COPT Defense Properties (NYSE:CDP) Announces Quarterly Earnings Results, Misses Expectations By $0.34 EPS

COPT Defense Properties (NYSE:CDP - Get Free Report) posted its earnings results on Monday. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.34), FiscalAI reports. COPT Defense Properties had a net margin of 20.10% and a return on equity of 10.02%. The firm had revenue of $200.64 million during the quarter, compared to analyst estimates of $185.10 million. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. COPT Defense Properties updated its FY 2026 guidance to 2.730-2.790 EPS and its Q2 2026 guidance to 0.680-0.700 EPS.

COPT Defense Properties Stock Up 1.0%

Shares of NYSE:CDP opened at $31.23 on Friday. The firm's 50 day moving average price is $31.82 and its 200 day moving average price is $30.30. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 22.63 and a beta of 0.86. COPT Defense Properties has a fifty-two week low of $25.80 and a fifty-two week high of $33.29. The company has a quick ratio of 3.95, a current ratio of 2.85 and a debt-to-equity ratio of 1.63.

COPT Defense Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, March 31st. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.1%. COPT Defense Properties's payout ratio is currently 92.75%.

Insider Activity at COPT Defense Properties

In other COPT Defense Properties news, Director Philip L. Hawkins sold 5,536 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $32.71, for a total value of $181,082.56. Following the sale, the director directly owned 15,188 shares of the company's stock, valued at approximately $496,799.48. This represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.66% of the company's stock.

Hedge Funds Weigh In On COPT Defense Properties

Large investors have recently bought and sold shares of the business. CIBC Bancorp USA Inc. acquired a new position in shares of COPT Defense Properties during the 3rd quarter worth about $353,000. Brooklyn Investment Group purchased a new position in shares of COPT Defense Properties in the 4th quarter valued at about $332,000. Twinbeech Capital LP acquired a new stake in shares of COPT Defense Properties during the 4th quarter worth about $302,000. Mercer Global Advisors Inc. ADV raised its position in shares of COPT Defense Properties by 47.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,723 shares of the company's stock worth $298,000 after acquiring an additional 3,439 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in COPT Defense Properties by 15.9% during the fourth quarter. Quadrant Capital Group LLC now owns 8,649 shares of the company's stock worth $240,000 after purchasing an additional 1,185 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Evercore restated an "outperform" rating and set a $38.00 price target on shares of COPT Defense Properties in a research note on Tuesday. Jefferies Financial Group lifted their target price on COPT Defense Properties from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, January 27th. Weiss Ratings raised shares of COPT Defense Properties from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, April 21st. Truist Financial upped their target price on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a research note on Tuesday, March 3rd. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $37.00 price objective on shares of COPT Defense Properties in a research report on Wednesday. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.38.

About COPT Defense Properties

COPT Defense Properties NYSE: CDP is a real estate investment trust organized to own, lease and manage healthcare and life science facilities serving the United States federal government, with a particular focus on Department of Defense and Veterans Affairs tenants. The company was formed in 2016 through a spin-off from Corporate Office Properties Trust, enabling it to concentrate exclusively on medical office buildings and specialized research facilities situated on or near military and federal research campuses.

The company's portfolio comprises purpose-built, Class A medical office and outpatient specialty clinics, as well as life science laboratories.