COPT Defense Properties (CDP)

NYSE: CDP · IEX Real-Time Price · USD
24.17
+0.12 (0.50%)
Mar 28, 2024, 4:00 PM EDT - Market closed
0.50%
Market Cap 2.75B
Revenue (ttm) 684.98M
Net Income (ttm) -73.47M
Shares Out 112.55M
EPS (ttm) -0.67
PE Ratio n/a
Forward PE 20.00
Dividend $1.18 (4.88%)
Ex-Dividend Date Mar 27, 2024
Volume 808,818
Open 24.12
Previous Close 24.05
Day's Range 24.07 - 24.32
52-Week Range 21.73 - 26.80
Beta 0.95
Analysts Buy
Price Target 27.00 (+11.71%)
Earnings Date Apr 20, 2024

About CDP

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. As of December 31, 2023, the Company's Defense/IT Po... [Read more]

Industry REIT - Office
Sector Real Estate
Founded 1988
Employees 410
Stock Exchange NYSE
Ticker Symbol CDP
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for CDP stock is "Buy." The 12-month stock price forecast is $27.0, which is an increase of 11.71% from the latest price.

Price Target
$27.0
(11.71% upside)
Analyst Consensus: Buy
Stock Forecasts

News

COPT Defense to Present at Citi's 2024 Global Property CEO Conference

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced that its President & CEO, Stephen E. Budorick, will provide an overview of the Company a...

4 weeks ago - Business Wire

COPT Defense Increases Quarterly Dividend by 3.5%

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 com...

5 weeks ago - Business Wire

COPT Defense Establishes 2024 Guidance

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. Dilut...

7 weeks ago - Business Wire

COPT Defense Reports Full Year 2023 Results

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (“COPT Defense” or the “Company”) (NYSE: CDP) announced results for the fourth quarter and full year ended December 31, 2023. Management Comment...

7 weeks ago - Business Wire

COPT Defense Announces Tax Treatment of 2023 Distributions

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. Shareholder...

2 months ago - Business Wire

COPT Defense Exceeds Development Leasing Guidance and Vacancy Leasing Target in 2023

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) executed a long-term lease with a Fortune 100 company for a 225,000 square foot, build-to-suit dev...

2 months ago - Business Wire

COPT Defense Provides Conference Call Details to Discuss 4Q and YE 2023 Results and Management's 2024 Outlook

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the release date and conference call details in which management will discuss fourth qua...

2 months ago - Business Wire

Robert Denton Elected as Chairman of the Board of Trustees

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced that its Board of Trustees elected Robert L. Denton, Sr. to serve as Chairman of the Boa...

2 months ago - Business Wire

COPT Defense Appoints Britt A. Snider as Chief Operating Officer

COLUMBIA, M.D.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the appointment of Britt A. Snider as Executive Vice President and Chief Operating Offi...

4 months ago - Business Wire

COPT Defense Declares Fourth Quarter 2023 Common Dividend

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 $0.285 per com...

5 months ago - Business Wire

COPT Defense Reports Third Quarter 2023 Results

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (“COPT Defense” or the “Company”) (NYSE: CDP) announced results for the third quarter ended September 30, 2023. Management Comments Stephen E. B...

5 months ago - Business Wire

COPT Defense Provides Conference Call Details to Discuss 3Q 2023 Results along with Investor Day Materials

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the release date and conference call details in which management will discuss third quar...

6 months ago - Business Wire

COPT to Present at the BofA Securities 2023 Global Real Estate Conference

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced that its President and CEO, Stephen E. Budorick, will provide an overview of the Compa...

7 months ago - Business Wire

Corporate Office Properties Trust Announces Pricing of $300 Million of Exchangeable Senior Notes

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced today that its operating partnership, Corporate Office Properties, L.P. (the “Operatin...

7 months ago - Business Wire

Corporate Office Properties Trust Announces Proposed Private Placement of $300 Million of Exchangeable Senior Notes

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced today that its operating partnership, Corporate Office Properties, L.P. (the “Operatin...

7 months ago - Business Wire

Corporate Office Properties Trust Rebrands to COPT Defense Properties

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) today announced that the Company is changing its name to COPT Defense Properties (“COPT Defense”...

7 months ago - Business Wire

COPT Declares Third Quarter 2023 Common Dividend

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announced today that its Board of Trustees declared a regular quarterly dividend of $0.285 per c...

8 months ago - Business Wire

COPT Reports Second Quarter 2023 Results

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced results for the second quarter ended June 30, 2023. Management Comments Stephen E. Bud...

8 months ago - Business Wire

COPT Provides Conference Call Details to Discuss 2Q 2023 Results

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announces the release date and conference call details in which management will discuss second q...

9 months ago - Business Wire

Do you need investment income? Here are 20 REIT stocks with dividends expected to be well supported through 2025.

Investors have good reason to be concerned about the real-estate market. It has been obvious for decades that the U.S. has too many retail properties, and now, changing work habits promise to put down...

10 months ago - Market Watch

COPT to Present at Nareit's REITweek: 2023 Investor Conference

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announced that its President and CEO, Stephen E. Budorick, will provide an update on the Company...

10 months ago - Business Wire

Debt default would hurt REITs with government exposure, says Morgan Stanley's Ron Kamdem

Ron Kamdem, head of US REITs and commercial real estate at Morgan Stanley, joins 'The Exchange' to discuss how the debt ceiling could impact REITs numbers, consumer spending moving down if the governm...

Other symbols: AREDEAELMEVNOWELL
11 months ago - CNBC Television

COPT Declares Second Quarter 2023 Common Dividend

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announced today that its Board of Trustees declared a regular quarterly dividend of $0.285 per c...

11 months ago - Business Wire

COPT First Quarter 2023 Results Exceed Guidance

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced results for the first quarter ended March 31, 2023. Management Comments Stephen E. Bud...

1 year ago - Business Wire

COPT Provides Conference Call Details to Discuss 1Q 2023 Results

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announces the release date and conference call details in which management will discuss first qu...

1 year ago - Business Wire