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

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

COPT Defense Properties Trading Down 0.4 %

COPT Defense Properties stock traded down $0.11 during midday trading on Wednesday, reaching $28.97. The stock had a trading volume of 1,875,480 shares, compared to its average volume of 854,174. The stock has a market capitalization of $3.26 billion, a PE ratio of -26.81, a price-to-earnings-growth ratio of 2.70 and a beta of 0.98. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.66 and a current ratio of 3.66. The stock’s 50-day simple moving average is $25.35 and its 200 day simple moving average is $24.48. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $29.30.

COPT Defense Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were given a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Friday, June 28th. COPT Defense Properties’s dividend payout ratio (DPR) is currently -109.26%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CDP shares. Wedbush reissued an “outperform” rating and set a $28.00 price objective (up previously from $27.00) on shares of COPT Defense Properties in a research note on Monday, April 29th. Evercore ISI raised their price objective on COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.