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

Camden Property Trust (NYSE:CPT) will issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.66 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.31. The business had revenue of $387.59 million for the quarter, compared to the consensus estimate of $387.33 million. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.74 EPS. 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 Trading Down 0.6 %

Shares of CPT stock opened at $99.68 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $10.85 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 3.74 and a beta of 0.83. The company has a 50 day moving average price of $97.51 and a 200 day moving average price of $95.21. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $114.04.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were issued a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.13%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.00. Camden Property Trust’s payout ratio is 111.35%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CPT. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday. Truist Financial lifted their price objective on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. The Goldman Sachs Group began coverage on shares of Camden Property Trust in a report on Thursday, February 22nd. They set a “buy” rating and a $112.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $103.00 price target on shares of Camden Property Trust in a report on Monday, February 5th. Finally, Barclays cut shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $138.00 to $100.00 in a report on Tuesday, February 20th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, 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.