Camden Property Trust (CPT) to Post FY2022 Earnings of $5.62 Per Share, SunTrust Banks Forecasts

Camden Property Trust (NYSE:CPT) – Stock analysts at SunTrust Banks issued their FY2022 earnings per share estimates for Camden Property Trust in a research note issued on Monday. SunTrust Banks analyst M. Lewis anticipates that the real estate investment trust will post earnings per share of $5.62 for the year. SunTrust Banks currently has a “Hold” rating and a $89.00 target price on the stock.

Several other equities research analysts have also weighed in on the company. TheStreet lowered Camden Property Trust from a “b” rating to a “c+” rating in a research report on Thursday, January 18th. Zacks Investment Research lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Robert W. Baird reissued a “hold” rating and set a $93.00 target price on shares of Camden Property Trust in a research report on Tuesday, January 9th. JPMorgan Chase & Co. raised Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 target price on the stock in a research report on Friday, December 15th. Finally, BMO Capital Markets reissued a “buy” rating and set a $97.00 target price on shares of Camden Property Trust in a research report on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. Camden Property Trust currently has an average rating of “Hold” and a consensus target price of $93.40.

Shares of Camden Property Trust (CPT) traded up $1.39 during midday trading on Tuesday, hitting $87.07. The stock had a trading volume of 320,748 shares, compared to its average volume of 474,973. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.64. Camden Property Trust has a 1-year low of $78.38 and a 1-year high of $96.39. The firm has a market cap of $7,859.78, a price-to-earnings ratio of 53.09, a PEG ratio of 3.28 and a beta of 0.42.

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 for the quarter, missing the 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 business had revenue of $228.18 million for the quarter, compared to analyst estimates of $226.41 million. During the same period last year, the business posted $1.13 EPS. Camden Property Trust’s revenue was up 3.6% on a year-over-year basis.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 17th. Shareholders of record on Friday, December 15th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.45%. The ex-dividend date was Thursday, December 14th. Camden Property Trust’s dividend payout ratio (DPR) is 182.93%.

In other Camden Property Trust news, EVP William W. Sengelmann sold 4,478 shares of Camden Property Trust stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $88.42, for a total transaction of $395,944.76. Following the transaction, the executive vice president now owns 66,567 shares of the company’s stock, valued at $5,885,854.14. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Kelvin R. Westbrook sold 425 shares of Camden Property Trust stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $88.42, for a total value of $37,578.50. Following the transaction, the director now directly owns 20,477 shares in the company, valued at approximately $1,810,576.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 126,297 shares of company stock worth $11,635,108. 4.70% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the business. YorkBridge Wealth Partners LLC grew its stake in shares of 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 valued at $101,000 after purchasing an additional 67 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Camden Property Trust by 0.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 12,989 shares of the real estate investment trust’s stock valued at $1,111,000 after purchasing an additional 97 shares during the last quarter. Linscomb & Williams Inc. grew its stake in shares of Camden Property Trust by 2.6% in the 2nd quarter. Linscomb & Williams Inc. now owns 4,805 shares of the real estate investment trust’s stock valued at $411,000 after purchasing an additional 124 shares during the last quarter. Phocas Financial Corp. grew its stake in shares of Camden Property Trust by 3.4% in the 2nd quarter. Phocas Financial Corp. now owns 5,619 shares of the real estate investment trust’s stock valued at $480,000 after purchasing an additional 183 shares during the last quarter. Finally, People s United Financial Inc. grew its stake in shares of Camden Property Trust by 1.6% in the 2nd quarter. People s United Financial Inc. now owns 12,408 shares of the real estate investment trust’s stock valued at $1,061,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 96.89% of the company’s stock.

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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.

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

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