Camden Property Trust (NYSE:CPT – Get Free Report) declared a quarterly dividend on Monday, June 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of 1.06 per share by the real estate investment trust on Friday, July 17th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, June 30th.
Camden Property Trust has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Camden Property Trust has a dividend payout ratio of 273.5% meaning 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 $6.95 per share next year, which means the company should continue to be able to cover its $4.24 annual dividend with an expected future payout ratio of 61.0%.
Camden Property Trust Stock Performance
NYSE:CPT opened at $112.30 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.42 and a quick ratio of 0.42. Camden Property Trust has a 1-year low of $96.53 and a 1-year high of $117.50. The firm has a 50-day moving average of $105.96 and a two-hundred day moving average of $106.01. The stock has a market cap of $11.29 billion, a P/E ratio of 31.37, a PEG ratio of 8.58 and a beta of 0.80.
Camden Property Trust Company Profile
Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.
Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.
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