COPT Defense Properties (NYSE:CDP) Increases Dividend to $0.31 Per Share

COPT Defense Properties (NYSE:CDP) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.305 per share on Wednesday, April 16th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date is Monday, March 31st. This is an increase from COPT Defense Properties’s previous quarterly dividend of $0.30.

COPT Defense Properties Price Performance

CDP opened at $26.77 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22. The company has a fifty day simple moving average of $29.66 and a 200 day simple moving average of $30.44. The stock has a market cap of $3.02 billion, a P/E ratio of 21.76 and a beta of 0.98.

COPT Defense Properties (NYSE:CDP) last released its earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. On average, research analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Evercore ISI boosted their price objective on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. BTIG Research lifted their price target on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Jefferies Financial Group dropped their price target on shares of 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, COPT Defense Properties currently has an average rating of “Moderate Buy” and an average 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.