Camden Property Trust (NYSE:CPT) Announces Quarterly Dividend of $1.06

Key Points

• Camden Property Trust declared a quarterly dividend of $1.06 per share, payable October 16 to shareholders of record September 30. The annualized dividend is $4.24 per share, representing a 4.1% yield.
• The dividend currently exceeds earnings coverage, with a 273.5% payout ratio, though analysts expect the forward payout ratio to improve to approximately 61.4% based on projected earnings.
• CPT shares opened at $102.69, below the analyst consensus price target of $115.45. Wall Street’s overall rating remains “Hold,” with three Buy, twelve Hold, and two Sell ratings.

Camden Property Trust (NYSE:CPT - Get Free Report) declared a quarterly dividend on Tuesday, September 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of 1.06 per share by the real estate investment trust on Friday, October 16th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, September 30th.

Camden Property Trust has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 4 years. Camden Property Trust has a payout ratio of 273.5% meaning 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 $6.90 per share next year, which means the company should continue to be able to cover its $4.24 annual dividend with an expected future payout ratio of 61.4%.

Camden Property Trust Trading Down 1.1%

CPT opened at $102.69 on Wednesday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.25. The firm has a market cap of $10.32 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 7.36 and a beta of 0.77. Camden Property Trust has a 12 month low of $96.53 and a 12 month high of $119.81. The stock has a fifty day moving average price of $109.47 and a 200-day moving average price of $107.26.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $1.67 by ($1.49). Camden Property Trust had a net margin of 20.80% and a return on equity of 7.66%. The company had revenue of $396.07 million for the quarter, compared to the consensus estimate of $392.88 million. During the same period in the previous year, the business earned $1.70 EPS. Camden Property Trust's revenue for the quarter was up 7.4% compared to the same quarter last year. Camden Property Trust has set its FY 2026 guidance at 6.680-6.820 EPS and its Q3 2026 guidance at 1.670-1.710 EPS. As a group, equities research analysts anticipate that Camden Property Trust will post 6.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on CPT shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $114.00 price objective on shares of Camden Property Trust in a research note on Monday, July 20th. Stifel Nicolaus set a $123.25 price target on shares of Camden Property Trust in a report on Friday, July 31st. Evercore set a $114.00 price target on Camden Property Trust in a research report on Friday, August 7th. Wall Street Zen lowered Camden Property Trust from a "sell" rating to a "strong sell" rating in a report on Saturday, August 8th. Finally, UBS Group reissued a "neutral" rating and issued a $105.00 price objective (down from $106.00) on shares of Camden Property Trust in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $115.45.

About Camden Property Trust

Camden Property Trust NYSE: CPT is a real estate investment trust that owns, develops, acquires, and manages apartment communities. Its portfolio is focused primarily on multifamily housing, with properties offering a range of apartment floor plans and amenities designed for renters in urban and suburban markets.

The company serves residents across several major metropolitan areas in the U.S. Sun Belt, including markets in Texas, Colorado, Arizona, California, Georgia, North Carolina, Florida, and Tennessee.

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