COPT Defense Properties (CDP) Set to Announce Quarterly Earnings on Monday

COPT Defense Properties (NYSE:CDP) will release its earnings data after the market closes on Monday, October 28th. Analysts expect COPT Defense Properties to post earnings of $0.64 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

COPT Defense Properties (NYSE:CDP) last announced its earnings results on Monday, July 29th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.33). The firm had revenue of $187.34 million during the quarter, compared to analysts’ expectations of $166.11 million. COPT Defense Properties had a negative net margin of 15.75% and a negative return on equity of 7.52%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 EPS. On average, analysts expect COPT Defense Properties to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

COPT Defense Properties Stock Up 0.8 %

Shares of NYSE CDP opened at $32.29 on Friday. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of -29.90 and a beta of 0.99. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a 52-week low of $22.20 and a 52-week high of $32.51. The business’s 50 day moving average is $30.39 and its two-hundred day moving average is $27.09.

COPT Defense Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Monday, September 30th. COPT Defense Properties’s payout ratio is -109.26%.

Insiders Place Their Bets

In other news, COO Britt A. Snider bought 1,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average price of $29.41 per share, for a total transaction of $29,410.00. Following the completion of the purchase, the chief operating officer now owns 2,000 shares in the company, valued at approximately $58,820. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wedbush boosted their target price on COPT Defense Properties from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Evercore ISI boosted their target price on COPT Defense Properties from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on COPT Defense Properties from $26.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. Truist Financial boosted their price target on shares of COPT Defense Properties from $27.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. Finally, Wells Fargo & Company dropped their price target on shares of COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

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.