COPT Defense Properties (NYSE:CDP) Raises Dividend to $0.31 Per Share

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 paid a dividend of 0.305 per share on Wednesday, April 16th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.57%. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30.

COPT Defense Properties Price Performance

NYSE:CDP traded down $0.14 during mid-day trading on Thursday, hitting $26.72. 2,129,287 shares of the stock traded hands, compared to its average volume of 994,806. The business’s 50-day moving average price is $29.89 and its 200 day moving average price is $30.47. The company has a market cap of $3.01 billion, a PE ratio of 21.72 and a beta of 0.98. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $34.22. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CDP shares. Evercore ISI raised their price target on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. BTIG Research upped their price objective on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Jefferies Financial Group decreased their price objective on shares of COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Finally, Truist Financial upped their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.