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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Camden Property (NYSE: CPT) is tomorrow, December 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 56 cents per share. At a price of $67.33 as of 2:38 p.m. ET, the dividend yield is 3.4%.

The average volume for Camden Property has been 601,400 shares per day over the past 30 days. Camden Property has a market cap of $5.62 billion and is part of the financial sector and real estate industry. Shares are up 7.3% year to date as of the close of trading on Tuesday.

Camden Property Trust is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It is engaged in the ownership, development, acquisition, management, and disposition of multifamily residential apartment communities. The company has a P/E ratio of 42.3, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Camden Property as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Camden Property Ratings Report.

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