Analysts expect that Camden Property Trust (NYSE:CPT) will post earnings per share (EPS) of $1.23 for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Camden Property Trust’s earnings. The lowest EPS estimate is $1.22 and the highest is $1.25. Camden Property Trust posted earnings per share of $1.35 during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.9%. The company is expected to announce its next earnings report on Thursday, May 6th.
On average, analysts expect that Camden Property Trust will report full-year earnings of $5.04 per share for the current year, with EPS estimates ranging from $4.98 to $5.14. For the next financial year, analysts expect that the business will post earnings of $5.34 per share, with EPS estimates ranging from $5.19 to $5.48. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Camden Property Trust.
Camden Property Trust (NYSE:CPT) last released its earnings results on Wednesday, February 3rd. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.95). Camden Property Trust had a return on equity of 5.22% and a net margin of 18.14%.
Several analysts have recently issued reports on the company. Robert W. Baird raised Camden Property Trust from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $103.00 to $109.00 in a report on Tuesday, February 9th. KeyCorp reaffirmed a “sector weight” rating on shares of Camden Property Trust in a research note on Monday, March 1st. Mizuho raised their price objective on Camden Property Trust from $103.00 to $112.00 and gave the company a “neutral” rating in a research note on Monday, March 15th. Royal Bank of Canada began coverage on Camden Property Trust in a research note on Tuesday, March 30th. They issued an “outperform” rating and a $119.00 price objective on the stock. Finally, Bank of America lowered Camden Property Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $122.00 to $110.00 in a research note on Tuesday, February 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $108.38.
In other Camden Property Trust news, Director William F. Paulsen sold 5,500 shares of the stock in a transaction dated Tuesday, March 23rd. The stock was sold at an average price of $108.57, for a total value of $597,135.00. Following the completion of the transaction, the director now directly owns 2,463 shares in the company, valued at $267,407.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Neo Ivy Capital Management bought a new position in shares of Camden Property Trust during the third quarter worth about $50,000. TD Ameritrade Investment Management LLC bought a new position in shares of Camden Property Trust during the fourth quarter worth about $74,000. Trust Co. of Vermont bought a new position in shares of Camden Property Trust during the fourth quarter worth about $90,000. Founders Capital Management bought a new position in shares of Camden Property Trust during the fourth quarter worth about $115,000. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Camden Property Trust by 268.5% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,614 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 1,176 shares during the last quarter. Institutional investors own 94.56% of the company’s stock.
Shares of CPT traded up $0.71 during trading hours on Friday, hitting $112.33. 524,213 shares of the company were exchanged, compared to its average volume of 713,397. The company has a market cap of $11.22 billion, a price-to-earnings ratio of 59.12, a P/E/G ratio of 4.56 and a beta of 0.72. Camden Property Trust has a fifty-two week low of $80.06 and a fifty-two week high of $113.50. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.90. The firm’s fifty day moving average is $107.41 and its 200 day moving average is $100.21.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 16th. Shareholders of record on Wednesday, March 31st will be given a $0.83 dividend. The ex-dividend date is Tuesday, March 30th. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.13. This represents a $3.32 annualized dividend and a yield of 2.96%. Camden Property Trust’s dividend payout ratio (DPR) is currently 65.87%.
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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