Camden Property Trust (CPT) Updates Q4 Earnings Guidance
Camden Property Trust (NYSE:CPT) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.02-1.06 for the period, compared to the Thomson Reuters consensus estimate of $1.05, Analyst Ratings.Net reports.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Camden Property Trust from $76.00 to $75.00 in a research note to investors on Wednesday, October 9th. They now have a neutral rating on the stock. Analysts at Cowen and Company cut their price target on shares of Camden Property Trust from $74.00 to $66.00 in a research note to investors on Thursday, September 12th. They now have a market perform rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $75.25.
Camden Property Trust (NYSE:CPT) traded down 1.03% on Thursday, hitting $64.20. 1,584,220 shares of the company’s stock traded hands. Camden Property Trust has a 1-year low of $62.02 and a 1-year high of $76.06. The stock has a 50-day moving average of $64.42 and a 200-day moving average of $67.96. The company has a market cap of $5.474 billion and a P/E ratio of 18.57.
Camden Property Trust (NYSE:CPT) last announced its earnings results on Friday, November 1st. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. The company had revenue of $202.00 million for the quarter, compared to the consensus estimate of $208.00 million. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Analysts expect that Camden Property Trust will post $4.05 EPS for the current fiscal year.
Camden Property Trust is a real estate investment trust. The Company is engaged in ownership, management, development, acquisition, and construction of multi-family apartment communities.
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