FY2020 EPS Estimates for Camden Property Trust (NYSE:CPT) Boosted by SunTrust Banks

Camden Property Trust (NYSE:CPT) – Investment analysts at SunTrust Banks raised their FY2020 earnings per share estimates for shares of Camden Property Trust in a research report issued to clients and investors on Wednesday, January 15th. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings per share of $5.41 for the year, up from their previous forecast of $5.40. SunTrust Banks also issued estimates for Camden Property Trust’s FY2024 earnings at $6.14 EPS.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.84). The firm had revenue of $260.67 million for the quarter, compared to analysts’ expectations of $259.56 million. Camden Property Trust had a net margin of 16.22% and a return on equity of 4.53%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 EPS.

Other analysts have also issued research reports about the stock. Deutsche Bank upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. KeyCorp lifted their price target on shares of Camden Property Trust from $112.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Bank of America lowered shares of Camden Property Trust from a “buy” rating to a “neutral” rating and set a $118.00 price target for the company. in a research note on Thursday, November 7th. BMO Capital Markets restated a “buy” rating and issued a $115.00 price target on shares of Camden Property Trust in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Camden Property Trust from $110.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $116.36.

Shares of NYSE:CPT opened at $109.97 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $107.11 and a 200 day simple moving average of $108.90. The firm has a market cap of $10.56 billion, a PE ratio of 65.46, a price-to-earnings-growth ratio of 2.93 and a beta of 0.35. Camden Property Trust has a 12-month low of $90.85 and a 12-month high of $116.67.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new position in shares of Camden Property Trust during the fourth quarter valued at $516,000. Nisa Investment Advisors LLC boosted its holdings in shares of Camden Property Trust by 14.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 74,641 shares of the real estate investment trust’s stock valued at $7,919,000 after acquiring an additional 9,264 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Camden Property Trust by 0.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 23,400 shares of the real estate investment trust’s stock valued at $2,483,000 after acquiring an additional 100 shares during the period. Alpine Global Management LLC acquired a new position in shares of Camden Property Trust during the fourth quarter valued at $348,000. Finally, 6 Meridian boosted its holdings in shares of Camden Property Trust by 3.7% during the fourth quarter. 6 Meridian now owns 5,376 shares of the real estate investment trust’s stock valued at $570,000 after acquiring an additional 193 shares during the period. 92.31% of the stock is owned by institutional investors.

In other Camden Property Trust news, CEO Richard J. Campo sold 25,976 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $112.65, for a total transaction of $2,926,196.40. Following the completion of the sale, the chief executive officer now owns 253,664 shares in the company, valued at $28,575,249.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP William W. Sengelmann sold 2,457 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $105.76, for a total transaction of $259,852.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 224,218 shares of company stock valued at $24,814,794. 3.40% of the stock is owned by insiders.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 16th were paid a dividend of $0.80 per share. The ex-dividend date was Friday, December 13th. This represents a $3.20 annualized dividend and a yield of 2.91%. Camden Property Trust’s payout ratio is 67.09%.

Camden Property Trust Company Profile

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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Earnings History and Estimates for Camden Property Trust (NYSE:CPT)

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