Camden Property Trust (NYSE:CPT) announced its earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.03), Bloomberg Earnings reports. Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The company had revenue of $228.18 million during the quarter, compared to the consensus estimate of $226.41 million. During the same quarter in the previous year, the company earned $1.13 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. Camden Property Trust updated its Q4 guidance to $1.16-1.20 EPS.
Shares of Camden Property Trust (NYSE CPT) traded up $0.28 during trading hours on Friday, reaching $94.19. The company’s stock had a trading volume of 314,873 shares, compared to its average volume of 609,551. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.94 and a quick ratio of 1.94. The company has a market cap of $8,703.12, a P/E ratio of 20.87, a PEG ratio of 3.83 and a beta of 0.42. Camden Property Trust has a 52-week low of $75.36 and a 52-week high of $96.39.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th were paid a $0.75 dividend. The ex-dividend date was Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a yield of 3.19%. Camden Property Trust’s dividend payout ratio (DPR) is presently 182.93%.
Several equities analysts have issued reports on CPT shares. Royal Bank Of Canada reissued a “buy” rating and issued a $91.00 price target on shares of Camden Property Trust in a research note on Sunday, July 16th. Sandler O’Neill raised Camden Property Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $93.00 to $105.00 in a research note on Tuesday, September 5th. UBS AG reissued a “sell” rating and issued a $86.00 price target (up from $80.00) on shares of Camden Property Trust in a research note on Thursday, September 14th. Stifel Nicolaus started coverage on Camden Property Trust in a research report on Friday, September 1st. They set a “buy” rating and a $99.00 target price on the stock. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 target price on shares of Camden Property Trust in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $92.31.
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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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