COPT Defense Properties (NYSE:CDP – Get Free Report) released its quarterly earnings results on Monday. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.33), Zacks reports. COPT Defense Properties had a negative net margin of 15.75% and a negative return on equity of 7.53%. The company had revenue of $187.34 million during the quarter, compared to the consensus estimate of $166.11 million. During the same quarter last year, the firm earned $0.60 EPS. The business’s revenue was up 10.7% on a year-over-year basis.
COPT Defense Properties Price Performance
NYSE:CDP traded down $0.04 during mid-day trading on Wednesday, hitting $29.04. 118,751 shares of the company’s stock were exchanged, compared to its average volume of 842,141. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 1.58. COPT Defense Properties has a one year low of $22.20 and a one year high of $29.27. The business has a fifty day moving average price of $25.35 and a 200 day moving average price of $24.48.
COPT Defense Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.18 dividend on an annualized basis and a yield of 4.06%. COPT Defense Properties’s dividend payout ratio (DPR) is currently -109.26%.
Analyst Ratings Changes
Read Our Latest Research Report on CDP
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.
See Also
- Five stocks we like better than COPT Defense Properties
- Investing In Preferred Stock vs. Common Stock
- Joby Aviation Stock: The Case for Upside Just Got Stronger
- Stock Market Upgrades: What Are They?
- Conviction Firms for Microsoft’s Double-Digit Stock Upside
- Are Penny Stocks a Good Fit for Your Portfolio?
- 5 Aggressive Growth Stocks for Long-Term Investors
Receive News & Ratings for COPT Defense Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for COPT Defense Properties and related companies with MarketBeat.com's FREE daily email newsletter.