Camden Property Trust (CPT) Scheduled to Post Earnings on Thursday

Camden Property Trust (NYSE:CPT) is set to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Camden Property Trust to post earnings of $1.66 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, topping the consensus estimate of $1.72 by $0.31. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The company had revenue of $387.59 million during the quarter, compared to analysts’ expectations of $387.33 million. During the same quarter in the previous year, the business posted $1.74 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. On average, analysts expect Camden Property Trust to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Camden Property Trust Trading Up 0.3 %

NYSE CPT opened at $98.85 on Thursday. The firm has a 50 day moving average of $97.14 and a two-hundred day moving average of $95.12. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $114.04. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $10.76 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 3.68 and a beta of 0.83.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were issued a $1.03 dividend. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. This represents a $4.12 annualized dividend and a dividend yield of 4.17%. Camden Property Trust’s dividend payout ratio is presently 111.35%.

Analyst Upgrades and Downgrades

CPT has been the subject of several research analyst reports. Morgan Stanley upped their target price on shares of Camden Property Trust from $95.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. Truist Financial upped their target price on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Piper Sandler restated an “underweight” rating and issued a $90.00 target price on shares of Camden Property Trust in a report on Tuesday, March 26th. Barclays downgraded shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $138.00 to $100.00 in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $103.00 price target on shares of Camden Property Trust in a research report on Monday, February 5th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Camden Property Trust presently has a consensus rating of “Hold” and a consensus price target of $104.29.

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 58,634 apartment homes across the United States.