COPT Defense Properties (CDP) to Issue Quarterly Dividend of $0.32 on July 15th

COPT Defense Properties (NYSE:CDP) declared a quarterly dividend on Thursday, May 14th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.32 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, June 30th.

COPT Defense Properties has raised its dividend payment by an average of 0.0%per year over the last three years.

COPT Defense Properties Stock Up 3.0%

CDP opened at $36.25 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.85 and a current ratio of 2.85. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 26.27 and a beta of 0.79. COPT Defense Properties has a one year low of $26.91 and a one year high of $36.39. The business’s fifty day moving average is $32.60 and its two-hundred day moving average is $31.35.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.34). 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 analysts’ expectations of $185.10 million. During the same quarter in the prior year, the business earned $0.65 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. COPT Defense Properties has set its FY 2026 guidance at 2.730-2.790 EPS and its Q2 2026 guidance at 0.680-0.700 EPS. Analysts anticipate that COPT Defense Properties will post 2.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CDP. Wells Fargo & Company upped their price target on shares of COPT Defense Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, June 1st. JPMorgan Chase & Co. raised their price objective on shares of COPT Defense Properties from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Weiss Ratings upgraded COPT Defense Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, April 21st. Evercore reaffirmed an “outperform” rating and issued a $38.00 target price on shares of COPT Defense Properties in a research note on Tuesday, April 28th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $37.00 target price on shares of COPT Defense Properties in a report on Thursday. 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 an average rating of “Moderate Buy” and a consensus price target of $35.00.

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.