COPT Defense Properties (NYSE:CDP – Get Free Report) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.54-2.58 for the period, compared to the consensus estimate of $2.54. COPT Defense Properties also updated its Q3 guidance to $0.63-0.65 EPS.
Wall Street Analyst Weigh In
Separately, Wedbush reiterated an outperform rating and set a $28.00 target price (up from $27.00) on shares of COPT Defense Properties in a research report on Monday, April 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, COPT Defense Properties presently has an average rating of Moderate Buy and a consensus price target of $27.00.
View Our Latest Report on COPT Defense Properties
COPT Defense Properties Stock Performance
COPT Defense Properties Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th were issued a $0.295 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.17%. COPT Defense Properties’s dividend payout ratio (DPR) is presently -109.26%.
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.
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