COPT Defense Properties (NYSE:CDP) Declares $0.32 Quarterly Dividend

COPT Defense Properties (NYSE:CDP) announced a quarterly dividend on Thursday, May 14th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.32 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, June 30th.

COPT Defense Properties has raised its dividend payment by an average of 0.0%per year over the last three years.

COPT Defense Properties Trading Down 0.2%

NYSE:CDP opened at $31.64 on Friday. COPT Defense Properties has a one year low of $26.44 and a one year high of $33.29. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.85 and a current ratio of 2.85. The firm has a market cap of $3.59 billion, a P/E ratio of 22.93 and a beta of 0.80. The firm has a 50-day simple moving average of $31.73 and a 200-day simple moving average of $30.53.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.34). COPT Defense Properties had a net margin of 20.10% and a return on equity of 10.02%. The business had revenue of $200.64 million during the quarter, compared to the consensus estimate of $185.10 million. During the same quarter in the prior year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. COPT Defense Properties has set its FY 2026 guidance at 2.730-2.790 EPS and its Q2 2026 guidance at 0.680-0.700 EPS. Equities analysts anticipate that COPT Defense Properties will post 2.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CDP has been the subject of several recent research reports. Truist Financial boosted their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings upgraded shares of COPT Defense Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. Cantor Fitzgerald restated an “overweight” rating and issued a $37.00 price target on shares of COPT Defense Properties in a report on Wednesday, April 29th. Citigroup boosted their price target on shares of COPT Defense Properties from $29.00 to $34.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Finally, Jefferies Financial Group boosted their price target on shares of COPT Defense Properties from $33.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, COPT Defense Properties presently has an average rating of “Moderate Buy” and an average price target of $34.38.

COPT Defense Properties Company Profile

COPT Defense Properties (NYSE: CDP) is a real estate investment trust organized to own, lease and manage healthcare and life science facilities serving the United States federal government, with a particular focus on Department of Defense and Veterans Affairs tenants. The company was formed in 2016 through a spin-off from Corporate Office Properties Trust, enabling it to concentrate exclusively on medical office buildings and specialized research facilities situated on or near military and federal research campuses.

The company’s portfolio comprises purpose-built, Class A medical office and outpatient specialty clinics, as well as life science laboratories.