Equities analysts expect Camden Property Trust (NYSE:CPT) to report sales of $222.71 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Camden Property Trust’s earnings. The lowest sales estimate is $220.89 million and the highest is $223.96 million. Camden Property Trust posted sales of $221.48 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.6%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that Camden Property Trust will report full year sales of $222.71 million for the current year, with estimates ranging from $892.01 million to $901.37 million. For the next financial year, analysts forecast that the company will post sales of $934.47 million per share, with estimates ranging from $917.34 million to $948.33 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Camden Property Trust.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by $0.01. The business had revenue of $219.50 million for the quarter, compared to the consensus estimate of $218.19 million. Camden Property Trust had a net margin of 92.55% and a return on equity of 13.94%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS.
Several analysts recently issued reports on CPT shares. Royal Bank Of Canada reiterated a “buy” rating and set a $90.00 target price on shares of Camden Property Trust in a research report on Wednesday, March 29th. Barclays PLC reiterated an “equal weight” rating and set a $85.00 target price (up previously from $84.00) on shares of Camden Property Trust in a research report on Wednesday, April 19th. Evercore ISI increased their target price on Camden Property Trust from $87.00 to $88.00 and gave the stock an “in-line” rating in a research report on Wednesday, April 19th. BTIG Research upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Monday, April 24th. Finally, BMO Capital Markets set a $81.00 target price on Camden Property Trust and gave the stock a “hold” rating in a research report on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $88.43.
Shares of Camden Property Trust (NYSE:CPT) traded up 0.84% during mid-day trading on Friday, hitting $89.10. The stock had a trading volume of 710,178 shares. The stock’s 50-day moving average is $86.59 and its 200 day moving average is $83.34. Camden Property Trust has a 12 month low of $75.36 and a 12 month high of $90.83. The company has a market cap of $7.81 billion, a PE ratio of 9.94 and a beta of 0.37.
The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors 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 yield of 3.37%. The ex-dividend date of this dividend was Wednesday, June 28th. Camden Property Trust’s payout ratio is presently 33.48%.
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In related news, Director William F. Paulsen sold 2,227 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $87.18, for a total transaction of $194,149.86. Following the completion of the transaction, the director now directly owns 14,284 shares of the company’s stock, valued at $1,245,279.12. The sale was disclosed in a filing with the SEC, which is available through this link. 4.70% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in CPT. Perigon Wealth Management LLC purchased a new position in shares of Camden Property Trust during the first quarter worth approximately $110,000. Assetmark Inc. raised its position in shares of Camden Property Trust by 478.5% in the first quarter. Assetmark Inc. now owns 1,695 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 1,402 shares during the last quarter. Founders Capital Management purchased a new position in shares of Camden Property Trust during the first quarter worth approximately $140,000. Mn Services Vermogensbeheer B.V. raised its position in shares of Camden Property Trust by 5.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,333 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 120 shares during the last quarter. Finally, Laurion Capital Management LP purchased a new position in shares of Camden Property Trust during the first quarter worth approximately $201,000. 91.61% of the stock is owned by institutional investors.
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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