Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States. The Company also owns land holdings, which it may develop into multifamily communities. The Company's properties consist of mid-rise buildings or two and three story buildings in a landscaped setting and provide residents with a range of amenities common to multifamily rental properties. The 152 operating properties in which the Company owned interests and operated, as of December 31, 2016, averaged 953 square feet of living area per apartment home. As of December 31, 2016, 137 of its operating properties had over 200 apartment homes.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Residential REITs
- Sub-Industry: Residential REITs
- Symbol: NYSE:CPT
- CUSIP: 13313110
- Web: www.camdenliving.com
- Market Cap: $7.92218 billion
- Outstanding Shares: 87,641,000
- 50 Day Moving Avg: $87.00
- 200 Day Moving Avg: $83.44
- 52 Week Range: $75.36 - $90.83
Sales & Book Value:
- Trailing P/E Ratio: 9.85
- Foreward P/E Ratio: 18.51
- P/E Growth: 7.97
- Annual Revenue: $895.28 million
- Price / Sales: 8.64
- Book Value: $34.15 per share
- Price / Book: 2.59
- Annual Dividend: $3.00
- Dividend Yield: 3.4%
- EBIDTA: $504.75 million
- Net Margins: 92.55%
- Return on Equity: 13.94%
- Return on Assets: 7.22%
- Debt-to-Equity Ratio: 0.80%
- Current Ratio: 1.92%
- Quick Ratio: 1.92%
- Average Volume: 523,330 shs.
- Beta: 0.37
- Short Ratio: 5.29
Frequently Asked Questions for Camden Property Trust (NYSE:CPT)
What is Camden Property Trust's stock symbol?
Camden Property Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPT."
How often does Camden Property Trust pay dividends? What is the dividend yield for Camden Property Trust?
Camden Property Trust declared a quarterly dividend on Thursday, June 15th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.75 per share on Monday, July 17th. This represents a $3.00 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Wednesday, June 28th. View Camden Property Trust's Dividend History.
How were Camden Property Trust's earnings last quarter?
Camden Property Trust (NYSE:CPT) announced its earnings results on Thursday, May, 4th. The company reported $1.09 EPS for the quarter, missing the Zacks' consensus estimate of $1.10 by $0.01. The firm earned $219.50 million during the quarter, compared to analyst estimates of $218.19 million. Camden Property Trust had a return on equity of 13.94% and a net margin of 92.55%. The company's revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $1.20 EPS. View Camden Property Trust's Earnings History.
When will Camden Property Trust make its next earnings announcement?
What guidance has Camden Property Trust issued on next quarter's earnings?
Camden Property Trust issued an update on its FY17 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $4.49-4.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.57. Camden Property Trust also updated its Q2 guidance to $1.11-1.15 EPS.
Where is Camden Property Trust's stock going? Where will Camden Property Trust's stock price be in 2017?
12 analysts have issued 1 year price objectives for Camden Property Trust's shares. Their predictions range from $80.00 to $94.00. On average, they expect Camden Property Trust's share price to reach $89.08 in the next twelve months. View Analyst Ratings for Camden Property Trust.
Who are some of Camden Property Trust's key competitors?
Some companies that are related to Camden Property Trust include Mid-America Apartment Communities (MAA), United Dominion Realty Trust (UDR), Equity Lifestyle Properties (ELS), Sun Communities (SUI), Apartment Investment and Management Company (AIV), American Campus Communities (ACC), American Homes 4 Rent (AMH), Colony Starwood Homes (SFR), Two Harbors Investments Corp (TWO), Education Realty Trust (EDR), Monogram Residential Trust (MORE), Associated Estates Realty (AEC), ARMOUR Residential REIT (ARR), New Senior Investment Group (SNR), Altisource Residential Corporation (RESI), Independence Realty Trust (IRT), UMH Properties (UMH) and Campus Crest Communities (CCG).
Who are Camden Property Trust's key executives?
Camden Property Trust's management team includes the folowing people:
- Richard J. Campo, Chairman of the Board of Trust Managers, Chief Executive Officer
- David Keith Oden, President, Trust Manager
- Alexander J. Jessett, Chief Financial Officer, Executive Vice President - Finance, Treasurer
- Herbert Malcolm Stewart, Chief Operating Officer
- William W. Sengelmann, Executive Vice President - Real Estate Investments
- Kelvin R. Westbrook, Lead Independent Trust Manager
- Heather J. Brunner, Independent Trust Manager
- Scott S. Ingraham, Independent Trust Manager
- Renu Khator, Independent Trust Manager
- William B. McGuire Jr., Independent Trust Manager
Who owns Camden Property Trust stock?
