COPT Defense Properties (NYSE:CDP) Posts Earnings Results, Hits Expectations

COPT Defense Properties (NYSE:CDP - Get Free Report) issued its earnings results on Monday. The company reported $0.65 earnings per share for the quarter, meeting analysts' consensus estimates of $0.65, Zacks reports. The firm had revenue of $187.86 million for the quarter, compared to analyst estimates of $186.37 million. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. The company's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.62 earnings per share. COPT Defense Properties updated its FY 2025 guidance to 2.630-2.690 EPS and its Q2 2025 guidance to 0.650-0.670 EPS.

COPT Defense Properties Stock Performance

NYSE:CDP traded up $0.11 during trading hours on Thursday, reaching $26.22. The stock had a trading volume of 244,211 shares, compared to its average volume of 914,370. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. The stock has a 50 day simple moving average of $26.54 and a 200 day simple moving average of $29.33. COPT Defense Properties has a 12-month low of $23.47 and a 12-month high of $34.22. The stock has a market cap of $2.96 billion, a P/E ratio of 21.32 and a beta of 0.92.

COPT Defense Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were given a $0.305 dividend. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend was Monday, March 31st. COPT Defense Properties's dividend payout ratio (DPR) is currently 99.19%.

Analyst Ratings Changes

Separately, Jefferies Financial Group assumed coverage on shares of COPT Defense Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $31.00 price target for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, COPT Defense Properties currently has a consensus rating of "Moderate Buy" and an average target price of $33.43.

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.