COPT Defense Properties (NYSE:CDP – Get Free Report) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.640-0.660 for the period, compared to the consensus estimate of 0.640. The company issued revenue guidance of -. COPT Defense Properties also updated its FY 2024 guidance to 2.560-2.580 EPS.
COPT Defense Properties Stock Performance
Shares of NYSE:CDP traded down $0.32 during midday trading on Thursday, reaching $32.38. 330,279 shares of the company’s stock traded hands, compared to its average volume of 834,293. COPT Defense Properties has a one year low of $22.20 and a one year high of $33.05. The stock has a 50 day moving average of $30.62 and a 200 day moving average of $27.29. The company has a debt-to-equity ratio of 1.56, a quick ratio of 3.17 and a current ratio of 3.17. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 26.79 and a beta of 0.99.
COPT Defense Properties (NYSE:CDP – Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.32). The company had revenue of $189.23 million during the quarter, compared to analysts’ expectations of $167.37 million. COPT Defense Properties had a negative return on equity of 7.52% and a negative net margin of 15.75%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 EPS. As a group, equities research analysts anticipate that COPT Defense Properties will post 2.57 EPS for the current fiscal year.
COPT Defense Properties Dividend Announcement
Wall Street Analyst Weigh In
CDP has been the subject of several research analyst reports. Evercore ISI increased their target price on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wedbush increased their target price on COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Truist Financial increased their target price on COPT Defense Properties from $27.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. increased their price target on COPT Defense Properties from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Finally, Wells Fargo & Company dropped their price target on COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.38.
View Our Latest Stock Report on CDP
Insider Transactions at COPT Defense Properties
In other news, COO Britt A. Snider bought 1,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average price of $29.41 per share, for a total transaction of $29,410.00. Following the acquisition, the chief operating officer now owns 2,000 shares of the company’s stock, valued at $58,820. The trade was a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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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