Camden Property Trust (NYSE:CPT) Issues Earnings Results

Camden Property Trust (NYSE:CPT) released its earnings results on Thursday. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05, Zacks reports. Camden Property Trust had a return on equity of 6.97% and a net margin of 22.32%. Camden Property Trust updated its FY 2025 guidance to 6.600-6.900 EPS.

Camden Property Trust Stock Up 1.3 %

NYSE CPT traded up $1.55 during trading on Thursday, reaching $117.82. 1,192,242 shares of the company’s stock traded hands, compared to its average volume of 845,881. Camden Property Trust has a 12-month low of $90.50 and a 12-month high of $127.69. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 37.29, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The company’s 50 day simple moving average is $115.82 and its two-hundred day simple moving average is $118.86.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Wednesday, December 18th. Camden Property Trust’s dividend payout ratio (DPR) is 130.38%.

Insider Activity

In other news, CFO Alexander J. Jessett sold 13,067 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the transaction, the chief financial officer now owns 124,246 shares of the company’s stock, valued at approximately $14,226,167. The trade was a 9.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard J. Campo sold 7,324 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the sale, the chief executive officer now owns 300,135 shares in the company, valued at $34,365,457.50. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,413 shares of company stock worth $2,895,718. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CPT. StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Wells Fargo & Company decreased their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group began coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 target price for the company. Scotiabank reduced their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Finally, Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and lifted their target price for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $125.36.

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.