Camden Property Trust (NYSE:CPT – Get Free Report) released its quarterly earnings data on Thursday. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.27), Zacks reports. The business had revenue of $387.15 million during the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.95%. During the same period last year, the company posted $1.70 earnings per share. Camden Property Trust updated its FY 2024 guidance to 6.740-6.840 EPS and its Q3 2024 guidance to 1.660-1.700 EPS.
Camden Property Trust Price Performance
CPT stock traded up $3.13 during trading on Friday, reaching $118.20. The company’s stock had a trading volume of 2,342,878 shares, compared to its average volume of 835,443. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $121.29. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $12.59 billion, a P/E ratio of 28.97, a price-to-earnings-growth ratio of 4.50 and a beta of 0.88. The company’s fifty day moving average is $108.92 and its 200-day moving average is $102.12.
Camden Property Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th were paid a $1.03 dividend. The ex-dividend date was Friday, June 28th. This represents a $4.12 dividend on an annualized basis and a yield of 3.49%. Camden Property Trust’s payout ratio is presently 100.98%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Camden Property Trust
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 58,634 apartment homes across the United States.
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