Media headlines about Camden Property Trust (NYSE:CPT) have been trending positive on Tuesday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Camden Property Trust earned a news sentiment score of 0.35 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 47.2569890628464 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Deutsche Bank AG Raises Camden Property Trust (CPT) Price Target to $85.00 (americanbankingnews.com)
- Camden Property Trust Trying To Close In On Key Technical Benchmark (investors.com)
- Camden Property Trust (CPT) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Why apartment REITS are not a good home for your money (finance.yahoo.com)
- KeyCorp Analysts Lift Earnings Estimates for Camden Property Trust (CPT) (americanbankingnews.com)
A number of equities analysts have commented on CPT shares. Royal Bank Of Canada restated a “buy” rating and issued a $91.00 target price on shares of Camden Property Trust in a research note on Sunday, July 16th. KeyCorp upgraded shares of Camden Property Trust from a “sector weight” rating to an “overweight” rating and set a $93.00 price objective on the stock in a research note on Tuesday, June 13th. They noted that the move was a valuation call. BidaskClub upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. BTIG Research upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Monday, April 24th. Finally, BMO Capital Markets set a $81.00 target price on shares of Camden Property Trust and gave the company a “hold” rating in a research note on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Camden Property Trust currently has an average rating of “Hold” and a consensus price target of $88.15.
Shares of Camden Property Trust (NYSE:CPT) opened at 89.84 on Tuesday. The stock has a market capitalization of $7.88 billion, a P/E ratio of 20.10 and a beta of 0.37. Camden Property Trust has a 52 week low of $75.36 and a 52 week high of $90.83. The company’s 50-day moving average is $88.11 and its 200 day moving average is $84.30.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.02. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The firm had revenue of $222.40 million for the quarter, compared to analyst estimates of $222.44 million. During the same quarter last year, the firm posted $1.15 earnings per share. Camden Property Trust’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts forecast that Camden Property Trust will post $1.73 EPS for the current fiscal year.
In related news, EVP William W. Sengelmann sold 5,085 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $90.15, for a total value of $458,412.75. Following the transaction, the executive vice president now owns 71,836 shares in the company, valued at $6,476,015.40. The transaction was disclosed in a legal 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 completion of the transaction, the director now owns 14,284 shares in the company, valued at approximately $1,245,279.12. The disclosure for this sale can be found here. Insiders sold 120,811 shares of company stock worth $10,812,185 in the last 90 days. 4.70% of the stock is currently owned by insiders.
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About Camden Property Trust
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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