Camden Property Trust (NYSE:CPT) declared a quarterly dividend on Tuesday, September 15th, RTT News reports. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.83 per share by the real estate investment trust on Friday, October 16th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.61%.
Camden Property Trust has increased its dividend by 6.7% over the last three years and has raised its dividend every year for the last 2 years.
Shares of NYSE:CPT traded down $1.19 during trading on Tuesday, reaching $92.01. The stock had a trading volume of 712,900 shares, compared to its average volume of 825,249. Camden Property Trust has a 52 week low of $62.48 and a 52 week high of $120.73. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 47.04, a P/E/G ratio of 6.81 and a beta of 0.69. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.89. The stock has a fifty day simple moving average of $89.93 and a two-hundred day simple moving average of $90.02.
A number of research firms have recently commented on CPT. Bank of America raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating in a research report on Monday, May 18th. SunTrust Banks raised their price objective on shares of Camden Property Trust from $95.00 to $102.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Zacks Investment Research upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 9th. Finally, Piper Sandler raised their price objective on shares of Camden Property Trust from $100.00 to $102.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 9th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $108.65.
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.
Recommended Story: What’s a Black Swan?
Receive News & Ratings for Camden Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.