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

COPT Defense Properties (NYSE:CDP) issued 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 net margin of 18.34% and a return on equity of 8.99%. 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 Performance

Shares of CDP traded up $0.49 during mid-day trading on Thursday, hitting $29.68. 1,098,733 shares of the company traded hands, compared to its average volume of 832,128. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.38. The stock has a 50-day moving average price of $30.80 and a two-hundred day moving average price of $30.48. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $34.22. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 24.33 and a beta of 0.98.

COPT Defense Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.18 annualized dividend and a dividend yield of 3.98%. COPT Defense Properties’s payout ratio is 96.72%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CDP. Jefferies Financial Group decreased 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 note on Thursday, January 2nd. Evercore ISI increased their price target on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial increased their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, BTIG Research raised their price objective on shares of 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, COPT Defense Properties has a consensus rating of “Moderate Buy” and a consensus price target of $32.88.

About COPT Defense Properties

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.