COPT Defense Properties (NYSE:CDP) Announces Dividend Increase – $0.31 Per Share

COPT Defense Properties (NYSE:CDP) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.305 per share on Wednesday, April 16th. This represents a $1.22 annualized dividend and a dividend yield of 4.57%. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.30.

COPT Defense Properties Stock Down 0.5 %

COPT Defense Properties stock opened at $26.72 on Friday. COPT Defense Properties has a 1-year low of $22.20 and a 1-year high of $34.22. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. The stock has a market cap of $3.01 billion, a PE ratio of 21.72 and a beta of 0.98. The stock’s fifty day moving average is $29.77 and its two-hundred day moving average is $30.45.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, beating 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, sell-side analysts expect that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CDP has been the topic of a number of analyst reports. Truist Financial raised their price target on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. BTIG Research raised their price target 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. Jefferies Financial Group dropped their price objective on COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Finally, Evercore ISI raised 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.