Camden Property Trust (CPT) to Release Quarterly Earnings on Thursday

Camden Property Trust (NYSE:CPT - Get Free Report) is anticipated to release its earnings data after the market closes on Thursday, February 6th. Analysts expect Camden Property Trust to post earnings of $1.68 per share and revenue of $386.19 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

Shares of NYSE CPT traded up $2.88 during mid-day trading on Thursday, reaching $113.46. 373,130 shares of the company were exchanged, compared to its average volume of 793,311. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69. The company's 50 day moving average price is $116.83 and its 200 day moving average price is $118.77. The stock has a market capitalization of $12.10 billion, a PE ratio of 35.91, a PEG ratio of 4.03 and a beta of 0.94. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72.

Camden Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.63%. The ex-dividend date was Wednesday, December 18th. Camden Property Trust's dividend payout ratio is currently 130.38%.

Insider Buying and Selling at Camden Property Trust

In other news, CFO Alexander J. Jessett sold 13,067 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 transaction of $1,496,171.50. Following the completion of the sale, the chief financial officer now owns 124,246 shares of the company's stock, valued at $14,226,167. The trade was a 9.52 % decrease in their position. The sale 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 Camden Property Trust stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the transaction, the director now owns 10,537 shares in the company, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,413 shares of company stock worth $2,895,718. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on CPT shares. Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They set a "hold" rating and a $123.00 price target for the company. Stifel Nicolaus cut shares of Camden Property Trust from a "buy" rating to a "hold" rating and raised their target price for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. Royal Bank of Canada reissued a "sector perform" rating and set a $121.00 price target on shares of Camden Property Trust in a research report on Wednesday, January 22nd. Mizuho decreased their target price on Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating for the company in a report on Monday, January 6th. Finally, Scotiabank cut their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating on the stock in a research note on Thursday, November 14th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.