Brokerages expect Camden Property Trust (NYSE:CPT) to announce earnings of $1.17 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Camden Property Trust’s earnings. The highest EPS estimate is $1.19 and the lowest is $1.15. Camden Property Trust reported earnings per share of $3.21 in the same quarter last year, which would suggest a negative year over year growth rate of 63.6%. The company is scheduled to issue its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Camden Property Trust will report full year earnings of $4.60 per share for the current fiscal year, with EPS estimates ranging from $4.55 to $4.63. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.82 per share, with EPS estimates ranging from $4.73 to $4.93. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Camden Property Trust.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $222.40 million during the quarter, compared to the consensus estimate of $222.44 million. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 earnings per share.

Several equities analysts have issued reports on CPT shares. Royal Bank Of Canada restated a “buy” rating and set a $91.00 target price on shares of Camden Property Trust in a research note on Sunday, July 16th. BMO Capital Markets restated a “buy” rating and set a $95.00 target price on shares of Camden Property Trust in a research note on Friday, September 8th. Barclays PLC upped their target price on shares of Camden Property Trust from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 18th. Deutsche Bank AG upped their target price on shares of Camden Property Trust from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Finally, Evercore ISI upgraded shares of Camden Property Trust from an “in-line” rating to an “outperform” rating and upped their target price for the company from $87.00 to $90.00 in a research note on Thursday, May 18th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $91.07.

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Camden Property Trust (NYSE:CPT) opened at 93.10 on Thursday. Camden Property Trust has a 1-year low of $75.36 and a 1-year high of $96.39. The stock has a 50 day moving average of $90.18 and a 200 day moving average of $85.25. The stock has a market cap of $8.16 billion, a P/E ratio of 20.83 and a beta of 0.38.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Thursday, September 28th. Camden Property Trust’s dividend payout ratio (DPR) is presently 67.11%.

In other news, COO H Malcolm Stewart sold 11,174 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.75, for a total value of $1,002,866.50. Following the transaction, the chief operating officer now owns 253,456 shares in the company, valued at approximately $22,747,676. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William W. Sengelmann sold 763 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $89.76, for a total transaction of $68,486.88. Following the completion of the transaction, the executive vice president now owns 71,836 shares in the company, valued at approximately $6,447,999.36. The disclosure for this sale can be found here. Insiders sold a total of 118,584 shares of company stock worth $10,618,035 in the last quarter. Company insiders own 4.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in CPT. YorkBridge Wealth Partners LLC increased its holdings in Camden Property Trust by 6.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 67 shares in the last quarter. Perigon Wealth Management LLC purchased a new stake in Camden Property Trust in the 1st quarter worth approximately $110,000. Founders Capital Management purchased a new stake in Camden Property Trust in the 1st quarter worth approximately $140,000. Laurion Capital Management LP purchased a new stake in Camden Property Trust in the 1st quarter worth approximately $201,000. Finally, Eqis Capital Management Inc. purchased a new stake in Camden Property Trust in the 2nd quarter worth approximately $201,000. 95.94% of the stock is owned by institutional investors.

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.

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

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