Camden Property Trust (NYSE:CPT) – Research analysts at KeyCorp issued their Q1 2020 earnings per share (EPS) estimates for Camden Property Trust in a report issued on Tuesday, February 11th. KeyCorp analyst A. Wurschmidt anticipates that the real estate investment trust will post earnings per share of $1.33 for the quarter. KeyCorp currently has a “Overweight” rating and a $122.00 target price on the stock. KeyCorp also issued estimates for Camden Property Trust’s Q2 2020 earnings at $1.35 EPS, Q3 2020 earnings at $1.36 EPS and Q4 2020 earnings at $1.40 EPS.
Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.57. Camden Property Trust had a return on equity of 5.95% and a net margin of 21.35%. The firm had revenue of $263.50 million during the quarter, compared to the consensus estimate of $262.36 million. During the same quarter in the previous year, the company posted $1.23 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis.
Several other brokerages also recently weighed in on CPT. Zelman & Associates reiterated a “sell” rating on shares of Camden Property Trust in a research report on Tuesday, February 4th. BMO Capital Markets reiterated a “buy” rating and issued a $115.00 price objective on shares of Camden Property Trust in a research report on Monday, November 4th. TheStreet upgraded Camden Property Trust from a “c+” rating to a “b” rating in a research report on Thursday, January 30th. Sandler O’Neill upgraded Camden Property Trust from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, December 20th. Finally, Zacks Investment Research downgraded Camden Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Camden Property Trust currently has an average rating of “Buy” and a consensus price target of $118.33.
Shares of CPT stock opened at $118.89 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 0.22. Camden Property Trust has a fifty-two week low of $96.05 and a fifty-two week high of $118.89. The stock has a 50 day moving average price of $109.65 and a two-hundred day moving average price of $109.59. The company has a market capitalization of $11.04 billion, a P/E ratio of 53.55, a PEG ratio of 3.51 and a beta of 0.37.
Hedge funds have recently modified their holdings of the stock. Evoke Wealth LLC purchased a new stake in Camden Property Trust in the third quarter worth $38,000. Cedar Mountain Advisors LLC purchased a new stake in Camden Property Trust in the fourth quarter worth $42,000. Capital Investment Advisory Services LLC purchased a new stake in Camden Property Trust in the third quarter worth $56,000. Steward Partners Investment Advisory LLC grew its stake in Camden Property Trust by 101.2% in the third quarter. Steward Partners Investment Advisory LLC now owns 515 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 259 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in Camden Property Trust by 18.5% in the fourth quarter. Quadrant Capital Group LLC now owns 654 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 102 shares during the period. 92.37% of the stock is currently owned by institutional investors.
In related news, Director Scott S. Ingraham sold 322 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $105.76, for a total transaction of $34,054.72. Following the completion of the transaction, the director now owns 77,075 shares in the company, valued at $8,151,452. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO H Malcolm Stewart sold 22,727 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.24, for a total value of $2,528,151.48. Following the completion of the sale, the chief operating officer now directly owns 126,810 shares in the company, valued at $14,106,344.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 200,330 shares of company stock valued at $22,127,659. 3.40% of the stock is owned by corporate insiders.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, March 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.69%. Camden Property Trust’s dividend payout ratio is presently 63.49%.
Camden Property Trust Company Profile
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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