Equities Analysts Issue Forecasts for Camden Property Trust’s Q1 2018 Earnings (CPT)

Camden Property Trust (NYSE:CPT) – Equities research analysts at DA Davidson lowered their Q1 2018 earnings per share (EPS) estimates for shares of Camden Property Trust in a report released on Monday. DA Davidson analyst J. Lykins now expects that the real estate investment trust will post earnings of $1.13 per share for the quarter, down from their prior forecast of $1.18. DA Davidson also issued estimates for Camden Property Trust’s Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.16 EPS and FY2018 earnings at $4.72 EPS.

Several other equities research analysts also recently commented on the stock. Sandler O’Neill set a $97.00 target price on shares of Camden Property Trust and gave the stock a “buy” rating in a research report on Tuesday. Stifel Nicolaus reiterated a “buy” rating and set a $94.00 target price on shares of Camden Property Trust in a research report on Monday. Zacks Investment Research upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. BMO Capital Markets set a $96.00 price target on shares of Camden Property Trust and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, SunTrust Banks set a $89.00 price target on shares of Camden Property Trust and gave the stock a “hold” rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $92.47.

Shares of Camden Property Trust (CPT) opened at $81.73 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.63. Camden Property Trust has a 1 year low of $78.38 and a 1 year high of $96.39. The company has a market cap of $7,869.55, a P/E ratio of 17.89, a P/E/G ratio of 3.14 and a beta of 0.34.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.27). Camden Property Trust had a return on equity of 6.01% and a net margin of 21.80%. The business had revenue of $229.80 million for the quarter, compared to analyst estimates of $228.99 million. During the same quarter in the prior year, the business earned $1.15 earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its holdings in shares of Camden Property Trust by 14.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 13,100 shares of the real estate investment trust’s stock worth $1,206,000 after buying an additional 1,650 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Camden Property Trust by 128.3% in the 4th quarter. Teacher Retirement System of Texas now owns 149,231 shares of the real estate investment trust’s stock worth $13,738,000 after buying an additional 83,866 shares during the last quarter. ING Groep NV boosted its holdings in shares of Camden Property Trust by 23.5% in the 4th quarter. ING Groep NV now owns 13,982 shares of the real estate investment trust’s stock worth $1,287,000 after buying an additional 2,663 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Camden Property Trust by 5.7% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 28,134 shares of the real estate investment trust’s stock worth $2,579,000 after buying an additional 1,511 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of Camden Property Trust by 4.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 50,411 shares of the real estate investment trust’s stock worth $4,641,000 after buying an additional 2,212 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

In other Camden Property Trust news, President D Keith Oden sold 55,682 shares of the business’s stock in a transaction on Monday, December 11th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard J. Campo sold 379 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was 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 of the company’s stock, valued at approximately $31,969,734.36. The disclosure for this sale can be found here. Insiders have sold a total of 126,297 shares of company stock valued at $11,635,108 in the last 90 days. 4.70% of the stock is currently owned by company insiders.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Wednesday, March 28th. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.75. Camden Property Trust’s payout ratio is 142.86%.

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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.

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

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