Equities research analysts expect Camden Property Trust (NYSE:CPT) to report earnings of $1.27 per share for the current quarter, according to Zacks. Nine analysts have made estimates for Camden Property Trust’s earnings, with the lowest EPS estimate coming in at $1.25 and the highest estimate coming in at $1.29. Camden Property Trust posted earnings per share of $1.19 during the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The business is expected to issue its next quarterly earnings results on Thursday, August 1st.
On average, analysts expect that Camden Property Trust will report full-year earnings of $5.06 per share for the current year, with EPS estimates ranging from $5.02 to $5.10. For the next financial year, analysts expect that the company will report earnings of $5.28 per share, with EPS estimates ranging from $5.13 to $5.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Camden Property Trust.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.22. Camden Property Trust had a net margin of 15.98% and a return on equity of 4.45%. The firm had revenue of $248.57 million during the quarter, compared to analyst estimates of $246.50 million. During the same quarter in the prior year, the business posted $1.15 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year.
CPT has been the topic of several research analyst reports. Barclays reaffirmed a “buy” rating and set a $108.00 price objective on shares of Camden Property Trust in a research note on Tuesday, April 16th. Sandler O’Neill cut shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. KeyCorp upped their price objective on shares of Camden Property Trust from $98.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Citigroup set a $100.00 price objective on shares of Camden Property Trust and gave the stock a “hold” rating in a research note on Tuesday, February 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 price objective on shares of Camden Property Trust in a research note on Thursday, January 31st. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $99.94.
In other news, Director William F. Paulsen sold 1,979 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $102.19, for a total transaction of $202,234.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.40% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CPT. Rehmann Capital Advisory Group grew its stake in shares of Camden Property Trust by 71.7% during the fourth quarter. Rehmann Capital Advisory Group now owns 297 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 124 shares during the last quarter. Lavaca Capital LLC bought a new stake in shares of Camden Property Trust during the fourth quarter valued at approximately $27,000. Oregon Public Employees Retirement Fund grew its stake in shares of Camden Property Trust by 8,705.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 3,169,926 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Camden Property Trust by 454.9% during the first quarter. Rockefeller Capital Management L.P. now owns 455 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 373 shares during the last quarter. Finally, First Interstate Bank bought a new position in Camden Property Trust in the fourth quarter valued at approximately $47,000. 90.94% of the stock is currently owned by institutional investors and hedge funds.
NYSE:CPT traded up $0.36 during mid-day trading on Friday, hitting $104.24. The company’s stock had a trading volume of 51,968 shares, compared to its average volume of 523,525. Camden Property Trust has a fifty-two week low of $83.67 and a fifty-two week high of $104.16. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $9.93 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 3.13 and a beta of 0.53.
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 161 properties containing 55,160 apartment homes across the United States.
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