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CPT

Camden Property Trust NYSE:CPT Stock Report

Last Price

US$118.22

Market Cap

US$12.8b

7D

-3.7%

1Y

-19.8%

Updated

29 Sep, 2022

Data

Company Financials +
CPT fundamental analysis
Snowflake Score
Valuation6/6
Future Growth0/6
Past Performance4/6
Financial Health1/6
Dividends5/6

CPT Stock Overview

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 Property Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Camden Property Trust
Historical stock prices
Current Share PriceUS$118.22
52 Week HighUS$180.37
52 Week LowUS$116.77
Beta0.79
1 Month Change-9.33%
3 Month Change-13.11%
1 Year Change-19.84%
3 Year Change5.64%
5 Year Change27.69%
Change since IPO414.00%

Recent News & Updates

Sep 15

Camden Property Trust declares $0.94 dividend

Camden Property Trust (NYSE:CPT) declares $0.94/share quarterly dividend, in line with previous. Forward yield 2.91% Payable Oct. 17; for shareholders of record Sept. 30; ex-div Sept. 29. See CPT Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

CPTUS REITsUS Market
7D-3.7%-6.4%-3.1%
1Y-19.8%-20.3%-21.5%

Return vs Industry: CPT matched the US REITs industry which returned -19.2% over the past year.

Return vs Market: CPT matched the US Market which returned -20.3% over the past year.

Price Volatility

Is CPT's price volatile compared to industry and market?
CPT volatility
CPT Average Weekly Movement3.2%
REITs Industry Average Movement4.0%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: CPT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CPT's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19931,700Ric Campohttps://www.camdenliving.com

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 Property Trust Fundamentals Summary

How do Camden Property Trust's earnings and revenue compare to its market cap?
CPT fundamental statistics
Market CapUS$12.79b
Earnings (TTM)US$819.08m
Revenue (TTM)US$1.29b

15.4x

P/E Ratio

9.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CPT income statement (TTM)
RevenueUS$1.29b
Cost of RevenueUS$483.41m
Gross ProfitUS$811.00m
Other Expenses-US$8.08m
EarningsUS$819.08m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)7.69
Gross Margin62.65%
Net Profit Margin63.28%
Debt/Equity Ratio72.2%

How did CPT perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

57%

Payout Ratio

Does CPT pay a reliable dividends?

See CPT dividend history and benchmarks
When do you need to buy CPT by to receive an upcoming dividend?
Camden Property Trust dividend dates
Ex Dividend DateSep 29 2022
Dividend Pay DateOct 17 2022
Days until Ex dividend2 days
Days until Dividend pay date16 days

Does CPT pay a reliable dividends?

See CPT dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is CPT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CPT?

Other financial metrics that can be useful for relative valuation.

CPT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue12.6x
Enterprise Value/EBITDA21.8x
PEG Ratio-0.3x

Price to Earnings Ratio vs Peers

How does CPT's PE Ratio compare to its peers?

CPT PE Ratio vs Peers
The above table shows the PE ratio for CPT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average57.2x
AMH American Homes 4 Rent
57.8x8.6%US$13.1b
ELS Equity LifeStyle Properties
41.3x3.9%US$12.2b
UDR UDR
89.2x27.2%US$14.2b
ESS Essex Property Trust
40.3x14.2%US$16.1b
CPT Camden Property Trust
15.4x-47.0%US$12.8b

Price-To-Earnings vs Peers: CPT is good value based on its Price-To-Earnings Ratio (15.4x) compared to the peer average (57.2x).


Price to Earnings Ratio vs Industry

How does CPT's PE Ratio compare vs other companies in the US REITs Industry?

Price-To-Earnings vs Industry: CPT is good value based on its Price-To-Earnings Ratio (15.4x) compared to the US REITs industry average (26.6x)


Price to Earnings Ratio vs Fair Ratio

What is CPT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CPT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.4x
Fair PE Ratio17.3x

Price-To-Earnings vs Fair Ratio: CPT is good value based on its Price-To-Earnings Ratio (15.4x) compared to the estimated Fair Price-To-Earnings Ratio (17.3x).


Share Price vs Fair Value

What is the Fair Price of CPT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CPT ($118.22) is trading below our estimate of fair value ($213.2)

Significantly Below Fair Value: CPT is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Camden Property Trust forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-47.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CPT's earnings are forecast to decline over the next 3 years (-47% per year).

Earnings vs Market: CPT's earnings are forecast to decline over the next 3 years (-47% per year).

