Camden Property Trust (CPT)

NYSE: CPT · IEX Real-Time Price · USD
96.63
+1.34 (1.41%)
Apr 19, 2024, 12:41 PM EDT - Market open
1.41%
Market Cap 10.34B
Revenue (ttm) 1.56B
Net Income (ttm) 403.31M
Shares Out 106.97M
EPS (ttm) 3.70
PE Ratio 25.98
Forward PE 55.99
Dividend $4.12 (4.26%)
Ex-Dividend Date Mar 27, 2024
Volume 206,248
Open 95.71
Previous Close 95.29
Day's Range 95.65 - 96.92
52-Week Range 82.81 - 114.04
Beta 0.85
Analysts Buy
Price Target 105.25 (+8.92%)
Earnings Date May 2, 2024

About CPT

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. Upon completion of 4 properties currently under development, the Company's portfolio will increase to 59,800 apartment homes in 176 properties. Camden has been recognized as one of the 100 Best Companies to Work For by FORTUNE magazine fo... [Read more]

Sector Real Estate
IPO Date Jul 22, 1993
Employees 1,640
Stock Exchange NYSE
Ticker Symbol CPT
Full Company Profile

Financial Performance

In 2023, CPT's revenue was $1.56 billion, an increase of 10.66% compared to the previous year's $1.41 billion. Earnings were $403.31 million, a decrease of -38.30%.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for CPT stock is "Buy." The 12-month stock price forecast is $105.25, which is an increase of 8.92% from the latest price.

Price Target
$105.25
(8.92% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Camden Property Trust Announces Executive Changes

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) today announced its Board of Trust Managers has appointed D. Keith Oden from Executive Vice Chairman of the Board and President to Executive ...

1 day ago - Business Wire

Camden Property Trust Announces First Quarter 2024 Earnings Release and Conference Call Dates

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the “Company”) announced today that its first quarter 2024 earnings will be released after the market closes on Thursday, May 2, 2024. Manag...

14 days ago - Business Wire

Camden Property Trust Announces Participation in Citi's 2024 Global Property CEO Conference and Provides First Quarter 2024 Operating Update

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the “Company”) announced today that the Company will participate in Citi's 2024 Global Property CEO Conference. Camden's roundtable discussi...

6 weeks ago - Business Wire

Why U.S. renters are taking corporate landlords to court

U.S. landlords who use RealPage products to set prices on rental apartments are facing accusations of collusion.

Other symbols: AVBEQRJBGSMAA
2 months ago - CNBC

Camden Property Trust Announces 2023 Operating Results, 2024 Financial Outlook, and First Quarter 2024 Dividend

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the "Company") announced today operating results for the three and twelve months ended December 31, 2023. Net Income Attributable to Common ...

2 months ago - Business Wire

Camden Property Trust Announces Tax Characteristics of 2023 Distributions

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) announced today the income tax characteristics of its 2023 distributions paid to shareholders as they will be reported on Form 1099-DIV. The ...

3 months ago - Business Wire

Camden Property Trust Announces Fourth Quarter 2023 Earnings Release and Conference Call Dates

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the “Company”) announced today that its fourth quarter 2023 earnings will be released after the market closes on Thursday, February 1, 2024....

3 months ago - Business Wire

Camden Property Trust Prices $400 Million 4.900% Senior Unsecured Notes Due 2034

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) today announced it has priced a $400 million offering of senior unsecured notes under its existing shelf registration. These 10-year notes we...

3 months ago - Business Wire

Camden Property Trust Announces Fourth Quarter 2023 Dividend

HOUSTON--(BUSINESS WIRE)--The Board of Trust Managers of Camden Property Trust (NYSE:CPT) (the “Company”) declared a fourth quarter cash dividend of $1.00 per share to holders of record as of December...

4 months ago - Business Wire

Camden Property Trust Closes $500 Million 5.850% Senior Unsecured Note Offering

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) today announced it has closed the offering of $500 million senior unsecured notes due 2026. These three-year notes were issued at 99.997% of ...

