COPT Defense Properties (NYSE:CDP) Declares $0.31 Quarterly Dividend

Key Points

• COPT Defense Properties announced a quarterly dividend of $0.31, with shareholders of record on September 30th set to receive it on October 16th, resulting in an annualized dividend yield of 4.4%.
• The company's stock recently declined 0.9% to $27.80, with a market capitalization of $3.14 billion and a PE ratio of 21.72, indicating relatively stable performance within the market.
• COPT Defense Properties reported earnings per share of $0.68 for the last quarter, surpassing estimates, while revenue reached $175.60 million, reflecting a 1.4% year-over-year increase despite being below expectations.

COPT Defense Properties (NYSE:CDP - Get Free Report) declared a quarterly dividend on Thursday, August 14th, RTT News reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.305 per share on Thursday, October 16th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 30th.

COPT Defense Properties Trading Up 1.5%

COPT Defense Properties stock traded up $0.4260 during mid-day trading on Tuesday, hitting $28.0160. The company's stock had a trading volume of 125,288 shares, compared to its average volume of 935,246. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 21.87 and a beta of 0.87. The business has a 50 day moving average price of $28.08 and a 200-day moving average price of $27.36. COPT Defense Properties has a 12 month low of $23.92 and a 12 month high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. The business had revenue of $175.60 million during the quarter, compared to the consensus estimate of $186.55 million. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. COPT Defense Properties has set its Q3 2025 guidance at 0.660-0.680 EPS. FY 2025 guidance at 2.650-2.690 EPS. As a group, analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.

Hedge Funds Weigh In On COPT Defense Properties

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co increased its position in shares of COPT Defense Properties by 4.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 249,527 shares of the company's stock valued at $6,888,000 after buying an additional 10,095 shares during the period. Tower Research Capital LLC TRC grew its holdings in COPT Defense Properties by 263.5% in the second quarter. Tower Research Capital LLC TRC now owns 15,977 shares of the company's stock worth $441,000 after purchasing an additional 11,582 shares during the period. Corient Private Wealth LLC grew its holdings in COPT Defense Properties by 13.0% in the second quarter. Corient Private Wealth LLC now owns 20,160 shares of the company's stock worth $556,000 after purchasing an additional 2,312 shares during the period. Engineers Gate Manager LP grew its holdings in COPT Defense Properties by 54.6% in the second quarter. Engineers Gate Manager LP now owns 34,974 shares of the company's stock worth $965,000 after purchasing an additional 12,345 shares during the period. Finally, Bank of America Corp DE grew its holdings in COPT Defense Properties by 5.4% in the second quarter. Bank of America Corp DE now owns 2,577,065 shares of the company's stock worth $71,075,000 after purchasing an additional 131,287 shares during the period.

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.