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

Camden Property Trust (NYSE:CPT - Get Free Report) announced a quarterly dividend on Monday, June 16th, RTT News reports. Investors of record on Monday, June 30th will be paid a dividend of 1.05 per share by the real estate investment trust on Thursday, July 17th. This represents a $4.20 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Monday, June 30th.

Camden Property Trust has a dividend payout ratio of 271.0% meaning 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 Price Performance

Shares of Camden Property Trust stock traded down $0.33 during trading hours on Thursday, reaching $115.57. The stock had a trading volume of 759,086 shares, compared to its average volume of 924,457. The stock's 50 day moving average is $115.70 and its 200 day moving average is $116.63. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.80. Camden Property Trust has a twelve month low of $102.35 and a twelve month high of $127.69. The firm has a market capitalization of $12.35 billion, a PE ratio of 106.03, a PEG ratio of 3.50 and a beta of 0.78.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.04. The firm had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a return on equity of 2.47% and a net margin of 7.62%. Camden Property Trust's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.70 EPS. Equities analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Camden Property Trust

In related news, Director Steven A. Webster sold 1,200 shares of Camden Property Trust stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $118.76, for a total transaction of $142,512.00. Following the transaction, the director now owns 117,374 shares in the company, valued at approximately $13,939,336.24. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value of $665,854.00. Following the transaction, the chief executive officer now directly owns 289,720 shares in the company, valued at $34,621,540. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Institutional Trading of Camden Property Trust

A hedge fund recently raised its stake in Camden Property Trust stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,453 shares of the real estate investment trust's stock after acquiring an additional 336 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Camden Property Trust were worth $2,257,000 as of its most recent filing with the Securities and Exchange Commission. 97.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CPT shares. Jefferies Financial Group raised Camden Property Trust from a "hold" rating to a "buy" rating and upped their target price for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. Mizuho decreased their price objective on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Barclays lifted their target price on shares of Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. boosted their target price on shares of Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a research note on Tuesday. Finally, Scotiabank decreased their price target on shares of Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating on the stock in a research note on Friday, June 13th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Camden Property Trust currently has a consensus rating of "Hold" and a consensus price target of $129.39.

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.