Camden Property Trust (NYSE:CPT) to Issue Quarterly Dividend of $1.05

Camden Property Trust (NYSE:CPT - Get Free Report) announced a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 1.05 per share by the real estate investment trust on Thursday, April 17th. This represents a $4.20 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03.

Camden Property Trust has raised its dividend payment by an average of 7.5% per year over the last three years. Camden Property Trust has a dividend payout ratio of 249.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Camden Property Trust to earn $7.10 per share next year, which means the company should continue to be able to cover its $4.12 annual dividend with an expected future payout ratio of 58.0%.

Camden Property Trust Stock Up 0.5 %

NYSE:CPT traded up $0.63 during mid-day trading on Tuesday, reaching $119.97. The company's stock had a trading volume of 1,571,866 shares, compared to its average volume of 900,302. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69. The stock has a fifty day moving average of $115.37 and a 200-day moving average of $119.08. The firm has a market capitalization of $12.80 billion, a PE ratio of 79.98, a price-to-earnings-growth ratio of 4.27 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 (NYSE:CPT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.32%. Equities research analysts forecast that Camden Property Trust will post 6.8 earnings per share for the current year.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of the company'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 $29,055.84. Following the sale, the director now directly owns 10,273 shares of the company's stock, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the sale, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,413 shares of company stock valued at $2,895,718. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Stifel Nicolaus increased their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research report on Friday. Royal Bank of Canada increased their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research report on Monday. Scotiabank decreased their price target on shares of Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th. StockNews.com lowered shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Friday, November 1st. Finally, Evercore ISI increased their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $126.03.

Camden Property Trust Company Profile

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.