Camden Property Trust Plans Quarterly Dividend of $0.80 (NYSE:CPT)

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Camden Property Trust (NYSE:CPT) announced a quarterly dividend on Monday, December 2nd, RTT News reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.80 per share by the real estate investment trust on Friday, January 17th. This represents a $3.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, December 13th.

Shares of NYSE:CPT opened at $110.01 on Wednesday. The business has a fifty day moving average of $111.92 and a 200-day moving average of $108.72. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 0.76. Camden Property Trust has a twelve month low of $83.67 and a twelve month high of $116.67. The firm has a market cap of $10.65 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 3.24 and a beta of 0.38.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.84). Camden Property Trust had a return on equity of 4.53% and a net margin of 16.22%. The company had revenue of $260.67 million for the quarter, compared to analyst estimates of $259.56 million. During the same quarter last year, the company earned $1.20 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts anticipate that Camden Property Trust will post 5.01 EPS for the current fiscal year.

In other news, Vice Chairman D Keith Oden sold 23,307 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $111.88, for a total value of $2,607,587.16. Following the transaction, the insider now directly owns 270,800 shares in the company, valued at approximately $30,297,104. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard J. Campo sold 23,308 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $111.88, for a total value of $2,607,699.04. Following the completion of the transaction, the chief executive officer now owns 253,664 shares in the company, valued at $28,379,928.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 161,591 shares of company stock valued at $18,191,363. 3.40% of the stock is owned by corporate insiders.

A number of equities analysts have weighed in on the stock. ValuEngine downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. KeyCorp increased their price target on shares of Camden Property Trust from $112.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Zacks Investment Research lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. BMO Capital Markets restated a “buy” rating and issued a $115.00 price objective on shares of Camden Property Trust in a research report on Monday, November 4th. Finally, Barclays reaffirmed a “buy” rating and set a $124.00 price objective on shares of Camden Property Trust in a report on Sunday, October 13th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $113.73.

About Camden Property Trust

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States.

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Dividend History for Camden Property Trust (NYSE:CPT)

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