Camden Property Trust (NYSE:CPT) Posts Quarterly Earnings Results

Camden Property Trust (NYSE:CPT) posted its quarterly earnings results on Thursday. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate 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 and its Q1 2025 guidance to 1.660-1.700 EPS.

Camden Property Trust Trading Up 1.3 %

CPT stock traded up $1.49 during trading on Friday, hitting $119.19. 716,860 shares of the company traded hands, compared to its average volume of 839,489. The company has a 50-day moving average of $115.64 and a 200-day moving average of $118.85. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69. The firm has a market capitalization of $12.72 billion, a PE ratio of 37.64, a P/E/G ratio of 4.13 and a beta of 0.94.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th were issued a $1.03 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $4.12 annualized dividend and a dividend yield of 3.46%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CPT. Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They issued a “hold” rating and a $123.00 price target on the stock. Scotiabank cut their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Wells Fargo & Company lowered their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. JPMorgan Chase & Co. lowered shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Finally, StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $125.42.

Insiders Place Their Bets

In related news, CEO Richard J. Campo sold 7,324 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 $838,598.00. Following the sale, the chief executive officer now owns 300,135 shares of the company’s stock, valued at $34,365,457.50. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Heather J. Brunner sold 1,853 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the transaction, the director now directly owns 10,537 shares of the company’s stock, valued at $1,206,486.50. This represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock valued at $2,895,718 in the last ninety days. Company insiders own 1.90% of the company’s stock.

About Camden Property Trust

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.