COPT Defense Properties (NYSE:CDP) Issues Earnings Results, Beats Estimates By $0.33 EPS

COPT Defense Properties (NYSE:CDP) released its quarterly earnings data on Thursday. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.33, Zacks reports. COPT Defense Properties had a net margin of 18.34% and a return on equity of 8.99%. COPT Defense Properties updated its FY 2025 guidance to 2.620-2.700 EPS and its Q1 2025 guidance to 0.640-0.660 EPS.

COPT Defense Properties Trading Up 1.7 %

Shares of NYSE:CDP traded up $0.49 during midday trading on Thursday, reaching $29.68. The company’s stock had a trading volume of 1,098,733 shares, compared to its average volume of 832,128. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 24.33 and a beta of 0.98. The business has a 50 day moving average price of $30.80 and a 200 day moving average price of $30.48. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $34.22. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.56.

COPT Defense Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Tuesday, December 31st. COPT Defense Properties’s dividend payout ratio is presently 96.72%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CDP shares. Truist Financial boosted their target price on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Jefferies Financial Group decreased their price target on COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. BTIG Research boosted their target price on COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI increased their price target on shares of COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, COPT Defense Properties presently has an average 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.