Camden Property Trust (NYSE:CPT) will be releasing its earnings data after the market closes on Thursday, July 25th. Analysts expect Camden Property Trust to post earnings of $1.27 per share for the quarter. Camden Property Trust has set its Q2 guidance at $1.24-1.28 EPS and its FY19 guidance at $4.99-5.15 EPS.Investors interested in listening to the company’s conference call can do so using this link.
Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $246.50 million. During the same quarter last year, the company earned $1.15 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts expect Camden Property Trust to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Camden Property Trust stock opened at $107.11 on Wednesday. The company has a fifty day moving average of $106.58. Camden Property Trust has a 1 year low of $83.67 and a 1 year high of $110.42. The firm has a market cap of $10.26 billion, a PE ratio of 22.45, a P/E/G ratio of 3.18 and a beta of 0.45. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were paid a $0.80 dividend. The ex-dividend date was Thursday, June 27th. This represents a $3.20 dividend on an annualized basis and a yield of 2.99%. Camden Property Trust’s dividend payout ratio is currently 67.09%.
CPT has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price target on the stock in a research note on Tuesday, June 25th. Barclays set a €45.00 ($52.33) price target on shares of Zalando and gave the company a “buy” rating in a research note on Tuesday, April 16th. Sandler O’Neill raised shares of HomeStreet from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Friday, April 5th. KeyCorp lifted their price target on shares of Terreno Realty from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Finally, SunTrust Banks lifted their price target on shares of Camden Property Trust to $108.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Camden Property Trust has an average rating of “Buy” and an average price target of $102.00.
In other Camden Property Trust news, Director William F. Paulsen sold 1,979 shares of Camden Property Trust stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $102.19, for a total value of $202,234.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard J. Campo sold 60,000 shares of Camden Property Trust stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $105.32, for a total value of $6,319,200.00. Following the completion of the transaction, the chairman now directly owns 273,948 shares of the company’s stock, valued at $28,852,203.36. The disclosure for this sale can be found here. Insiders have sold a total of 115,679 shares of company stock valued at $12,211,588 over the last three months. Corporate insiders own 3.40% of the company’s stock.
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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