Camden Property Trust's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include PGGM Investments (0.91%), Congress Asset Management Co. MA (0.90%), Russell Investments Group Ltd. (0.88%), Sumitomo Mitsui Asset Management Company LTD (0.16%), Breton Hill Capital Ltd. (0.13%) and Strs Ohio (0.13%). Company insiders that own Camden Property Trust stock include Alexander J Jessett, F Gardner Parker, H Malcolm Stewart, Kelvin R Westbrook, Lewis A Levey, Michael P Gallagher, Richard J Campo, William B Mcguire, William F Paulsen and William W Sengelmann. View Institutional Ownership Trends for Camden Property Trust.
Who sold Camden Property Trust stock? Who is selling Camden Property Trust stock?
Camden Property Trust's stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Asset Management Company LTD, Shell Asset Management Co., Strs Ohio, Municipal Employees Retirement System of Michigan, Baltimore Washington Financial Advisors Inc., US Bancorp DE, Xact Kapitalforvaltning AB and Creative Planning. Company insiders that have sold Camden Property Trust stock in the last year include F Gardner Parker, H Malcolm Stewart, Lewis A Levey, Richard J Campo, William B Mcguire, William F Paulsen and William W Sengelmann. View Insider Buying and Selling for Camden Property Trust.
Who bought Camden Property Trust stock? Who is buying Camden Property Trust stock?
Camden Property Trust's stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Congress Asset Management Co. MA, Gateway Investment Advisers LLC, Forsta AP Fonden, Mn Services Vermogensbeheer B.V., Ranger Global Real Estate Advisors LLC, ING Groep NV and Lincluden Management Ltd.. View Insider Buying and Selling for Camden Property Trust.
How do I buy Camden Property Trust stock?
Shares of Camden Property Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Camden Property Trust's stock price today?
MarketBeat Community Rating for Camden Property Trust (NYSE CPT)MarketBeat's community ratings are surveys of what our community members think about Camden Property Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Camden Property Trust stock can currently be purchased for approximately $88.29.
Consensus Ratings for Camden Property Trust (NYSE:CPT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||5 Hold Ratings, 7 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.58)|
|Consensus Price Target: ||$89.08 (0.90% upside)|
Analysts' Ratings History for Camden Property Trust (NYSE:CPT)
(Data available from 7/27/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/18/2017||Barclays PLC||Boost Price Target||Equal Weight||$85.00 -> $86.00||Low|
|7/16/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$91.00||Low|
|6/13/2017||KeyCorp||Upgrade||Sector Weight -> Overweight||$93.00||Low|
|5/25/2017||BMO Capital Markets||Upgrade||Market Perform -> Outperform||$81.00 -> $89.00||Low|
|5/18/2017||Evercore ISI||Upgrade||In-Line -> Outperform||$87.00 -> $90.00||Medium|
|4/24/2017||BTIG Research||Upgrade||Neutral -> Buy||$90.00||Low|
|3/10/2017||Goldman Sachs Group, Inc. (The)||Upgrade||Neutral -> Buy||$84.00 -> $94.00||Low|
|1/5/2017||Mitsubishi UFJ Financial Group||Upgrade||Underweight -> Neutral||$72.00 -> $80.00||N/A|
|11/23/2016||Bank of America Corporation||Upgrade||Neutral -> Buy||$91.00||N/A|
|9/30/2016||Citigroup Inc.||Lower Price Target||Neutral||$88.00 -> $84.00||N/A|
|8/10/2016||Robert W. Baird||Downgrade||Outperform -> Neutral||$83.00 -> $88.00||N/A|
|8/1/2016||Mizuho||Downgrade||Buy -> Neutral||$92.00 -> $93.00||N/A|
|7/18/2016||Deutsche Bank AG||Reiterated Rating||Hold||$83.00 -> $84.00||N/A|
|6/22/2016||Zelman & Associates||Downgrade||Hold -> Sell||N/A|
