Camden Property Trust (NYSE:CPT) – Analysts at KeyCorp cut their FY2017 earnings per share estimates for shares of Camden Property Trust in a note issued to investors on Wednesday. KeyCorp analyst A. Wurschmidt now anticipates that the real estate investment trust will post earnings per share of $4.52 for the year, down from their prior estimate of $4.54. KeyCorp currently has a “Overweight” rating and a $98.00 price objective on the stock. KeyCorp also issued estimates for Camden Property Trust’s Q1 2018 earnings at $1.18 EPS and FY2018 earnings at $4.84 EPS.
Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.03). The business had revenue of $228.18 million during the quarter, compared to the consensus estimate of $226.41 million. Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $1.13 EPS.
Camden Property Trust (CPT) opened at $89.81 on Friday. The stock has a market cap of $8,370.42, a PE ratio of 20.07, a PEG ratio of 3.69 and a beta of 0.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.94 and a quick ratio of 1.94. Camden Property Trust has a one year low of $78.38 and a one year high of $96.39.
Hedge funds and other institutional investors have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC grew its stake in shares of Camden Property Trust by 6.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 67 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Camden Property Trust in the third quarter valued at $110,000. Perigon Wealth Management LLC grew its stake in shares of Camden Property Trust by 59.3% in the second quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 800 shares in the last quarter. Bbva Compass Bancshares Inc. bought a new position in shares of Camden Property Trust in the third quarter valued at $234,000. Finally, Sawtooth Solutions LLC grew its stake in shares of Camden Property Trust by 2.7% in the second quarter. Sawtooth Solutions LLC now owns 2,701 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 72 shares in the last quarter. Institutional investors own 96.86% of the company’s stock.
In other news, President D Keith Oden sold 13,086 shares of Camden Property Trust stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $92.25, for a total value of $1,207,183.50. Following the sale, the president now directly owns 364,771 shares in the company, valued at $33,650,124.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard J. Campo sold 379 shares of Camden Property Trust stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $94.44, for a total transaction of $35,792.76. Following the completion of the sale, the chairman now owns 338,519 shares in the company, valued at $31,969,734.36. The disclosure for this sale can be found here. Insiders have sold a total of 121,394 shares of company stock worth $11,201,585 over the last 90 days. Corporate insiders own 4.70% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $3.00 annualized dividend and a yield of 3.34%. Camden Property Trust’s dividend payout ratio (DPR) is currently 182.93%.
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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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