COPT Defense Properties (NYSE:CDP) Declares 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 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 4.57%. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30.

COPT Defense Properties Price Performance

CDP stock opened at $26.72 on Friday. 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 business has a 50 day simple moving average of $29.77 and a 200-day simple moving average of $30.45. The firm has a market capitalization of $3.01 billion, a PE ratio of 21.72 and a beta of 0.98. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $34.22.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. Equities research analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CDP. BTIG Research increased their price objective on COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Evercore ISI increased their price objective on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial increased their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Finally, Jefferies Financial Group lowered their price objective on 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.