COPT Defense Properties (NYSE:CDP) Shareholders to Receive $0.32 Quarterly Dividend

COPT Defense Properties (NYSE:CDP) announced a quarterly dividend on Thursday, November 12th. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.32 per share on Friday, January 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, December 31st.

COPT Defense Properties Trading Down 0.9%

NYSE CDP opened at $32.65 on Friday. The company’s 50-day moving average price is $33.80 and its 200-day moving average price is $33.70. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.62. The stock has a market cap of $3.70 billion, a PE ratio of 11.73 and a beta of 0.79. COPT Defense Properties has a 12 month low of $27.06 and a 12 month high of $38.90.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06. The company had revenue of $208.76 million for the quarter, compared to the consensus estimate of $190.43 million. COPT Defense Properties had a net margin of 21.17% and a return on equity of 10.80%. Equities research analysts forecast that COPT Defense Properties will post 2.79 earnings per share for the current year.

Institutional Trading of COPT Defense Properties

Hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its holdings in COPT Defense Properties by 28.5% during the 1st quarter. California State Teachers Retirement System now owns 137,228 shares of the company’s stock worth $4,199,000 after acquiring an additional 30,471 shares in the last quarter. State Street Corp raised its holdings in shares of COPT Defense Properties by 0.5% in the 2nd quarter. State Street Corp now owns 6,871,138 shares of the company’s stock valued at $252,139,000 after purchasing an additional 34,561 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of COPT Defense Properties in the 2nd quarter valued at about $3,437,000. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of COPT Defense Properties in the 3rd quarter valued at about $28,030,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of COPT Defense Properties in the 1st quarter worth approximately $1,831,000.

COPT Defense Properties Company Profile

COPT Defense Properties is a real estate investment trust that owns, operates and develops properties primarily for tenants in the U.S. defense, intelligence and information technology sectors. Its portfolio includes office and other mission-critical facilities designed to support government agencies and the contractors and technology companies that serve them. The company’s properties are concentrated in locations with significant defense and government activity, including the greater Washington, D.C., region and other U.S. markets.