Camden Property Trust (CPT) Issues FY14 Earnings Guidance
Camden Property Trust (NYSE:CPT) updated its FY14 earnings guidance on Thursday. The company provided EPS guidance of $4.20-4.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.24, American Banking and Market News reports. Camden Property Trust also updated its Q3 guidance to $1.04-1.08 EPS.
A number of analysts have recently weighed in on CPT shares. Analysts at Barclays raised their price target on shares of Camden Property Trust from $75.00 to $79.00 in a research note on Monday, July 21st. They now have an overweight rating on the stock. On a related note, analysts at Deutsche Bank raised their price target on shares of Camden Property Trust from $65.00 to $71.00 in a research note on Wednesday, July 9th. They now have a hold rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Camden Property Trust from $73.00 to $72.00 in a research note on Friday, June 20th. They now have a neutral rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $60.64.
Camden Property Trust (NYSE:CPT) traded down 2.11% during mid-day trading on Thursday, hitting $72.36. 865,325 shares of the company’s stock traded hands. Camden Property Trust has a 1-year low of $56.09 and a 1-year high of $74.12. The stock has a 50-day moving average of $71.53 and a 200-day moving average of $67.99. The company has a market cap of $6.192 billion and a P/E ratio of 21.12.
Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 31st. The company reported $1.05 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.05. The company had revenue of $208.94 million for the quarter, compared to the consensus estimate of $208.94 million. During the same quarter in the prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts predict that Camden Property Trust will post $4.23 earnings per share 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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