High Growth Earnings: CPT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CPT's revenue (7% per year) is forecast to grow slower than the US market (7.7% per year).

High Growth Revenue: CPT's revenue (7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CPT's Return on Equity is forecast to be low in 3 years time (4.8%).


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Past Performance

How has Camden Property Trust performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


12.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CPT has a large one-off gain of $684.9M impacting its June 30 2022 financial results.

Growing Profit Margin: CPT's current net profit margins (63.3%) are higher than last year (11.5%).


Past Earnings Growth Analysis

Earnings Trend: CPT's earnings have grown by 12.6% per year over the past 5 years.

Accelerating Growth: CPT's earnings growth over the past year (552.8%) exceeds its 5-year average (12.6% per year).

Earnings vs Industry: CPT earnings growth over the past year (552.8%) exceeded the REITs industry 45.8%.


Return on Equity

High ROE: CPT's Return on Equity (16%) is considered low.


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Financial Health

How is Camden Property Trust's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CPT's short term assets ($92.5M) do not cover its short term liabilities ($775.1M).

Long Term Liabilities: CPT's short term assets ($92.5M) do not cover its long term liabilities ($3.5B).


Debt to Equity History and Analysis

Debt Level: CPT's net debt to equity ratio (70.8%) is considered high.

Reducing Debt: CPT's debt to equity ratio has reduced from 75.6% to 72.2% over the past 5 years.

Debt Coverage: CPT's debt is not well covered by operating cash flow (17.8%).

Interest Coverage: CPT's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet


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Dividend

What is Camden Property Trust current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.18%

Current Dividend Yield

Dividend Yield vs Market

Camden Property Trust Dividend Yield vs Market
How does Camden Property Trust dividend yield compare to the market?
SegmentDividend Yield
Company (Camden Property Trust)3.2%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (REITs)4.1%
Analyst forecast in 3 Years (Camden Property Trust)3.3%

Notable Dividend: CPT's dividend (3.18%) is higher than the bottom 25% of dividend payers in the US market (1.64%).

High Dividend: CPT's dividend (3.18%) is low compared to the top 25% of dividend payers in the US market (4.61%).


Stability and Growth of Payments

Stable Dividend: CPT's dividends per share have been stable in the past 10 years.

Growing Dividend: CPT's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (56.7%), CPT's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (61.6%), CPT's dividend payments are covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

9.5yrs

Average management tenure


CEO

Ric Campo (67 yo)

29.33yrs

Tenure

US$4,285,423

Compensation

Mr. Richard J. Campo, also known as Ric, serves as the Chief Executive Officer, Chairman and Trust Manager of Camden Property Trust since May 01, 1993. As the Chairman and CEO of one of the nation’s larges...


CEO Compensation Analysis

Ric Campo's Compensation vs Camden Property Trust Earnings
How has Ric Campo's remuneration changed compared to Camden Property Trust's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$819m

Mar 31 2022n/an/a

US$353m

Dec 31 2021US$4mUS$600k

US$303m

Sep 30 2021n/an/a

US$120m

Jun 30 2021n/an/a

US$125m

Mar 31 2021n/an/a

US$112m

Dec 31 2020US$4mUS$583k

US$124m

Sep 30 2020n/an/a

US$189m

Jun 30 2020n/an/a

US$198m

Mar 31 2020n/an/a

US$224m

Dec 31 2019US$4mUS$566k

US$219m

Sep 30 2019n/an/a

US$163m

Jun 30 2019n/an/a

US$158m

Mar 31 2019n/an/a

US$154m

Dec 31 2018US$4mUS$549k

US$155m

Sep 30 2018n/an/a

US$204m

Jun 30 2018n/an/a

US$199m

Mar 31 2018n/an/a

US$200m

Dec 31 2017US$4mUS$533k

US$196m

Sep 30 2017n/an/a

US$149m

Jun 30 2017n/an/a

US$405m

Mar 31 2017n/an/a

US$429m

Dec 31 2016US$4mUS$518k

US$431m

Sep 30 2016n/an/a

US$445m

Jun 30 2016n/an/a

US$187m

Mar 31 2016n/an/a

US$154m

Dec 31 2015US$4mUS$503k

US$228m

Compensation vs Market: Ric's total compensation ($USD4.29M) is below average for companies of similar size in the US market ($USD13.03M).

Compensation vs Earnings: Ric's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CPT's management team is seasoned and experienced (9.5 years average tenure).


Board Members

Experienced Board: CPT's board of directors are seasoned and experienced ( 12.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CPT insiders have only sold shares in the past 3 months.


