Equities analysts expect Camden Property Trust (NYSE:CPT) to post sales of $228.18 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Camden Property Trust’s earnings. The lowest sales estimate is $227.22 million and the highest is $230.13 million. Camden Property Trust posted sales of $217.14 million during the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The firm is expected to report its next earnings results on Tuesday, February 6th.
According to Zacks, analysts expect that Camden Property Trust will report full-year sales of $228.18 million for the current year, with estimates ranging from $898.29 million to $901.20 million. For the next fiscal year, analysts forecast that the firm will post sales of $944.25 million per share, with estimates ranging from $925.37 million to $978.67 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Camden Property Trust.
Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.03). Camden Property Trust had a return on equity of 4.71% and a net margin of 16.81%. The company had revenue of $228.18 million during the quarter, compared to the consensus estimate of $226.41 million. During the same period in the previous year, the company earned $1.13 earnings per share. Camden Property Trust’s quarterly revenue was up 3.6% on a year-over-year basis.
In other Camden Property Trust news, Chairman Richard J. Campo sold 379 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $94.44, for a total value of $35,792.76. Following the sale, the chairman now owns 338,519 shares in the company, valued at $31,969,734.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President D Keith Oden sold 55,682 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $92.27, for a total transaction of $5,137,778.14. Following the completion of the sale, the president now owns 364,771 shares in the company, valued at approximately $33,657,420.17. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,394 shares of company stock worth $11,201,585. Corporate insiders own 4.70% of the company’s stock.
Several large investors have recently bought and sold shares of CPT. Swiss National Bank grew its holdings in shares of Camden Property Trust by 2.2% during the second quarter. Swiss National Bank now owns 449,100 shares of the real estate investment trust’s stock valued at $38,403,000 after buying an additional 9,500 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Camden Property Trust by 11.8% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 216,667 shares of the real estate investment trust’s stock valued at $18,527,000 after buying an additional 22,914 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Camden Property Trust during the second quarter valued at approximately $341,000. Schroder Investment Management Group grew its holdings in shares of Camden Property Trust by 1,205.4% during the second quarter. Schroder Investment Management Group now owns 212,620 shares of the real estate investment trust’s stock valued at $18,266,000 after buying an additional 196,332 shares during the last quarter. Finally, AXA purchased a new stake in shares of Camden Property Trust during the second quarter valued at approximately $329,000. Hedge funds and other institutional investors own 96.86% of the company’s stock.
Camden Property Trust (CPT) traded down $2.99 during mid-day trading on Friday, reaching $88.69. 752,000 shares of the company were exchanged, compared to its average volume of 517,400. Camden Property Trust has a 12 month low of $78.38 and a 12 month high of $96.39. The company has a market capitalization of $8,230.00, a P/E ratio of 54.08, a P/E/G ratio of 3.55 and a beta of 0.42. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.64.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 15th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Thursday, December 14th. Camden Property Trust’s dividend payout ratio (DPR) is presently 182.93%.
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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.
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