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

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

COPT Defense Properties Price Performance

Shares of NYSE CDP opened at $23.10 on Wednesday. COPT Defense Properties has a 1 year low of $21.73 and a 1 year high of $26.80. The company has a debt-to-equity ratio of 1.59, a current ratio of 3.36 and a quick ratio of 3.36. The company’s 50-day moving average is $23.84 and its 200 day moving average is $24.21. The stock has a market capitalization of $2.60 billion, a P/E ratio of -34.48, a P/E/G ratio of 2.21 and a beta of 0.93.

COPT Defense Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.29. COPT Defense Properties’s dividend payout ratio is -176.12%.

Wall Street Analysts Forecast Growth

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