Camden Property Trust (NYSE:CPT) – Stock analysts at Capital One Financial issued their Q2 2019 earnings estimates for shares of Camden Property Trust in a research note issued to investors on Thursday, June 20th. Capital One Financial analyst D. Bernstein expects that the real estate investment trust will post earnings per share of $1.27 for the quarter. Capital One Financial also issued estimates for Camden Property Trust’s Q3 2019 earnings at $1.28 EPS.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.22. The company had revenue of $248.57 million for the quarter, compared to the consensus estimate of $246.50 million. Camden Property Trust had a net margin of 15.98% and a return on equity of 4.45%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.15 EPS.
CPT has been the topic of a number of other research reports. KeyCorp raised their target price on shares of Camden Property Trust from $98.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Zacks Investment Research downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday. SunTrust Banks raised their target price on shares of Camden Property Trust to $108.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Barclays reissued a “buy” rating and set a $108.00 target price on shares of Camden Property Trust in a research report on Tuesday, April 16th. Finally, Sandler O’Neill downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $101.53.
NYSE CPT opened at $105.81 on Monday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.57. The stock has a market cap of $10.26 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 3.18 and a beta of 0.46. The firm’s 50-day simple moving average is $103.92. Camden Property Trust has a one year low of $83.67 and a one year high of $108.22.
Institutional investors have recently modified their holdings of the company. Rehmann Capital Advisory Group grew its position in shares of Camden Property Trust by 71.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 297 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 124 shares during the last quarter. Icon Wealth Partners LLC purchased a new position in shares of Camden Property Trust in the 1st quarter worth approximately $52,000. Penserra Capital Management LLC purchased a new position in shares of Camden Property Trust in the 1st quarter worth approximately $58,000. Fort L.P. acquired a new stake in Camden Property Trust in the 4th quarter worth approximately $93,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in Camden Property Trust in the 1st quarter worth approximately $122,000. 93.17% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director William F. Paulsen sold 1,979 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $102.19, for a total value of $202,234.01. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Richard J. Campo sold 60,000 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $105.32, for a total transaction of $6,319,200.00. Following the completion of the transaction, the chairman now directly owns 273,948 shares in the company, valued at approximately $28,852,203.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,679 shares of company stock worth $12,211,588. Insiders own 3.40% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, June 27th. Camden Property Trust’s payout ratio is currently 67.09%.
About Camden Property Trust
Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States.
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