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

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) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, September 30th.

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. 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 Stock Up 0.7%

CPT traded up $0.75 during mid-day trading on Friday, reaching $108.07. 1,770,844 shares of the stock were exchanged, compared to its average volume of 802,019. 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 stock has a market capitalization of $11.55 billion, a PE ratio of 75.57, a price-to-earnings-growth ratio of 3.64 and a beta of 0.80. The company has a 50 day moving average price of $109.77 and a two-hundred day moving average price of $113.90. Camden Property Trust has a 1 year low of $102.35 and a 1 year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. The firm had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.24 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.71 EPS. 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 anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Nicola Wealth Management LTD. purchased a new position in shares of Camden Property Trust during the first quarter worth about $1,773,000. MQS Management LLC purchased a new stake in Camden Property Trust in the first quarter worth approximately $1,421,000. Woodline Partners LP purchased a new stake in Camden Property Trust in the first quarter worth approximately $45,879,000. Bayforest Capital Ltd boosted its stake in Camden Property Trust by 114.0% in the first quarter. Bayforest Capital Ltd now owns 5,737 shares of the real estate investment trust's stock worth $702,000 after buying an additional 3,056 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Camden Property Trust by 1.9% in the first quarter. Alliancebernstein L.P. now owns 157,139 shares of the real estate investment trust's stock worth $19,218,000 after buying an additional 2,956 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

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 58,250 apartment homes across the United States.