COPT Defense Properties (CDP) Projected to Post Earnings on Thursday

COPT Defense Properties (NYSE:CDP) is anticipated to release its earnings data after the market closes on Thursday, February 6th. Analysts expect COPT Defense Properties to post earnings of $0.32 per share and revenue of $187.11 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

COPT Defense Properties Price Performance

NYSE:CDP opened at $29.39 on Wednesday. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $34.22. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 24.09 and a beta of 0.98. The company’s 50-day moving average is $30.94 and its two-hundred day moving average is $30.47. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56.

COPT Defense Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Tuesday, December 31st. COPT Defense Properties’s payout ratio is 96.72%.

Analyst Upgrades and Downgrades

Several research firms have commented on CDP. Jefferies Financial Group lowered their target price on shares of COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. BTIG Research lifted their price objective on COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Evercore ISI increased their target price on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Truist Financial lifted their price target on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, COPT Defense Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.88.

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.