Camden Property Trust (CPT) Posts Quarterly Earnings, Misses Expectations By $0.05 EPS
Camden Property Trust (NYSE:CPT) announced its earnings results on Friday. The company reported $0.97 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.02 by $0.05, American Banking News reports.
Shares of Camden Property Trust (NYSE:CPT) opened at 61.41 on Friday. Camden Property Trust has a 52 week low of $56.09 and a 52 week high of $76.06. The stock has a 50-day moving average of $58.76 and a 200-day moving average of $62.99. The company has a market cap of $5.239 billion and a P/E ratio of 15.27.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a dividend of 0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.30%.
A number of analysts have recently weighed in on CPT shares. Analysts at Barclays cut their price target on shares of Camden Property Trust from $78.00 to $73.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. On a related note, analysts at Deutsche Bank cut their price target on shares of Camden Property Trust from $75.00 to $64.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Finally, analysts at UBS AG downgraded shares of Camden Property Trust from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Camden Property Trust presently has an average rating of “Hold” and a consensus target price of $60.56.
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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