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COPT Defense (CDP) Upgraded to Buy: What Does It Mean for the Stock?
Zacks Investment Research· 2024-02-23 18:01
COPT Defense (CDP) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individual in ...
PGRE vs. CDP: Which Stock Is the Better Value Option?
Zacks Investment Research· 2024-02-23 17:41
Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Paramount Group (PGRE) and COPT Defense (CDP) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, ...
COPT Defense Increases Quarterly Dividend by 3.5%
Businesswire· 2024-02-22 21:16
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced today that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the first quarter ending March 31, 2024. This represents an increase of 3.5%, or $0.01 per share, over the most recent quarterly dividend of $0.285. The first quarter 2024 dividend represents an annualized amount of $1.18 per share and is payable on April 17, 2024, to shareholders of record on Mar ...
COPT(CDP) - 2023 Q4 - Annual Report
2024-02-21 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-14023 COPT DEFENSE PROPERTIES (Exact name of registrant as specified in its charter) Maryland 23-2947217 (State or other jurisdiction of ( ...
COPT(CDP) - 2023 Q4 - Earnings Call Transcript
2024-02-10 03:49
COPT Defense Properties (NYSE:CDP) Q4 2023 Earnings Conference Call February 9, 2024 12:00 PM ET Company Participants Venkat Kommineni - VP of IR Steve Budorick - President and CEO Anthony Mifsud - CFO Britt Snider - COO Conference Call Participants Camille Bonnel - Bank of America Blaine Heck - Wells Fargo Michael Griffin - Citi Tom Catherwood - BTIG Richard Anderson - Wedbush Securities Dylan Burzinski - Green Street Steve Sakwa - Evercore ISI Operator Welcome to the COPT Defense Properties Fourth Quarter ...
COPT Defense (CDP) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks Investment Research· 2024-02-09 01:01
COPT Defense (CDP) reported $179.73 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 2.6%. EPS of $0.62 for the same period compares to $0.45 a year ago.The reported revenue represents a surprise of +2.75% over the Zacks Consensus Estimate of $174.92 million. With the consensus EPS estimate being $0.61, the EPS surprise was +1.64%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...
COPT Defense (CDP) Q4 FFO and Revenues Beat Estimates
Zacks Investment Research· 2024-02-09 00:21
COPT Defense (CDP) came out with quarterly funds from operations (FFO) of $0.62 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to FFO of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.64%. A quarter ago, it was expected that this real estate investment trust specializing in suburban office properties would post FFO of $0.60 per share when it actually produced FFO of $0.60, delivering no s ...
COPT Defense Establishes 2024 Guidance
Businesswire· 2024-02-08 21:17
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) is establishing the following guidance for the year ending December 31, 2024: 2024 Guidance. Diluted earnings per share (“EPS”) in the range of $1.15−$1.23; and Diluted FFO per share (“FFOPS”) - Nareit and as adjusted for comparability, in the range of $2.47−$2.55. 1Q24 Guidance. For the quarter ending March 31, 2024, the Company is establishing the following guidance: EPS in the range of $0.26−$0. ...
COPT Defense Properties: A Solid Buy For Its Government Rent Checks
Seeking Alpha· 2024-01-30 15:16
Aajan It's been a while since I last visited COPT Defense Properties (NYSE:CDP) with a 'Buy' rating here back in October, highlighting its defensive property profile, discounted valuation, and long-term growth potential. While the stock has seen its ups and downs since then, mostly driven by market speculation around the direction of interest rates, the stock is down from its recent peak in January to land at 1.3% below where I covered it last. Over the past year CDP is down by 13%, as shown below, despite ...
COPT Defense Announces Tax Treatment of 2023 Distributions
Businesswire· 2024-01-23 21:33
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced the 2023 tax treatment of its common share distributions as described below. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of COPT Defense common share distributions. Please note that both the common share distributions with a record date of December 30, 2022, and payment date of January 17, 2023, and the distributions with a record date of Dece ...