Camden Property Trust (CPT) Scheduled to Post Quarterly Earnings on Thursday

Camden Property Trust (NYSE:CPT) is scheduled to issue its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $1.68 per share for the quarter. Camden Property Trust has set its FY 2024 guidance at 6.740-6.840 EPS and its Q3 2024 guidance at 1.660-1.700 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). The company had revenue of $387.15 million for the quarter, compared to analyst estimates of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same quarter in the previous year, the firm earned $1.70 EPS. On average, analysts expect Camden Property Trust to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Camden Property Trust Trading Up 0.3 %

NYSE:CPT opened at $118.67 on Tuesday. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $127.69. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 4.51 and a beta of 0.90. The firm has a fifty day simple moving average of $122.42 and a two-hundred day simple moving average of $112.93.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a $1.03 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.47%. Camden Property Trust’s dividend payout ratio is presently 100.98%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Piper Sandler upped their price target on Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Royal Bank of Canada lowered Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 target price on the stock. in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Scotiabank upped their price objective on shares of Camden Property Trust from $125.00 to $132.00 and gave the stock a “sector perform” rating in a report on Monday, September 16th. Finally, Evercore ISI lifted their price objective on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Fifteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $121.76.

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.