Camden Property Trust (NYSE:CPT) – Equities research analysts at DA Davidson issued their Q1 2018 EPS estimates for Camden Property Trust in a report released on Monday. DA Davidson analyst J. Lykins anticipates that the real estate investment trust will earn $1.18 per share for the quarter. DA Davidson also issued estimates for Camden Property Trust’s Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.21 EPS and Q4 2018 earnings at $1.24 EPS.
A number of other research firms have also issued reports on CPT. BidaskClub raised Camden Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Barclays PLC raised their target price on Camden Property Trust from $85.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, July 18th. KeyCorp raised Camden Property Trust from a “sector weight” rating to an “overweight” rating and set a $93.00 target price on the stock in a report on Tuesday, June 13th. They noted that the move was a valuation call. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $91.00 target price on shares of Camden Property Trust in a report on Sunday, July 16th. Finally, BMO Capital Markets raised Camden Property Trust from a “market perform” rating to an “outperform” rating and raised their target price for the company from $81.00 to $89.00 in a report on Thursday, May 25th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Camden Property Trust currently has a consensus rating of “Hold” and a consensus target price of $88.43.
Shares of Camden Property Trust (NYSE:CPT) traded down 1.10% during trading on Tuesday, hitting $88.71. The company’s stock had a trading volume of 254,917 shares. The firm’s 50 day moving average is $87.21 and its 200-day moving average is $83.58. The company has a market capitalization of $7.78 billion, a P/E ratio of 19.85 and a beta of 0.37. Camden Property Trust has a 1-year low of $75.36 and a 1-year high of $90.83.
Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. Camden Property Trust had a return on equity of 13.17% and a net margin of 46.10%. The company had revenue of $222.40 million for the quarter, compared to analyst estimates of $222.44 million. During the same period in the prior year, the company posted $1.15 EPS. Camden Property Trust’s quarterly revenue was up .4% on a year-over-year basis.
The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $3.00 annualized dividend and a dividend yield of 3.34%. Camden Property Trust’s dividend payout ratio (DPR) is presently 67.11%.
In related news, Director William F. Paulsen sold 2,227 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.70% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of CPT. Perigon Wealth Management LLC bought a new position in Camden Property Trust during the first quarter valued at approximately $110,000. Assetmark Inc. increased its position in Camden Property Trust by 478.5% in the first quarter. Assetmark Inc. now owns 1,695 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 1,402 shares during the period. Founders Capital Management bought a new position in Camden Property Trust during the first quarter valued at approximately $140,000. Mn Services Vermogensbeheer B.V. increased its position in Camden Property Trust by 5.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,333 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 120 shares during the period. Finally, Laurion Capital Management LP bought a new position in Camden Property Trust during the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 92.20% 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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