Recent Insider Transactions

NYSE:CPT Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
15 Sep 22SellUS$238,001Kelvin WestbrookIndividual1,820US$130.77
25 Feb 22SellUS$145,474Heather BrunnerIndividual883US$164.75
04 Jan 22SellUS$462,856Kelvin WestbrookIndividual2,617US$176.87
04 Jan 22SellUS$594,620Michael GallagherIndividual3,362US$176.87
17 Dec 21SellUS$5,987,018Richard CampoIndividual34,422US$173.93
13 Dec 21SellUS$303,972Laurie BakerIndividual1,752US$173.50
08 Dec 21SellUS$6,045,237H. StewartIndividual35,203US$172.07
02 Dec 21SellUS$1,261,247Scott IngrahamIndividual7,463US$169.00
03 Nov 21SellUS$148,175Michael GallagherIndividual907US$163.37
02 Nov 21SellUS$6,028,575H. StewartIndividual37,500US$160.76

Ownership Breakdown

What is the ownership structure of CPT?
Owner TypeNumber of SharesOwnership Percentage
State or Government45,2840.04%
General Public95,6190.09%
Individual Insiders1,080,0541.0%
Institutions105,307,11998.9%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.7%.


Top Shareholders

Top 25 shareholders own 68.98% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
16.06%
The Vanguard Group, Inc.
17,113,623$2.0b14.43%0.05%
10.09%
Cohen & Steers Capital Management, Inc.
10,746,698$1.3b12.4%2.61%
9.22%
BlackRock, Inc.
9,819,388$1.2b-21.09%0.03%
6.41%
State Street Global Advisors, Inc.
6,825,189$806.9m12.51%0.05%
3.31%
J.P. Morgan Asset Management, Inc.
3,530,022$417.3m31.84%0.08%
2.19%
Geode Capital Management, LLC
2,329,466$275.4m44.53%0.04%
2.15%
Norges Bank Investment Management
2,290,112$270.7m0%0.04%
2%
T. Rowe Price Group, Inc.
2,131,129$251.9m1.91%0.03%
1.82%
Goldman Sachs Asset Management, L.P.
1,941,998$229.6m11.54%0.1%
1.45%
Dimensional Fund Advisors LP
1,546,144$182.8m1.2%0.05%
1.38%
Northern Trust Global Investments
1,471,696$174.0m8.61%0.04%
1.32%
Victory Capital Management Inc.
1,411,418$166.9m-23.02%0.19%
1.24%
Daiwa Asset Management Co. Ltd.
1,320,796$156.1m16.83%0.16%
1.21%
Charles Schwab Investment Management, Inc.
1,286,377$152.1m21.27%0.04%
1.2%
Invesco Capital Management LLC
1,276,794$150.9m211.37%0.12%
1%
Legal & General Investment Management Limited
1,062,598$125.6m7.28%0.04%
0.96%
UBS Asset Management
1,024,403$121.1m3.77%0.02%
0.9%
PGIM, Inc.
962,469$113.8m20.41%0.17%
0.88%
AllianceBernstein L.P.
932,444$110.2m-5.75%0.05%
0.84%
BNY Mellon Asset Management
892,991$105.6m-14.49%0.02%
0.74%
Schroder Investment Management Limited
793,599$93.8m146.13%0.08%
0.68%
Starwood Capital Operations, LLC
725,624$85.8m-26.29%24.2%
0.66%
Invesco Ltd.
698,096$82.5m-45.66%0.03%
0.65%
Thrivent Investment Management, Inc.
693,070$81.9m-37.12%0.22%
0.61%
Waterfront Capital Partners LLC
653,857$77.3m23.49%5.82%

Company Information

Camden Property Trust's employee growth, exchange listings and data sources


Key Information

  • Name: Camden Property Trust
  • Ticker: CPT
  • Exchange: NYSE
  • Founded: 1993
  • Industry: Residential REITs
  • Sector: Real Estate
  • Implied Market Cap: US$12.786b
  • Market Cap: US$12.594b
  • Shares outstanding: 108.13m
  • Website: https://www.camdenliving.com

Number of Employees


Location

  • Camden Property Trust
  • 11 Greenway Plaza
  • Suite 2400
  • Houston
  • Texas
  • 77046
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CPTNYSE (New York Stock Exchange)YesCommon SharesUSUSDJul 1993
CALDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 1993
C2PT34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 15 REPR 1 SBI USD0.01BRBRLAug 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.