Camden Property Trust (CPT) Projected to Post Earnings on Thursday

Camden Property Trust (NYSE:CPT) is expected to announce its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $1.68 per share and revenue of $386.20 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Camden Property Trust Price Performance

Camden Property Trust stock opened at $114.34 on Wednesday. The company has a fifty day simple moving average of $116.04 and a 200-day simple moving average of $118.87. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 4.13 and a beta of 0.94. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Wednesday, December 18th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.60%. Camden Property Trust’s dividend payout ratio is presently 130.38%.

Insiders Place Their Bets

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the transaction, the chief executive officer now owns 300,135 shares in the company, 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 the SEC website. Also, Director Heather J. Brunner sold 264 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the sale, the director now owns 10,273 shares in the company, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock worth $2,895,718 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

CPT has been the topic of several recent research reports. Wells Fargo & Company lowered their target price on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $121.00 price objective on shares of Camden Property Trust in a research note on Wednesday, January 22nd. Mizuho cut their target price on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Scotiabank reduced their price target on 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, StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Two 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. According to MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and an average target price of $125.36.

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.