|6/2/2016||SunTrust Banks, Inc.||Downgrade||Buy -> Neutral||$87.00 -> $84.00||N/A|
|5/10/2016||Wells Fargo & Company||Reiterated Rating||Hold||N/A|
|4/30/2016||Credit Suisse Group||Reiterated Rating||Hold||N/A|
|3/31/2016||Sandler O'Neill||Downgrade||Buy -> Hold||N/A|
|3/2/2016||J P Morgan Chase & Co||Boost Price Target||Neutral||$83.00 -> $85.00||N/A|
|2/5/2016||BB&T Corporation||Boost Price Target||$90.50 -> $95.00||N/A|
|12/8/2015||Mitsubishi UFJ Financial Group Inc||Reiterated Rating||Underweight||N/A|
|9/17/2015||DA Davidson||Initiated Coverage||Buy||$86.00||N/A|
|9/8/2015||Evercore Partners Inc||Lower Price Target||Hold||$86.00 -> $82.00||N/A|
|7/31/2015||Stifel Nicolaus||Reiterated Rating||Buy||$84.00 -> $88.00||N/A|
Earnings History for Camden Property Trust (NYSE:CPT)Earnings History by Quarter for Camden Property Trust (NYSE CPT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/4/2017||Q1 2017||$1.10||$1.09||$218.19 million||$219.50 million||View||Listen|
|2/7/2017||Q416||$1.14||$1.15||$218.54 million||$217.14 million||View||Listen|
|10/27/2016||Q316||$1.10||$1.13||$218.51 million||$220.20 million||View||N/A|
|7/28/2016||Q216||$1.15||$1.15||$220.32 million||$221.50 million||View||N/A|
|4/28/2016||Q116||$1.19||$1.20||$231.63 million||$217.59 million||View||N/A|
|1/28/2016||Q415||$1.20||$1.20||$228.80 million||$229.67 million||View||Listen|
|10/29/2015||Q315||$1.15||$1.14||$225.87 million||$227.20 million||View||Listen|
|7/30/2015||Q215||$1.10||$1.12||$219.06 million||$220.65 million||View||Listen|
|4/30/2015||Q414||$1.07||$1.08||$216.10 million||$215.43 million||View||N/A|
|1/28/2015||Q314||$1.01||$1.10||$214.62 million||$216.45 million||View||N/A|
|7/31/2014||Q214||$1.04||$1.05||$208.94 million||$208.94 million||View||N/A|
|5/6/2014||Q1||$1.04||$1.05||$205.72 million||$205.90 million||View||N/A|
|11/1/2013||Q313||$1.02||$1.04||$208.00 million||$202.00 million||View||N/A|
|5/2/2013||Q113||$0.95||$0.96||$195.70 million||$196.20 million||View||N/A|
|1/31/2013||Q412||$0.96||$0.97||$195.85 million||$191.40 million||View||N/A|
|11/1/2012||Q312||$0.90||$0.93||$168.05 million||$166.18 million||View||N/A|
Earnings Estimates for Camden Property Trust (NYSE:CPT)
2017 EPS Consensus Estimate: $4.59
2018 EPS Consensus Estimate: $4.79
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Camden Property Trust (NYSE:CPT)
|Most Recent Dividend:||7/17/2017|
|Dividend Growth:||6.40% (3 Year Average)|
|Payout Ratio:||33.48% (Trailing 12 Months of Earnings) |
65.50% (Based on This Year's Estimates)
62.89% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Camden Property Trust (NYSE CPT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Camden Property Trust (NYSE:CPT)
Insider Ownership Percentage: 4.70%Insider Trades by Quarter for Camden Property Trust (NYSE:CPT)
Institutional Ownership Percentage: 91.90%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/13/2017||William F Paulsen||Director||Sell||2,227||$87.18||$194,149.86|| |
|3/21/2017||F Gardner Parker||Director||Sell||741||$81.03||$60,043.23|| |
|2/27/2017||William W Sengelmann||EVP||Sell||16,118||$84.79||$1,366,645.22|| |
|1/4/2017||Lewis A Levey||Director||Sell||2,931||$85.46||$250,483.26|| |
|1/4/2017||William W Sengelmann||EVP||Sell||1,540||$85.22||$131,238.80|| |
|11/7/2016||William B Mcguire||Director||Sell||2,124||$81.76||$173,658.24|| |
|9/22/2016||William W Sengelmann||EVP||Sell||5,878||$85.56||$502,921.68|| |
|9/8/2016||H Malcolm Stewart||COO||Sell||11,122||$89.63||$996,864.86|| |
|8/9/2016||H Malcolm Stewart||COO||Sell||11,446||$87.27||$998,892.42|| |
|8/2/2016||Richard J Campo||Chairman||Sell||22,318||$88.33||$1,971,348.94|| |
