COPT Defense Properties (NYSE:CDP) Posts Quarterly Earnings Results

COPT Defense Properties (NYSE:CDP) posted its quarterly earnings results on Thursday. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.33, Zacks reports. COPT Defense Properties had a return on equity of 9.08% and a net margin of 18.44%. COPT Defense Properties updated its FY 2025 guidance to 2.620-2.700 EPS and its Q1 2025 guidance to 0.640-0.660 EPS.

COPT Defense Properties Stock Down 0.7 %

COPT Defense Properties stock opened at $29.53 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.38 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 $34.22. The company has a fifty day simple moving average of $30.67 and a 200 day simple moving average of $30.49. The company has a market cap of $3.33 billion, a P/E ratio of 24.00 and a beta of 0.98.

COPT Defense Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend was Tuesday, December 31st. COPT Defense Properties’s dividend payout ratio (DPR) is currently 95.93%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CDP shares. Jefferies Financial Group decreased their target price on COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Evercore ISI upped their target price on shares of COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial upped their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Finally, BTIG Research boosted their target price on COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, COPT Defense Properties presently has an average rating of “Moderate Buy” and a consensus price target of $32.88.

COPT Defense Properties Company Profile

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.