Camden Property Trust said on February 2, 2023 that its board of directors declared a regular
quarterly dividend of $1.00 per share ($4.00 annualized).
Shareholders of record as of March 30, 2023
will receive the payment on April 17, 2023.
Previously, the company paid $0.94 per share.
At the current share price of $121.74 / share,
the stock’s dividend yield is 3.29%.
Looking back five years and taking a sample every week, the average dividend yield has been
3.07%,
the lowest has been 1.88%,
and the highest has been 4.93%.
The standard deviation of yields is 0.53 (n=236).
The current dividend yield is
0.40 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.49.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.13%,
demonstrating that it has increased its dividend over time.
Analyst Price Forecast Suggests 15.02% Upside
As of February 3, 2023,
the average one-year price target for Camden Property Trust is $140.03.
The forecasts range from a low of $118.17 to a high of $218.40.
The average price target represents an increase of 15.02% from its latest reported closing price of $121.74.
The projected annual revenue for Camden Property Trust
is $1,574MM, an increase of 15.01%.
The projected annual EPS
is $1.49, a decrease of 80.57%.
Fund Sentiment
There are 1280 funds or institutions reporting positions in Camden Property Trust.
This is a decrease
of
62
owner(s) or 4.62%.
Average portfolio weight of all funds dedicated to US:CPT is 0.3468%,
a decrease
of 13.9074%.
Total shares owned by institutions decreased
in the last three months by 1.00% to 118,232K shares.
What are large shareholders doing?
Cohen & Steers
holds 11,319,751 shares
representing 10.63% ownership of the company.
In it’s prior filing, the firm reported owning 9,561,365 shares, representing
an increase
of 15.53%.
The firm
increased
its portfolio allocation in CPT by 19.78% over the last quarter.
VGSIX – Vanguard Real Estate Index Fund Investor Shares
holds 4,588,093 shares
representing 4.31% ownership of the company.
In it’s prior filing, the firm reported owning 4,506,185 shares, representing
an increase
of 1.79%.
The firm
increased
its portfolio allocation in CPT by 0.41% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 3,162,441 shares
representing 2.97% ownership of the company.
In it’s prior filing, the firm reported owning 3,134,565 shares, representing
an increase
of 0.88%.
The firm
decreased
its portfolio allocation in CPT by 6.59% over the last quarter.
Jpmorgan Chase &
holds 3,092,482 shares
representing 2.90% ownership of the company.
In it’s prior filing, the firm reported owning 4,430,064 shares, representing
a decrease
of 43.25%.
The firm
decreased
its portfolio allocation in CPT by 36.08% over the last quarter.
VIMSX – Vanguard Mid-Cap Index Fund Investor Shares
holds 2,453,656 shares
representing 2.30% ownership of the company.
In it’s prior filing, the firm reported owning 2,451,776 shares, representing
an increase
of 0.08%.
The firm
decreased
its portfolio allocation in CPT by 7.06% over the last quarter.
Camden Property Trust Background Information
(This description is provided by the company.)
Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States. Upon completion of 7 properties currently under development, the Company’s portfolio will increase to 59,104 apartment homes in 174 properties. Camden has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 13 consecutive years, most recently ranking #18. The Company also received a Glassdoor Employees’ Choice Award in 2020, ranking #25 for large U.S. companies.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
