COPT Defense Properties (NYSE:CDP – Get Free Report) released its quarterly earnings data on Monday. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.32), Zacks reports. COPT Defense Properties had a negative net margin of 15.75% and a negative return on equity of 7.52%. The business had revenue of $189.23 million during the quarter, compared to analyst estimates of $167.37 million. During the same period in the previous year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis.
COPT Defense Properties Price Performance
NYSE CDP traded up $0.20 on Wednesday, reaching $32.70. The company’s stock had a trading volume of 641,207 shares, compared to its average volume of 836,693. The firm has a market cap of $3.68 billion, a PE ratio of 26.80 and a beta of 0.99. The business has a 50-day moving average price of $30.62 and a 200 day moving average price of $27.29. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $33.05. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 1.56.
COPT Defense Properties Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a $0.295 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.18 dividend on an annualized basis and a yield of 3.61%. COPT Defense Properties’s payout ratio is currently 96.72%.
Analysts Set New Price Targets
Read Our Latest Report on COPT Defense Properties
Insiders Place Their Bets
In other news, COO Britt A. Snider acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average cost of $29.41 per share, with a total value of $29,410.00. Following the completion of the purchase, the chief operating officer now owns 2,000 shares of the company’s stock, valued at $58,820. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.06% of the company’s stock.
About COPT Defense Properties
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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