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

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

COPT Defense Properties Trading Up 1.1 %

Shares of NYSE CDP opened at $23.03 on Tuesday. COPT Defense Properties has a one year low of $21.73 and a one year high of $26.80. The firm has a market capitalization of $2.59 billion, a PE ratio of -34.37, a PEG ratio of 2.21 and a beta of 0.93. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 1.59. The business 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 company also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from COPT Defense Properties’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.12%. COPT Defense Properties’s dividend payout ratio (DPR) is -176.12%.

Analysts Set New Price Targets

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

About COPT Defense Properties

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.