Media headlines about Camden Property Trust (NYSE:CPT) have trended positive on Saturday, Accern reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Camden Property Trust earned a news impact score of 0.31 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 47.2256307429082 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- 18-story apartment tower in downtown St. Pete sold for sizzling price per unit (bizjournals.com)
- Camden Property Trust (CPT) Announces Acquisition of Newly Constructed 358-Home Florida Apartment Community for $127M (streetinsider.com)
- Oversold Conditions For Camden Property Trust (CPT) (nasdaq.com)
- Camden Property Trust Acquires Newly Constructed Florida Apartment Community (finance.yahoo.com)
- Kelvin R. Westbrook Sells 425 Shares of Camden Property Trust (CPT) Stock (americanbankingnews.com)
Several research analysts recently weighed in on CPT shares. KeyCorp upped their price objective on shares of Camden Property Trust from $93.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, September 15th. Robert W. Baird restated a “neutral” rating and issued a $96.00 price objective (up from $92.00) on shares of Camden Property Trust in a research report on Friday, September 22nd. SunTrust Banks restated a “hold” rating and issued a $93.00 price objective on shares of Camden Property Trust in a research report on Wednesday, October 4th. Mizuho restated a “hold” rating and issued a $90.00 price objective on shares of Camden Property Trust in a research report on Sunday, October 15th. Finally, BMO Capital Markets restated a “buy” rating and issued a $97.00 price objective on shares of Camden Property Trust in a research report on Monday, November 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. Camden Property Trust has a consensus rating of “Hold” and a consensus target price of $93.67.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.03). Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The business had revenue of $228.18 million for the quarter, compared to the consensus estimate of $226.41 million. During the same quarter in the previous year, the business earned $1.13 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. sell-side analysts forecast that Camden Property Trust will post 4.53 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, December 14th. Camden Property Trust’s payout ratio is currently 182.93%.
In other Camden Property Trust news, Chairman Richard J. Campo sold 52,247 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $92.27, for a total transaction of $4,820,830.69. Following the transaction, the chairman now directly owns 344,201 shares in the company, valued at $31,759,426.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard J. Campo sold 379 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $94.44, for a total transaction of $35,792.76. Following the transaction, the chairman now owns 338,519 shares in the company, valued at $31,969,734.36. The disclosure for this sale can be found here. Insiders have sold 126,297 shares of company stock worth $11,635,108 over the last quarter. Company insiders own 4.70% of the company’s stock.
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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