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

Camden Property Trust (NYSE:CPT) is set to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Camden Property Trust to post earnings of $1.66 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The firm had revenue of $387.59 million during the quarter, compared to analyst estimates of $387.33 million. During the same period in the prior year, the company posted $1.74 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. 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

Camden Property Trust stock opened at $98.85 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a fifty day moving average price of $97.14 and a two-hundred day moving average price of $95.12. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $114.04. The firm has a market capitalization of $10.76 billion, a P/E ratio of 26.72, a P/E/G ratio of 3.68 and a beta of 0.83.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were paid a dividend of $1.03 per share. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend was Wednesday, March 27th. Camden Property Trust’s dividend payout ratio is currently 111.35%.

Analyst Ratings Changes

A number of analysts have recently weighed in on CPT shares. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Barclays lowered Camden Property Trust from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $138.00 to $100.00 in a research note on Tuesday, February 20th. Piper Sandler restated an “underweight” rating and issued a $90.00 target price on shares of Camden Property Trust in a research note on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft initiated coverage on Camden Property Trust in a research note on Tuesday, January 30th. They issued a “hold” rating and a $90.00 target price for the company. Finally, Morgan Stanley lifted their price objective on Camden Property Trust from $95.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.