Wall Street brokerages predict that Camden Property Trust (NYSE:CPT) will announce earnings per share (EPS) of $1.14 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Camden Property Trust’s earnings, with the highest EPS estimate coming in at $1.18 and the lowest estimate coming in at $1.12. Camden Property Trust reported earnings per share of $1.09 during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.6%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, May 3rd.
According to Zacks, analysts expect that Camden Property Trust will report full-year earnings of $4.73 per share for the current year, with EPS estimates ranging from $4.64 to $4.78. For the next year, analysts anticipate that the business will post earnings of $4.98 per share, with EPS estimates ranging from $4.76 to $5.06. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Camden Property Trust.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.27). The company had revenue of $229.80 million for the quarter, compared to the consensus estimate of $228.99 million. Camden Property Trust had a return on equity of 6.01% and a net margin of 21.80%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.15 earnings per share.
Several equities analysts have recently issued reports on the company. Robert W. Baird reaffirmed a “hold” rating and issued a $93.00 target price on shares of Camden Property Trust in a report on Tuesday, January 9th. BMO Capital Markets set a $96.00 target price on Camden Property Trust and gave the company a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research lowered Camden Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. SunTrust Banks set a $89.00 target price on Camden Property Trust and gave the company a “hold” rating in a report on Monday, January 22nd. Finally, TheStreet lowered Camden Property Trust from a “b” rating to a “c+” rating in a report on Thursday, January 18th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $90.64.
Shares of CPT stock traded down $1.39 during trading on Friday, hitting $84.56. The company’s stock had a trading volume of 129,219 shares, compared to its average volume of 610,709. The firm has a market cap of $7,995.31, a PE ratio of 19.03, a P/E/G ratio of 2.98 and a beta of 0.36. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.63. Camden Property Trust has a 52 week low of $78.19 and a 52 week high of $96.39.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 17th. Shareholders of record on Friday, March 30th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.64%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.75. The ex-dividend date was Wednesday, March 28th. Camden Property Trust’s dividend payout ratio is 67.99%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB lifted its position in shares of Camden Property Trust by 29.2% during the fourth quarter. Xact Kapitalforvaltning AB now owns 18,769 shares of the real estate investment trust’s stock worth $1,728,000 after acquiring an additional 4,244 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Camden Property Trust by 51.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 6,191 shares of the real estate investment trust’s stock worth $570,000 after acquiring an additional 2,094 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Camden Property Trust by 22.5% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 52,375 shares of the real estate investment trust’s stock worth $4,822,000 after acquiring an additional 9,625 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Camden Property Trust during the fourth quarter worth $970,000. Finally, We Are One Seven LLC purchased a new stake in shares of Camden Property Trust during the fourth quarter worth $375,000. 97.36% of the stock is owned by institutional investors and hedge funds.
About Camden Property Trust
Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 156 properties containing 53,391 apartment homes across the United States.
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