Camden Property Trust (NYSE:CPT) – Investment analysts at SunTrust Banks increased their FY2017 earnings per share (EPS) estimates for Camden Property Trust in a report released on Tuesday. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will earn $4.60 per share for the year, up from their previous forecast of $4.58. SunTrust Banks also issued estimates for Camden Property Trust’s FY2020 earnings at $5.36 EPS and FY2021 earnings at $5.60 EPS.
Other analysts have also issued reports about the stock. BMO Capital Markets set a $81.00 price objective on shares of Camden Property Trust and gave the stock a “hold” rating in a report on Thursday, May 4th. Royal Bank Of Canada restated a “buy” rating and issued a $91.00 price objective on shares of Camden Property Trust in a report on Sunday, July 16th. Barclays PLC raised their price objective on shares of Camden Property Trust from $85.00 to $86.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 18th. Evercore ISI upgraded shares of Camden Property Trust from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $87.00 to $90.00 in a report on Thursday, May 18th. They noted that the move was a valuation call. Finally, BTIG Research upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Monday, April 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $88.42.
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Camden Property Trust (NYSE CPT) opened at 89.03 on Friday. The stock has a 50 day moving average price of $87.62 and a 200 day moving average price of $84.01. Camden Property Trust has a 52-week low of $75.36 and a 52-week high of $90.83. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 19.92 and a beta of 0.37.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. Camden Property Trust had a return on equity of 13.17% and a net margin of 46.10%. The firm had revenue of $222.40 million during the quarter, compared to analyst estimates of $222.44 million. During the same period last year, the company posted $1.15 EPS. The business’s quarterly revenue was up .4% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend was Wednesday, June 28th. Camden Property Trust’s dividend payout ratio is 67.11%.
In other Camden Property Trust news, President D Keith Oden sold 86,540 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.43, for a total transaction of $7,739,272.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William F. Paulsen sold 2,227 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $87.18, for a total transaction of $194,149.86. Following the transaction, the director now directly owns 14,284 shares of the company’s stock, valued at approximately $1,245,279.12. The disclosure for this sale can be found here. Insiders have sold 120,811 shares of company stock valued at $10,812,185 in the last ninety days. Insiders own 4.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Linscomb & Williams Inc. increased its position in shares of Camden Property Trust by 0.6% in the first quarter. Linscomb & Williams Inc. now owns 4,681 shares of the real estate investment trust’s stock worth $377,000 after buying an additional 29 shares in the last quarter. Telos Capital Management Inc. increased its position in shares of Camden Property Trust by 1.4% in the first quarter. Telos Capital Management Inc. now owns 4,088 shares of the real estate investment trust’s stock worth $329,000 after buying an additional 55 shares in the last quarter. Sawtooth Solutions LLC increased its position in shares of Camden Property Trust by 2.7% in the second quarter. Sawtooth Solutions LLC now owns 2,701 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 72 shares in the last quarter. Creative Planning increased its position in shares of Camden Property Trust by 3.1% in the first quarter. Creative Planning now owns 2,638 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 80 shares in the last quarter. Finally, Genesee Valley Trust Co. increased its position in shares of Camden Property Trust by 2.0% in the first quarter. Genesee Valley Trust Co. now owns 4,185 shares of the real estate investment trust’s stock worth $336,000 after buying an additional 82 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.
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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