COPT Defense Properties (NYSE:CDP) Releases Q4 2024 Earnings Guidance

COPT Defense Properties (NYSE:CDP) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.640-0.660 for the period, compared to the consensus estimate of 0.640. The company issued revenue guidance of -. COPT Defense Properties also updated its FY 2024 guidance to 2.560-2.580 EPS.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Evercore ISI upped their price objective on COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Wedbush increased their price target on COPT Defense Properties from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on COPT Defense Properties from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Truist Financial raised their target price on shares of COPT Defense Properties from $27.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, August 29th. Finally, Wells Fargo & Company lowered their price target on shares of COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.00.

COPT Defense Properties Stock Down 0.9 %

COPT Defense Properties stock traded down $0.30 during mid-day trading on Tuesday, hitting $32.26. The company had a trading volume of 59,683 shares, compared to its average volume of 832,004. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $32.80. The business has a fifty day moving average of $30.47 and a 200 day moving average of $27.19. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 26.53 and a beta of 0.99.

COPT Defense Properties (NYSE:CDP) last issued its earnings results on Monday, July 29th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.33). COPT Defense Properties had a negative net margin of 15.75% and a negative return on equity of 7.52%. The company had revenue of $187.34 million during the quarter, compared to analyst estimates of $166.11 million. During the same quarter in the previous year, the company posted $0.60 EPS. The company’s quarterly revenue was up 10.7% on a year-over-year basis. On average, sell-side analysts expect that COPT Defense Properties will post 2.57 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were paid a $0.295 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.18 annualized dividend and a yield of 3.66%. COPT Defense Properties’s dividend payout ratio is presently 96.72%.

Insider Transactions at COPT Defense Properties

In other news, COO Britt A. Snider purchased 1,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were bought at an average price of $29.41 per share, with a total value of $29,410.00. Following the completion of the transaction, the chief operating officer now directly owns 2,000 shares in the company, valued at approximately $58,820. This represents a 100.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.06% of the company’s stock.

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.