Camden Property Trust (NYSE:CPT) announced its quarterly earnings results on January 5, 2024. The real estate investment trust reported earnings per share (EPS) of $1.44, falling short of analysts’ expectations, which had estimated an EPS of $1.73. Despite the earnings miss, the company achieved revenue of $396.08 million, exceeding the forecast of $393.05 million, according to FiscalAI.
The company’s financial metrics indicate stability, with a net margin of 17.15% and a return on equity of 5.75%. In light of its performance, Camden Property Trust updated its guidance for the first quarter of 2026, projecting an EPS range of $1.640-$1.680. For the full fiscal year 2026, the company anticipates an EPS between $6.600 and $6.900.
Stock Performance and Market Analysis
Following the earnings announcement, shares of Camden Property Trust traded down by $2.26, closing at $106.45. On that day, 1,910,618 shares were exchanged, compared to an average volume of 1,396,298. The company currently maintains a market capitalization of $11.32 billion and exhibits a price-to-earnings ratio of 43.10.
Camden’s financial health is further indicated by its quick ratio and current ratio, both reported at 0.13. The debt-to-equity ratio stands at 0.81. Over the past year, the stock has fluctuated significantly, with a low of $97.17 and a high of $126.55.
Dividend and Insider Activity
Camden Property Trust recently declared a quarterly dividend of $1.05 per share, which was paid on December 17, 2023. This translates to an annualized dividend of $4.20 and a dividend yield of 3.9%. Notably, the company’s payout ratio is currently at 170.04%.
In terms of insider trading, Chief Financial Officer Alexander J. Jessett sold 5,627 shares of the company’s stock on January 5, 2024, at an average price of $109.69, amounting to a total value of approximately $617,225.63. Following this transaction, Jessett retains 141,821 shares valued at about $15,556,345.49, representing a decrease of 3.82% in his holdings.
Additionally, Director Heather J. Brunner sold 2,104 shares on the same date, with a total transaction value of $230,787.76. This sale resulted in a 17.09% reduction in her shares. In total, insiders have sold 52,288 shares valued at $5,741,857 in the last quarter, with corporate insiders now owning 1.80% of the company’s stock.
A number of institutional investors have also adjusted their positions in Camden Property Trust recently. Notably, CYBER HORNET ETFs LLC acquired a new stake valued at $32,000, while BOKF NA significantly increased its stake by 19,350.0% in the third quarter, now owning 778 shares worth $83,000.
Camden Property Trust specializes in the ownership, development, and management of multifamily residential communities across the United States. Its portfolio encompasses a diverse mix of properties, primarily located in high-growth regions of the Sun Belt and major metropolitan markets. The company focuses on high occupancy rates and resident satisfaction, ensuring operational efficiency through consistent leasing and maintenance practices.
