Camden Property Stock To Go Ex-dividend Tomorrow (CPT)

NEW YORK ( TheStreet) -- The ex-dividend date for Camden Property (NYSE: CPT) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 56 cents per share. At a price of $64.33 as of 9:34 a.m. ET, the dividend yield is 3.5%.

The average volume for Camden Property has been 772,100 shares per day over the past 30 days. Camden Property has a market cap of $4.44 billion and is part of the financial sector and real estate industry. Shares are up 3.1% year to date as of the close of trading on Monday.

Camden Property Trust operates as a real estate investment trust (REIT) in the United States. It engages in the ownership, development, construction, and management of middle- to upper-market multifamily communities. The company has a P/E ratio of 210.9, below the average real estate industry P/E ratio of 230.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Camden Property as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Camden Property Ratings Report.

See our dividend calendar or top-yielding stocks list.
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