COO of COPT Defense Properties buys 1,000 shares, while Q2 earnings fall short of analysts' estimates.
COPT Defense Properties COO Britt A. Snider purchased 1,000 shares at $29.41 each, raising his total holdings to 2,000 shares valued at about $58,820. The REIT, focused on properties near U.S. defense installations, reported Q2 earnings of $0.31 per share, falling short of analysts' $0.64 estimate. Despite a negative return on equity and margin, analysts remain optimistic, with recent price targets and a quarterly dividend of $0.295 set for October.
September 14, 2024
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