Camden Property Trust (CPT) Scheduled to Post Earnings on Thursday

Camden Property Trust (NYSE:CPT) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Camden Property Trust to post earnings of $1.66 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.31. The business had revenue of $387.59 million during the quarter, compared to analysts’ expectations of $387.33 million. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.74 earnings per share. On average, analysts expect Camden Property Trust to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Camden Property Trust Stock Performance

CPT opened at $99.68 on Wednesday. The firm has a market cap of $10.85 billion, a P/E ratio of 26.94, a PEG ratio of 3.74 and a beta of 0.83. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $114.04. The company has a 50 day simple moving average of $97.51 and a two-hundred day simple moving average of $95.21. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.88.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were given a $1.03 dividend. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Wednesday, March 27th. Camden Property Trust’s dividend payout ratio is presently 111.35%.

Wall Street Analyst Weigh In

CPT has been the subject of a number of recent analyst reports. Truist Financial upped their price target on shares of Camden Property Trust from $113.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada restated an “outperform” rating and set a $103.00 target price on shares of Camden Property Trust in a research report on Monday, February 5th. Piper Sandler restated an “underweight” rating and set a $90.00 target price on shares of Camden Property Trust in a research report on Tuesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Camden Property Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $90.00 target price for the company. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $104.29.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,634 apartment homes across the United States.