price of $23.85 and a two-hundred day moving average price of $24.21.

COPT Defense Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were given a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 5.12%. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, March 27th. COPT Defense Properties’s dividend payout ratio is currently -176.12%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CDP shares. Evercore ISI upgraded COPT Defense Properties from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $27.00 to $28.00 in a research note on Monday, February 12th. Jefferies Financial Group upgraded COPT Defense Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $26.00 to $28.00 in a research note on Wednesday, February 21st. Finally, Citigroup restated a “neutral” rating and issued a $25.00 target price (down from $29.00) on shares of COPT Defense Properties in a research note on Friday, March 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, COPT Defense Properties has an average rating of “Moderate Buy” and an average target price of $26.86.

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.