Camden Property Trust (NYSE:CPT – Get Free Report) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27), Zacks reports. The firm had revenue of $387.15 million during the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.95%. During the same quarter last year, the firm posted $1.70 earnings per share. Camden Property Trust updated its FY 2024 guidance to 6.740-6.840 EPS and its Q3 2024 guidance to 1.660-1.700 EPS.
Camden Property Trust Price Performance
Shares of CPT traded up $3.13 during trading hours on Friday, hitting $118.20. 2,342,878 shares of the company were exchanged, compared to its average volume of 835,443. The firm has a fifty day simple moving average of $108.92 and a 200-day simple moving average of $102.12. The company has a market capitalization of $12.59 billion, a PE ratio of 28.97, a PEG ratio of 4.50 and a beta of 0.88. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43. Camden Property Trust has a one year low of $82.81 and a one year high of $121.29.
Camden Property Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.49%. Camden Property Trust’s dividend payout ratio (DPR) is presently 100.98%.
Wall Street Analyst Weigh In
Read Our Latest Analysis on Camden Property Trust
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 58,634 apartment homes across the United States.
Recommended Stories
- Five stocks we like better than Camden Property Trust
- Compound Interest and Why It Matters When Investing
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- Why is the Ex-Dividend Date Significant to Investors?
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- Technology Stocks Explained: Here’s What to Know About Tech
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for Camden Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.