Wedbush Equities Analysts Reduce Earnings Estimates for CDP

COPT Defense Properties (NYSE:CDP - Free Report) - Stock analysts at Wedbush decreased their FY2025 earnings per share (EPS) estimates for shares of COPT Defense Properties in a report released on Monday, May 12th. Wedbush analyst R. Anderson now anticipates that the company will post earnings of $2.66 per share for the year, down from their previous estimate of $2.67. The consensus estimate for COPT Defense Properties' current full-year earnings is $2.67 per share. Wedbush also issued estimates for COPT Defense Properties' FY2026 earnings at $2.73 EPS.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.65 earnings per share for the quarter, hitting analysts' consensus estimates of $0.65. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. The business had revenue of $187.86 million for the quarter, compared to analyst estimates of $186.37 million. During the same quarter last year, the firm posted $0.62 earnings per share. The business's revenue was up 6.0% compared to the same quarter last year.

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

COPT Defense Properties Trading Up 0.7%

CDP stock traded up $0.20 during midday trading on Tuesday, reaching $27.45. The company's stock had a trading volume of 1,415,351 shares, compared to its average volume of 927,758. 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 fifty day simple moving average of $26.49 and a two-hundred day simple moving average of $28.86. COPT Defense Properties has a 1 year low of $23.47 and a 1 year high of $34.22. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 22.32 and a beta of 0.86.

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 CDP. FIL Ltd boosted its holdings in shares of COPT Defense Properties by 17.8% in the 4th quarter. FIL Ltd now owns 2,591 shares of the company's stock valued at $80,000 after buying an additional 391 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of COPT Defense Properties by 2.4% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 16,997 shares of the company's stock valued at $464,000 after buying an additional 397 shares in the last quarter. Quarry LP boosted its holdings in shares of COPT Defense Properties by 102.0% in the 1st quarter. Quarry LP now owns 1,186 shares of the company's stock valued at $32,000 after buying an additional 599 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of COPT Defense Properties by 77.8% in the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock valued at $43,000 after buying an additional 614 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its holdings in shares of COPT Defense Properties by 10.7% in the 1st quarter. Central Pacific Bank Trust Division now owns 6,854 shares of the company's stock valued at $187,000 after buying an additional 660 shares in the last quarter.

COPT Defense Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st were given a dividend of $0.305 per share. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. The ex-dividend date was Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.44%. COPT Defense Properties's dividend payout ratio is presently 97.60%.

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.