Camden Property Trust (NYSE:CPT) Plans $1.05 Quarterly Dividend

Key Points

• Camden Property Trust has announced a quarterly dividend of $1.05, payable to shareholders of record on September 30th, reflecting an annualized yield of 3.9%.
• The company's payout ratio is currently at 271.0%, indicating reliance on its balance sheet to cover dividend payments, although future earnings projections suggest a more sustainable ratio of 59.4%.
• Camden Property Trust’s latest earnings report revealed a profit of $1.70 per share, slightly exceeding analysts’ expectations, with a revenue increase of 2.4% year-over-year.

Camden Property Trust (NYSE:CPT - Get Free Report) declared a quarterly dividend on Monday, September 15th, RTT News reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 1.05 per share by the real estate investment trust on Friday, October 17th. This represents a c) annualized dividend and a yield of 3.9%.

Camden Property Trust has a payout ratio of 271.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Camden Property Trust to earn $7.07 per share next year, which means the company should continue to be able to cover its $4.20 annual dividend with an expected future payout ratio of 59.4%.

Camden Property Trust Trading Down 1.0%

NYSE:CPT traded down $1.13 during mid-day trading on Monday, hitting $108.38. The company had a trading volume of 756,867 shares, compared to its average volume of 969,530. Camden Property Trust has a fifty-two week low of $102.35 and a fifty-two week high of $127.69. The business's fifty day moving average is $110.36 and its two-hundred day moving average is $114.35. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a market cap of $11.58 billion, a P/E ratio of 75.79, a P/E/G ratio of 3.71 and a beta of 0.80.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.01. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The firm had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. During the same quarter in the prior year, the firm posted $1.71 earnings per share. The company's quarterly revenue was up 2.4% on a year-over-year basis. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. As a group, research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Loomis Sayles & Co. L P bought a new position in shares of Camden Property Trust during the 2nd quarter worth approximately $32,000. CYBER HORNET ETFs LLC bought a new position in shares of Camden Property Trust during the 2nd quarter worth approximately $32,000. Cape Investment Advisory Inc. bought a new position in shares of Camden Property Trust during the 1st quarter worth approximately $37,000. MUFG Securities EMEA plc bought a new position in shares of Camden Property Trust during the 2nd quarter worth approximately $35,000. Finally, IFP Advisors Inc boosted its stake in shares of Camden Property Trust by 45.7% during the 2nd quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 101 shares during the period. 97.22% of the stock is currently owned by institutional investors.

About Camden Property Trust

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 58,250 apartment homes across the United States.

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