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

Camden Property Trust (NYSE:CPT) released its quarterly earnings results on Thursday. The real estate investment trust reported $1.73 earnings per share 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 Stock Up 1.3 %

NYSE CPT traded up $1.55 on Thursday, hitting $117.82. 1,192,236 shares of the stock traded hands, compared to its average volume of 838,641. The stock has a 50-day moving average of $115.82 and a 200 day moving average of $118.86. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69. The company has a market capitalization of $12.57 billion, a P/E ratio of 37.29, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Wednesday, December 18th. Camden Property Trust’s payout ratio is currently 130.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CPT shares. Mizuho lowered their price target on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company lowered their price target on 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. Barclays lowered their price target on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group initiated coverage on Camden Property Trust in a research report on Friday, October 11th. They issued a “hold” rating and a $123.00 target price for the company. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $125.36.

Insider Buying and Selling at Camden Property Trust

In related news, Director Heather J. Brunner sold 264 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the sale, the director now directly owns 10,273 shares in the company, valued at $1,130,646.38. This trade represents a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard J. Campo sold 7,324 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 value of $838,598.00. Following the completion of the sale, the chief executive officer now owns 300,135 shares in the company, valued at approximately $34,365,457.50. This represents a 2.38 % 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 quarter. 1.90% of the stock is owned by corporate insiders.

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.