5 months ago - Business Wire

Major landlords, RealPage sued in DC for alleged rent fixing scheme

D.C. Attorney General Brian Schwalb announced a lawsuit against 14 landlords in the district and RealPage for allegedly illegally raising rent prices.

Other symbols: AVBEQRJBGSMAAUDR
6 months ago - CNBC

Camden Property Trust Prices $500 Million 5.850% Senior Unsecured Notes Due 2026

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) today announced it has priced a $500 million offering of senior unsecured notes under its existing shelf registration. These three-year notes...

6 months ago - Business Wire

Camden Property Trust Announces Third Quarter 2023 Operating Results

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the "Company") announced today operating results for the three and nine months ended September 30, 2023. Net Income Attributable to Common S...

6 months ago - Business Wire

Camden Property Trust Announces Third Quarter 2023 Earnings Release and Conference Call Dates

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the “Company”) announced today that its third quarter 2023 earnings will be released after the market closes on Thursday, October 26, 2023. ...

7 months ago - Business Wire

2025 looks like a great year for fundamentals in real estate, says BMO's John Kim

John Kim, analyst at BMO Capital Markets, joins 'Squawk on the Street' to discuss how REITs typically perform with higher bond yields, the underlying financing for new or existing developments, and pl...

Other symbols: BXPPLD
7 months ago - CNBC Television

Camden Property Trust Announces Third Quarter 2023 Dividend

HOUSTON--(BUSINESS WIRE)--The Board of Trust Managers of Camden Property Trust (NYSE:CPT) (the “Company”) declared a third quarter cash dividend of $1.00 per share to holders of record as of September...

7 months ago - Business Wire

Camden Property Trust Announces Participation in BofA Securities 2023 Global Real Estate Conference and Provides Third Quarter 2023 Operating Update

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the “Company”) announced today that the Company will participate in the BofA Securities 2023 Global Real Estate Conference to be held Septem...

8 months ago - Business Wire

Camden Property Trust Announces Second Quarter 2023 Operating Results

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the "Company") announced today operating results for the three and six months ended June 30, 2023. Net Income Attributable to Common Shareho...

9 months ago - Business Wire

Camden Property Trust Announces Second Quarter 2023 Earnings Release and Conference Call Dates

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the “Company”) announced today that its second quarter 2023 earnings will be released after the market closes on Thursday, August 3, 2023. M...

10 months ago - Business Wire

Don't be a landlord—own these REITs instead

Who would be a landlord? The costs are high, the risks are huge, and the so-called “passive income” is uncertain.

10 months ago - Market Watch

Camden Property Trust Announces Second Quarter 2023 Dividend

HOUSTON--(BUSINESS WIRE)--The Board of Trust Managers of Camden Property Trust (NYSE:CPT) (the “Company”) declared a second quarter cash dividend of $1.00 per share to holders of record as of June 30,...

11 months ago - Business Wire

Camden Property Trust Announces Participation in Nareit's REITweek 2023 Investor Conference and Provides Second Quarter 2023 Operating Update

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE: CPT) (the “Company”) announced today that it will participate in Nareit's REITweek 2023 Investor Conference which is being held June 6-8, 2023. T...

11 months ago - Business Wire

Camden Property Trust Retires $185.2 Million of Secured Variable Rate Debt

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the “Company”) announced today that it utilized its unsecured revolving credit facility to retire approximately $185.2 million of secured va...

11 months ago - Business Wire

Camden Property Trust Announces First Quarter 2023 Operating Results

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the "Company") announced today operating results for the three months ended March 31, 2023. Net Income Attributable to Common Shareholders (...

1 year ago - Business Wire

Camden Property Trust Announces First Quarter 2023 Earnings Release and Conference Call Dates

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the “Company”) announced today that its first quarter 2023 earnings will be released after the market closes on Thursday, April 27, 2023. Ma...

1 year ago - Business Wire