COPT Defense Properties (NYSE:CDP) Shares Set to Pay Quarterly Dividend of $0.32

COPT Defense Properties (NYSE:CDP) announced a quarterly dividend on Thursday, November 12th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.32 per share on Friday, January 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, December 31st.

COPT Defense Properties Stock Performance

Shares of COPT Defense Properties stock opened at $32.65 on Friday. The stock has a market cap of $3.70 billion, a PE ratio of 22.06 and a beta of 0.79. The business has a fifty day simple moving average of $33.80 and a 200-day simple moving average of $33.70. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.62. COPT Defense Properties has a 12 month low of $27.06 and a 12 month high of $38.90.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06. COPT Defense Properties had a return on equity of 10.80% and a net margin of 21.17%. The firm had revenue of $208.76 million for the quarter, compared to analyst estimates of $190.43 million. On average, sell-side analysts anticipate that COPT Defense Properties will post 2.79 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Citigroup dropped their target price on COPT Defense Properties from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, November 4th. Weiss Ratings restated a “buy (b)” rating on shares of COPT Defense Properties in a report on Thursday, October 15th. Truist Financial boosted their price objective on shares of COPT Defense Properties from $34.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, August 24th. Evercore reiterated an “outperform” rating and issued a $42.00 price objective on shares of COPT Defense Properties in a research note on Monday, July 27th. Finally, Wells Fargo & Company increased their target price on shares of COPT Defense Properties from $36.00 to $41.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 1st. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $37.50.

About COPT Defense Properties

COPT Defense Properties is a real estate investment trust that owns, operates and develops properties primarily for tenants in the U.S. defense, intelligence and information technology sectors. Its portfolio includes office and other mission-critical facilities designed to support government agencies and the contractors and technology companies that serve them. The company’s properties are concentrated in locations with significant defense and government activity, including the greater Washington, D.C., region and other U.S. markets.