COPT Defense Properties (NYSE:CDP) Issues Q3 2024 Earnings Guidance

Posted by Matthew Steigler on Jul 29th, 2024

COPT Defense Properties (NYSE:CDP – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Monday morning. The company provided EPS guidance of 0.630-0.650 for the period, compared to the consensus EPS estimate of 0.640. The company issued revenue guidance of -. COPT Defense Properties also updated its FY 2024 guidance to 2.540-2.580 EPS.

COPT Defense Properties Trading Down 0.0 %

Shares of COPT Defense Properties stock traded down $0.01 during trading hours on Monday, hitting $28.26. The company’s stock had a trading volume of 1,000,528 shares, compared to its average volume of 846,321. The company has a market capitalization of $3.18 billion, a PE ratio of -26.18, a price-to-earnings-growth ratio of 2.70 and a beta of 0.98. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.66 and a quick ratio of 3.66. The stock has a 50 day moving average of $25.20 and a 200 day moving average of $24.44. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $28.42.

COPT Defense Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.18 annualized dividend and a yield of 4.18%. COPT Defense Properties’s dividend payout ratio (DPR) is currently -109.26%.

Analyst Ratings Changes

Separately, Wedbush reiterated an outperform rating and set a $28.00 target price (up previously from $27.00) on shares of COPT Defense Properties in a report on Monday, April 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $27.00.

View Our Latest Research Report on COPT Defense Properties

About COPT Defense Properties

(Get Free Report)

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.