COPT Defense Properties (NYSE:CDP – Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.32), Zacks reports. COPT Defense Properties had a negative return on equity of 7.52% and a negative net margin of 15.75%. The company had revenue of $189.23 million for the quarter, compared to analyst estimates of $167.37 million. During the same period in the prior year, the business earned $0.60 earnings per share. COPT Defense Properties’s revenue for the quarter was up 12.3% compared to the same quarter last year.
COPT Defense Properties Price Performance
NYSE CDP traded up $0.18 during mid-day trading on Wednesday, hitting $32.68. The stock had a trading volume of 208,795 shares, compared to its average volume of 834,634. The company has a 50 day simple moving average of $30.54 and a 200 day simple moving average of $27.25. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 26.86 and a beta of 0.99. COPT Defense Properties has a 52-week low of $22.20 and a 52-week high of $33.05. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.56.
COPT Defense Properties Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Monday, September 30th. COPT Defense Properties’s dividend payout ratio is currently 96.72%.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on COPT Defense Properties
Insiders Place Their Bets
In other news, COO Britt A. Snider purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average price of $29.41 per share, for a total transaction of $29,410.00. Following the completion of the transaction, the chief operating officer now directly owns 2,000 shares in the company, valued at $58,820. This represents a 100.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.06% of the stock is owned by company insiders.
About COPT Defense Properties
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.
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