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

Camden Property Trust (NYSE:CPT) announced a quarterly dividend on Monday, December 2nd, RTT News reports. Investors 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 yield of 2.93%.

NYSE CPT traded down $2.20 during trading hours on Monday, hitting $109.35. The company had a trading volume of 24,701 shares, compared to its average volume of 444,453. Camden Property Trust has a fifty-two week low of $83.67 and a fifty-two week high of $116.67. The company has a market capitalization of $10.80 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 3.27 and a beta of 0.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.76 and a quick ratio of 0.76. The firm’s 50 day moving average is $112.55 and its 200 day moving average is $108.25.

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

In other Camden Property Trust news, Vice Chairman D Keith Oden sold 89,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $112.92, for a total value of $10,049,880.00. Also, CEO Richard J. Campo sold 25,976 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $112.65, for a total transaction of $2,926,196.40. Following the completion of the transaction, the chief executive officer now directly owns 253,664 shares in the company, valued at approximately $28,575,249.60. The disclosure for this sale can be found here. Insiders sold 161,591 shares of company stock valued at $18,191,363 over the last quarter. Insiders own 3.40% of the company’s stock.

Several brokerages have recently weighed in on CPT. Bank of America downgraded Camden Property Trust from a “buy” rating to a “neutral” rating and set a $118.00 target price for the company. in a research note on Thursday, November 7th. Capital One Financial upgraded Camden Property Trust from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $107.00 to $119.00 in a research note on Monday, September 16th. Scotiabank upgraded Camden Property Trust from a “sector perform” rating to a “sector outperform” rating and set a $122.00 target price for the company in a research note on Tuesday, November 26th. KeyCorp lifted their price target on Camden Property Trust from $112.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, ValuEngine downgraded Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Camden Property Trust has a consensus rating of “Buy” and an average target price of $113.43.

Camden Property Trust Company Profile

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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