Camden Property Trust (CPT) To Go Ex-Dividend on December 18th

Camden Property Trust (NYSE:CPT) announced a quarterly dividend on Wednesday, December 4th,RTT News reports. Shareholders of record on Wednesday, December 18th will be paid a dividend of 1.03 per share by the real estate investment trust on Friday, January 17th. This represents a $4.12 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Wednesday, December 18th.

Camden Property Trust has increased its dividend by an average of 6.4% annually over the last three years. Camden Property Trust has a dividend payout ratio of 255.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Camden Property Trust to earn $6.90 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 59.7%.

Camden Property Trust Trading Down 0.6 %

Shares of NYSE:CPT opened at $120.17 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 4.40 and a beta of 0.92. The company has a 50 day moving average price of $120.61 and a 200 day moving average price of $117.50. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. BNP Paribas started coverage on shares of Camden Property Trust in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price objective on the stock. Wells Fargo & Company raised Camden Property Trust from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $104.00 to $127.00 in a research report on Monday, August 26th. The Goldman Sachs Group began coverage on shares of Camden Property Trust in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 target price for the company. Finally, Scotiabank reduced their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and a consensus price target of $123.75.

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.