Camden Property Trust (NYSE:CPT) – Analysts at SunTrust Banks dropped their FY2017 earnings estimates for Camden Property Trust in a report released on Tuesday. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings of $4.56 per share for the year, down from their previous forecast of $4.61. SunTrust Banks currently has a “Hold” rating and a $93.00 price target on the stock. SunTrust Banks also issued estimates for Camden Property Trust’s Q4 2017 earnings at $1.21 EPS, FY2019 earnings at $5.13 EPS, FY2020 earnings at $5.44 EPS and FY2021 earnings at $5.66 EPS.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The firm had revenue of $222.40 million during the quarter, compared to analyst estimates of $222.44 million. During the same quarter in the prior year, the firm posted $1.15 earnings per share. Camden Property Trust’s quarterly revenue was up .4% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/05/suntrust-banks-weighs-in-on-camden-property-trusts-fy2017-earnings-cpt.html.

CPT has been the subject of several other research reports. BMO Capital Markets reissued a “buy” rating and issued a $95.00 target price on shares of Camden Property Trust in a research note on Friday, September 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $91.00 target price on shares of Camden Property Trust in a research note on Sunday, July 16th. Barclays PLC boosted 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 boosted 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, KeyCorp boosted their target price on shares of Camden Property Trust from $93.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $92.20.

Shares of Camden Property Trust (NYSE CPT) opened at 92.25 on Thursday. Camden Property Trust has a one year low of $75.36 and a one year high of $96.39. The company has a 50 day moving average of $91.76 and a 200-day moving average of $86.52. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 20.64 and a beta of 0.41.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Thursday, September 28th. Camden Property Trust’s payout ratio is currently 67.11%.

In other news, EVP William W. Sengelmann sold 5,085 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $90.15, for a total transaction of $458,412.75. Following the completion of the sale, the executive vice president now owns 71,836 shares in the company, valued at approximately $6,476,015.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William W. Sengelmann sold 763 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $89.76, for a total value of $68,486.88. Following the sale, the executive vice president now owns 71,836 shares of the company’s stock, valued at approximately $6,447,999.36. The disclosure for this sale can be found here. Insiders have sold a total of 118,584 shares of company stock valued at $10,618,035 in the last quarter. Company insiders own 4.70% of the company’s stock.

Several large investors have recently modified their holdings of CPT. UBS Asset Management Americas Inc. grew its holdings in shares of Camden Property Trust by 26.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 402,220 shares of the real estate investment trust’s stock worth $32,363,000 after purchasing an additional 83,478 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Camden Property Trust during the 1st quarter worth about $1,217,000. Parametric Portfolio Associates LLC grew its holdings in shares of Camden Property Trust by 7.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 104,315 shares of the real estate investment trust’s stock worth $8,393,000 after purchasing an additional 7,138 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Camden Property Trust by 14.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,655 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 471 shares during the period. Finally, Stifel Financial Corp grew its holdings in shares of Camden Property Trust by 9.3% during the 1st quarter. Stifel Financial Corp now owns 22,975 shares of the real estate investment trust’s stock worth $1,851,000 after purchasing an additional 1,962 shares during the period. Institutional investors and hedge funds own 90.58% of the company’s stock.

About Camden Property Trust

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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