Camden Property Trust (NYSE:CPT) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Camden Property Trust (NYSE:CPT) announced its quarterly earnings data on Thursday. The real estate investment trust reported $1.73 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 and its Q1 2025 guidance to 1.660-1.700 EPS.

Camden Property Trust Trading Up 1.3 %

Shares of CPT stock traded up $1.49 during mid-day trading on Friday, hitting $119.19. The company’s stock had a trading volume of 716,860 shares, compared to its average volume of 839,489. The company has a market cap of $12.72 billion, a PE ratio of 37.64, a P/E/G ratio of 4.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The company’s fifty day simple moving average is $115.64 and its 200-day simple moving average is $118.85. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69.

Camden Property Trust Announces Dividend

The company also recently declared 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. The ex-dividend date was Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a yield of 3.46%. Camden Property Trust’s dividend payout ratio (DPR) is currently 130.38%.

Insider Buying and Selling

In other Camden Property Trust news, CFO Alexander J. Jessett sold 1,862 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $204,931.72. Following the completion of the sale, the chief financial officer now directly owns 122,384 shares in the company, valued at approximately $13,469,583.04. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the transaction, the director now owns 10,273 shares in the company, valued at $1,130,646.38. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock valued at $2,895,718 over the last 90 days. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CPT shares. Barclays reduced their price target on shares of Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating for the company in a report on Friday, January 24th. StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Royal Bank of Canada restated a “sector perform” rating and issued a $121.00 price target on shares of Camden Property Trust in a report on Wednesday, January 22nd. Stifel Nicolaus increased their price objective on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their target price for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Camden Property Trust currently has a consensus rating of “Hold” and a consensus target price of $125.42.

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.