Equities research analysts predict that Camden Property Trust (NYSE:CPT) will announce earnings per share (EPS) of $1.25 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Camden Property Trust’s earnings. The lowest EPS estimate is $1.22 and the highest is $1.29. Camden Property Trust posted earnings per share of $1.09 during the same quarter last year, which suggests a positive year-over-year growth rate of 14.7%. The firm is expected to issue its next earnings results on Thursday, July 29th.
According to Zacks, analysts expect that Camden Property Trust will report full-year earnings of $5.04 per share for the current fiscal year, with EPS estimates ranging from $4.98 to $5.14. For the next year, analysts anticipate that the firm will report earnings of $5.34 per share, with EPS estimates ranging from $5.19 to $5.48. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Camden Property Trust.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, April 29th. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.92). Camden Property Trust had a net margin of 18.14% and a return on equity of 5.22%.
Several research analysts recently commented on CPT shares. KeyCorp reissued a “sector weight” rating on shares of Camden Property Trust in a research report on Monday, March 1st. Colliers Securities started coverage on Camden Property Trust in a research report on Wednesday, April 28th. They set a “buy” rating and a $134.00 price target for the company. TheStreet lowered Camden Property Trust from a “b” rating to a “c+” rating in a research note on Monday, February 8th. Robert W. Baird upgraded Camden Property Trust from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $103.00 to $109.00 in a research note on Tuesday, February 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Camden Property Trust from $107.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, March 24th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $112.57.
NYSE CPT traded down $0.68 during trading hours on Tuesday, hitting $119.31. 450,056 shares of the company traded hands, compared to its average volume of 701,661. The business’s 50-day moving average is $113.60 and its 200-day moving average is $103.06. Camden Property Trust has a twelve month low of $80.79 and a twelve month high of $121.42. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.27 and a current ratio of 2.27. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 63.15, a P/E/G ratio of 4.56 and a beta of 0.72.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 16th. Investors of record on Wednesday, March 31st were issued a dividend of $0.83 per share. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, March 30th. This represents a $3.32 annualized dividend and a dividend yield of 2.78%. Camden Property Trust’s dividend payout ratio (DPR) is 65.87%.
In related news, Director William F. Paulsen sold 5,500 shares of the firm’s stock in a transaction on Tuesday, March 23rd. The stock was sold at an average price of $108.57, for a total transaction of $597,135.00. Following the sale, the director now owns 2,463 shares of the company’s stock, valued at approximately $267,407.91. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.20% of the company’s stock.
A number of large investors have recently made changes to their positions in CPT. First Trust Advisors LP raised its position in Camden Property Trust by 44.7% during the 1st quarter. First Trust Advisors LP now owns 37,445 shares of the real estate investment trust’s stock worth $3,801,000 after purchasing an additional 11,574 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its position in Camden Property Trust by 97.1% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 10,958 shares of the real estate investment trust’s stock worth $976,000 after purchasing an additional 5,397 shares during the last quarter. Brinker Capital Investments LLC bought a new position in Camden Property Trust during the 3rd quarter worth $268,000. Sei Investments Co. raised its position in Camden Property Trust by 101.9% during the 3rd quarter. Sei Investments Co. now owns 136,179 shares of the real estate investment trust’s stock worth $12,114,000 after purchasing an additional 68,732 shares during the last quarter. Finally, Perpetual Ltd bought a new position in Camden Property Trust during the 3rd quarter worth $2,291,000. 94.56% of the stock is owned by institutional investors and hedge funds.
About Camden Property Trust
Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States.
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