Wall Street brokerages expect Camden Property Trust (NYSE:CPT) to announce earnings per share of $1.16 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Camden Property Trust’s earnings, with the highest EPS estimate coming in at $1.18 and the lowest estimate coming in at $1.13. Camden Property Trust posted earnings of $1.09 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 6.4%. The firm is scheduled to issue its next earnings report on Thursday, May 3rd.
On average, analysts expect that Camden Property Trust will report full-year earnings of $4.78 per share for the current fiscal year, with EPS estimates ranging from $4.67 to $4.84. For the next financial year, analysts anticipate that the business will post earnings of $5.02 per share, with EPS estimates ranging from $4.84 to $5.11. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Camden Property Trust.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.91 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.27). The firm had revenue of $229.80 million for the quarter, compared to the consensus estimate of $228.99 million. Camden Property Trust had a return on equity of 6.01% and a net margin of 21.80%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 EPS.
Several research analysts recently commented on CPT shares. BMO Capital Markets reiterated a “buy” rating and set a $97.00 price objective on shares of Camden Property Trust in a research note on Monday, November 27th. TheStreet downgraded shares of Camden Property Trust from a “b” rating to a “c+” rating in a research report on Thursday, January 18th. Zacks Investment Research raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. SunTrust Banks set a $89.00 target price on shares of Camden Property Trust and gave the stock a “hold” rating in a research report on Monday, January 22nd. Finally, Mizuho reissued a “hold” rating and set a $94.00 target price on shares of Camden Property Trust in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $93.33.
In other news, EVP William W. Sengelmann sold 4,478 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $88.42, for a total value of $395,944.76. Following the sale, the executive vice president now directly owns 66,567 shares of the company’s stock, valued at approximately $5,885,854.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard J. Campo sold 379 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $94.44, for a total transaction of $35,792.76. Following the completion of the sale, the chairman now directly owns 338,519 shares in the company, valued at $31,969,734.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,297 shares of company stock worth $11,635,108. 4.70% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in Camden Property Trust by 0.8% during the second quarter. PNC Financial Services Group Inc. now owns 12,989 shares of the real estate investment trust’s stock worth $1,111,000 after buying an additional 97 shares in the last quarter. Linscomb & Williams Inc. boosted its holdings in Camden Property Trust by 2.6% during the second quarter. Linscomb & Williams Inc. now owns 4,805 shares of the real estate investment trust’s stock worth $411,000 after buying an additional 124 shares in the last quarter. Phocas Financial Corp. boosted its holdings in Camden Property Trust by 3.4% during the second quarter. Phocas Financial Corp. now owns 5,619 shares of the real estate investment trust’s stock worth $480,000 after buying an additional 183 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Camden Property Trust by 1.0% during the second quarter. Ameritas Investment Partners Inc. now owns 42,327 shares of the real estate investment trust’s stock worth $3,619,000 after buying an additional 426 shares in the last quarter. Finally, Cadence Capital Management LLC boosted its holdings in Camden Property Trust by 9.7% during the third quarter. Cadence Capital Management LLC now owns 6,310 shares of the real estate investment trust’s stock worth $577,000 after buying an additional 556 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.
Camden Property Trust (NYSE:CPT) traded down $2.35 during midday trading on Monday, hitting $81.05. 853,457 shares of the company traded hands, compared to its average volume of 533,726. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.94 and a current ratio of 2.24. The company has a market cap of $8,097.72, a price-to-earnings ratio of 38.60, a PEG ratio of 3.24 and a beta of 0.34. Camden Property Trust has a 1 year low of $78.38 and a 1 year high of $96.39.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Friday, March 30th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.80%. The ex-dividend date is Wednesday, March 28th. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.75. Camden Property Trust’s payout ratio is currently 142.86%.
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Camden Property Trust Company Profile
Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.
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