|6/24/2016||William W. Sengelmann||EVP||Sell||2,398||$84.50||$202,631.00|| |
|5/27/2016||Alexander J Jessett||CFO||Sell||11,936||$85.04||$1,015,037.44|| |
|5/26/2016||Michael P Gallagher||CAO||Sell||13,703||$84.82||$1,162,288.46|| |
|5/26/2016||William F Paulsen||Director||Sell||1,460||$85.10||$124,246.00|| |
|5/24/2016||Lewis A Levey||Director||Sell||3,949||$84.72||$334,559.28|| |
|5/17/2016||Richard J Campo||CEO||Sell||110,000||$85.80||$9,438,000.00|| |
|5/6/2016||H Malcolm Stewart||COO||Sell||32,207||$83.99||$2,705,065.93|| |
|5/6/2016||Lewis A Levey||Director||Sell||10,000||$84.54||$845,400.00|| |
|5/4/2016||Lewis A Levey||Director||Sell||10,000||$83.02||$830,200.00|| |
|1/5/2016||Alexander J. Jessett||CFO||Sell||5,026||$76.91||$386,549.66|| |
|1/5/2016||Kelvin R Westbrook||Director||Sell||425||$76.92||$32,691.00|| |
|1/5/2016||William W Sengelmann||EVP||Sell||1,960||$76.92||$150,763.20|| |
|11/3/2015||William B Mcguire||Director||Sell||3,827||$75.82||$290,163.14|| |
|9/8/2015||Lewis A Levey||Director||Sell||4,314||$70.30||$303,274.20|| |
|8/13/2015||Lewis A Levey||Director||Sell||10,000||$79.96||$799,600.00|| |
|6/18/2015||Lewis A Levey||Director||Sell||10,000||$77.30||$773,000.00|| |
|3/24/2015||H Malcolm Stewart||COO||Sell||12,427||$79.81||$991,798.87|| |
|2/19/2015||H Malcolm Stewart||COO||Sell||10,480||$74.55||$781,284.00|| |
|2/10/2015||D Keith Oden||President||Sell||13,376||$75.17||$1,005,473.92|| |
|1/5/2015||Alexander J Jessett||CFO||Sell||11,442||$75.07||$858,950.94|| |
|1/5/2015||H Malcolm Stewart||COO||Sell||9,628||$75.07||$722,773.96|| |
|1/5/2015||William B Mcguire||Director||Sell||1,006||$75.07||$75,520.42|| |
|1/5/2015||William W Sengelmann||EVP||Sell||1,782||$75.07||$133,774.74|| |
|11/12/2014||William B Mcguire||Director||Sell||1,403||$76.10||$106,768.30|| |
|9/15/2014||Lewis A Levey||Director||Sell||5,308||$69.90||$371,029.20|| |
|9/15/2014||Thomas H Sloan||SVP||Sell||3,093||$69.90||$216,200.70|| |
|9/10/2014||H Malcolm Stewart||COO||Sell||13,900||$73.25||$1,018,175.00|| |
|8/26/2014||Laurie Baker||SVP||Sell||1,480||$74.37||$110,067.60|| |
|8/19/2014||Lewis A Levey||Director||Sell||20,000||$74.64||$1,492,800.00|| |
|8/11/2014||William W Sengelmann||SVP||Sell||4,058||$73.46||$298,100.68|| |
|6/5/2014||Thomas H Sloan||SVP||Sell||1,000||$71.55||$71,550.00|| |
|5/29/2014||Cynthia B Scharringhausen||SVP||Sell||11,850||$70.00||$829,500.00|| |
|5/13/2014||Michael Gallagher||CAO||Sell||1,949||$71.44||$139,236.56|| |
|4/14/2014||Laurie Baker||SVP||Sell||1,000||$67.04||$67,040.00|| |
|4/7/2014||J Robert Fisher||SVP||Sell||2,620||$68.32||$178,998.40|| |
|3/26/2014||Laurie Baker||SVP||Sell||2,032||$67.58||$137,322.56|| |
|3/25/2014||Kimberly Callahan||SVP||Sell||2,930||$67.59||$198,038.70|| |
|3/25/2014||Lewis Levey||Director||Sell||6,185||$67.59||$418,044.15|| |
|1/9/2014||D Keith Oden||President||Sell||1,716||$58.53||$100,437.48|| |
|12/5/2013||William Mcguire||Director||Sell||1,539||$60.25||$92,724.75|| |
|9/19/2013||H Malcolm Stewart||COO||Sell||2,100||$67.03||$140,763.00|| |
|5/20/2013||William F Paulsen||Director||Sell||1,127||$74.98||$84,502.46|| |
|5/16/2013||Cynthia B Scharringhausen||SVP||Sell||7,917||$74.75||$591,795.75|| |
|5/16/2013||Dennis Steen||CFO||Sell||7,969||$74.71||$595,363.99|| |
|5/14/2013||H Malcolm Stewart||COO||Sell||27,407||$74.13||$2,031,680.91|| |
|5/14/2013||Kimberly Callahan||SVP||Sell||6,966||$74.10||$516,180.60|| |
|5/10/2013||Dennis Steen||CFO||Sell||9,722||$73.07||$710,386.54|| |
Headline Trends for Camden Property Trust (NYSE:CPT)
Latest Headlines for Camden Property Trust (NYSE:CPT)
Camden Property Trust (CPT) Chart for Thursday, July, 27, 2017