COPT Defense Properties (NYSE:CDP) Announces Earnings Results, Misses Estimates By $0.33 EPS

COPT Defense Properties (NYSE:CDP) posted its quarterly earnings data on Monday. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.33), Zacks reports. COPT Defense Properties had a negative return on equity of 7.53% and a negative net margin of 15.75%. The company had revenue of $187.34 million for the quarter, compared to the consensus estimate of $166.11 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year.

COPT Defense Properties Stock Down 0.4 %

Shares of CDP traded down $0.13 during trading hours on Wednesday, reaching $28.95. The company’s stock had a trading volume of 265,323 shares, compared to its average volume of 843,145. The company has a 50 day moving average of $25.35 and a two-hundred day moving average of $24.48. COPT Defense Properties has a 1-year low of $22.20 and a 1-year high of $29.27. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of -26.81, a P/E/G ratio of 2.70 and a beta of 0.98. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 1.58.

COPT Defense Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th were given a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 4.08%. The ex-dividend date was Friday, June 28th. COPT Defense Properties’s dividend payout ratio (DPR) is presently -109.26%.

Analyst Ratings Changes

A number of research firms recently commented on CDP. Evercore ISI raised their price target on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wedbush restated an “outperform” rating and issued a $28.00 price objective (up from $27.00) on shares of COPT Defense Properties in a research report on Monday, April 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $27.71.

COPT Defense Properties Company Profile

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.