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

Camden Property Trust (NYSE:CPT) declared a quarterly dividend on Monday, September 15th, RTT News reports. Investors 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 of this dividend is Tuesday, September 30th.

Camden Property Trust has a 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. 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

CPT opened at $107.11 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $11.44 billion, a price-to-earnings ratio of 74.90, a PEG ratio of 3.63 and a beta of 0.80. The business’s fifty day simple moving average is $109.12 and its 200-day simple moving average is $113.36. Camden Property Trust has a 12-month low of $102.35 and a 12-month high of $127.65.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.01. The firm had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $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. On average, equities research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

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.