Camden Property Trust (NYSE:CPT) – Equities research analysts at SunTrust Banks issued their Q1 2019 earnings per share estimates for shares of Camden Property Trust in a note issued to investors on Tuesday. SunTrust Banks analyst M. Lewis expects that the real estate investment trust will earn $1.22 per share for the quarter. SunTrust Banks currently has a “Hold” rating and a $89.00 target price on the stock. SunTrust Banks also issued estimates for Camden Property Trust’s Q2 2019 earnings at $1.25 EPS, Q3 2019 earnings at $1.25 EPS and Q4 2019 earnings at $1.29 EPS.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.27). Camden Property Trust had a net margin of 21.80% and a return on equity of 6.01%. The company had revenue of $229.80 million for the quarter, compared to analysts’ expectations of $228.99 million. During the same quarter in the prior year, the firm earned $1.15 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis.

Several other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 price target on the stock in a report on Friday, December 15th. Mizuho reiterated a “hold” rating and issued a $94.00 price objective on shares of Camden Property Trust in a report on Monday, November 6th. BMO Capital Markets reiterated a “buy” rating and issued a $97.00 price objective on shares of Camden Property Trust in a report on Monday, November 27th. Robert W. Baird reiterated a “hold” rating and issued a $93.00 price objective on shares of Camden Property Trust in a report on Tuesday, January 9th. Finally, Zacks Investment Research upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. Camden Property Trust has an average rating of “Hold” and a consensus price target of $91.60.

Camden Property Trust (NYSE CPT) traded up $1.97 during trading on Thursday, hitting $80.75. 1,049,160 shares of the stock traded hands, compared to its average volume of 575,571. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.94 and a current ratio of 2.24. Camden Property Trust has a fifty-two week low of $78.38 and a fifty-two week high of $96.39. The stock has a market cap of $7,649.14, a PE ratio of 38.45, a P/E/G ratio of 3.06 and a beta of 0.34.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 30th will be issued a $0.77 dividend. The ex-dividend date is Wednesday, March 28th. This is a boost from Camden Property Trust’s previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a yield of 3.81%. Camden Property Trust’s dividend payout ratio is currently 142.86%.

In other Camden Property Trust news, Director Kelvin R. Westbrook sold 425 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $88.42, for a total transaction of $37,578.50. Following the completion of the sale, the director now directly owns 20,477 shares in the company, valued at $1,810,576.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard J. Campo sold 379 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $94.44, for a total transaction of $35,792.76. Following the sale, the chairman now owns 338,519 shares of the company’s stock, valued at $31,969,734.36. The disclosure for this sale can be found here. Insiders sold 126,297 shares of company stock valued at $11,635,108 over the last quarter. 4.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Penserra Capital Management LLC bought a new stake in Camden Property Trust during the third quarter valued at about $110,000. Victory Capital Management Inc. boosted its holdings in Camden Property Trust by 285.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,386 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 1,026 shares during the period. Perigon Wealth Management LLC boosted its holdings in Camden Property Trust by 59.3% during the second quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 800 shares during the period. FDx Advisors Inc. bought a new stake in Camden Property Trust during the fourth quarter valued at about $202,000. Finally, Global X Management Co. LLC boosted its holdings in Camden Property Trust by 45.3% during the fourth quarter. Global X Management Co. LLC now owns 2,309 shares of the real estate investment trust’s stock valued at $213,000 after acquiring an additional 720 shares during the period. Institutional investors own 97.22% of the company’s stock.

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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.

Earnings History and Estimates for Camden Property Trust (NYSE:CPT)

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