Camden Property Trust (NYSE:CPT) – Equities research analysts at DA Davidson lifted their Q2 2018 earnings per share (EPS) estimates for Camden Property Trust in a note issued to investors on Monday. DA Davidson analyst J. Lykins now anticipates that the real estate investment trust will post earnings of $1.20 per share for the quarter, up from their previous forecast of $1.18.

A number of other equities analysts also recently weighed in on CPT. Royal Bank Of Canada reaffirmed a “buy” rating and set a $91.00 price target on shares of Camden Property Trust in a research note on Sunday, July 16th. Barclays PLC increased their price target on shares of Camden Property Trust from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 18th. Deutsche Bank AG increased their price target on shares of Camden Property Trust from $84.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, August 18th. Stifel Nicolaus started coverage on shares of Camden Property Trust in a research note on Friday, September 1st. They set a “buy” rating and a $99.00 price target on the stock. Finally, Sandler O’Neill raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from $93.00 to $105.00 in a research note on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $92.06.

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Camden Property Trust (NYSE:CPT) traded down 0.24% during mid-day trading on Tuesday, reaching $90.87. 154,408 shares of the company traded hands. The stock has a market capitalization of $7.97 billion, a PE ratio of 20.33 and a beta of 0.41. Camden Property Trust has a 52-week low of $75.36 and a 52-week high of $96.39. The stock has a 50-day moving average of $92.71 and a 200 day moving average of $88.05.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.03). Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The company had revenue of $228.18 million during the quarter, compared to analyst estimates of $226.41 million. During the same quarter last year, the business posted $1.13 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Thursday, September 28th. Camden Property Trust’s dividend payout ratio is presently 182.93%.

In related news, EVP William W. Sengelmann sold 763 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $89.76, for a total transaction of $68,486.88. Following the completion of the sale, the executive vice president now directly owns 71,836 shares of the company’s stock, valued at approximately $6,447,999.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President D Keith Oden sold 86,540 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $89.43, for a total transaction of $7,739,272.20. The disclosure for this sale can be found here. In the last three months, insiders sold 118,584 shares of company stock worth $10,618,035. Insiders own 4.70% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Camden Property Trust by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 14,190,009 shares of the real estate investment trust’s stock valued at $1,213,387,000 after purchasing an additional 85,219 shares in the last quarter. BlackRock Inc. grew its holdings in Camden Property Trust by 3.1% during the 2nd quarter. BlackRock Inc. now owns 10,451,376 shares of the real estate investment trust’s stock valued at $893,697,000 after purchasing an additional 310,886 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Camden Property Trust by 32.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,312,251 shares of the real estate investment trust’s stock valued at $112,211,000 after purchasing an additional 318,689 shares in the last quarter. Northern Trust Corp grew its holdings in Camden Property Trust by 2.6% during the 2nd quarter. Northern Trust Corp now owns 1,279,525 shares of the real estate investment trust’s stock valued at $109,412,000 after purchasing an additional 32,620 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Camden Property Trust by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,220,885 shares of the real estate investment trust’s stock valued at $104,399,000 after purchasing an additional 15,780 shares in the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

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.

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

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