Q2 2024 Earnings Estimate for COPT Defense Properties (NYSE:CDP) Issued By Wedbush

COPT Defense Properties (NYSE:CDP - Free Report) - Stock analysts at Wedbush upped their Q2 2024 earnings per share (EPS) estimates for COPT Defense Properties in a research note issued to investors on Monday, April 29th. Wedbush analyst R. Anderson now anticipates that the company will post earnings per share of $0.63 for the quarter, up from their previous estimate of $0.61. Wedbush currently has a "Outperform" rating and a $28.00 target price on the stock. The consensus estimate for COPT Defense Properties' current full-year earnings is $2.51 per share. Wedbush also issued estimates for COPT Defense Properties' Q3 2024 earnings at $0.64 EPS, Q4 2024 earnings at $0.65 EPS, FY2024 earnings at $2.56 EPS, Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.66 EPS, Q3 2025 earnings at $0.67 EPS, Q4 2025 earnings at $0.67 EPS and FY2025 earnings at $2.65 EPS.

Several other research firms have also commented on CDP. Citigroup reissued a "neutral" rating and issued a $25.00 target price (down previously from $29.00) on shares of COPT Defense Properties in a report on Friday, March 22nd. Evercore ISI raised COPT Defense Properties from an "in-line" rating to an "outperform" rating and increased their target price for the company from $27.00 to $28.00 in a report on Monday, February 12th. Finally, Jefferies Financial Group raised COPT Defense Properties from a "hold" rating to a "buy" rating and increased their target price for the company from $26.00 to $28.00 in a report on Wednesday, February 21st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $27.00.

COPT Defense Properties Stock Performance

NYSE:CDP remained flat at $23.97 during trading hours on Wednesday. The company had a trading volume of 1,035,453 shares, compared to its average volume of 955,598. The company has a market capitalization of $2.70 billion, a PE ratio of -22.19, a P/E/G ratio of 2.31 and a beta of 0.93. The company has a 50-day simple moving average of $23.75 and a two-hundred day simple moving average of $24.18. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.66 and a quick ratio of 3.36. COPT Defense Properties has a 52-week low of $21.76 and a 52-week high of $26.80.

COPT Defense Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were issued a dividend of $0.295 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.92%. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.29. COPT Defense Properties's dividend payout ratio (DPR) is currently -109.26%.

Hedge Funds Weigh In On COPT Defense Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Leeward Investments LLC MA acquired a new stake in COPT Defense Properties in the first quarter valued at about $13,350,000. Handelsinvest Investeringsforvaltning acquired a new stake in COPT Defense Properties in the first quarter valued at about $455,000. Principal Financial Group Inc. acquired a new stake in COPT Defense Properties in the first quarter valued at about $10,296,000. Yousif Capital Management LLC acquired a new stake in COPT Defense Properties in the first quarter valued at about $1,236,000. Finally, Securian Asset Management Inc. acquired a new stake in COPT Defense Properties in the first quarter valued at about $223,000.

COPT Defense Properties Company Profile

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.