Camden Property Trust (CPT) Forecasted to Earn Q1 2018 Earnings of $1.14 Per Share

Camden Property Trust (NYSE:CPT) – Analysts at SunTrust Banks issued their Q1 2018 earnings estimates for shares of Camden Property Trust in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst M. Lewis anticipates that the real estate investment trust will earn $1.14 per share for the quarter. SunTrust Banks currently has a “Hold” rating and a $89.00 target price on the stock. SunTrust Banks also issued estimates for Camden Property Trust’s Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.18 EPS, Q4 2018 earnings at $1.22 EPS and FY2018 earnings at $4.72 EPS.

CPT has been the topic of several other research reports. JPMorgan Chase & Co. raised shares of Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 price target on the stock in a report on Friday, December 15th. Mizuho reaffirmed a “hold” rating and issued a $90.00 price target on shares of Camden Property Trust in a report on Sunday, October 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $94.00 price target on shares of Camden Property Trust in a report on Monday. TheStreet downgraded shares of Camden Property Trust from a “b” rating to a “c+” rating in a report on Thursday, January 18th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $93.00 price target on shares of Camden Property Trust in a report on Tuesday, January 9th. One 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 company presently has a consensus rating of “Hold” and an average target price of $92.47.

Shares of Camden Property Trust (CPT) opened at $78.78 on Friday. Camden Property Trust has a fifty-two week low of $78.38 and a fifty-two week high of $96.39. The stock has a market cap of $7,807.41, a PE ratio of 37.51, a price-to-earnings-growth ratio of 3.12 and a beta of 0.34. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.24 and a quick ratio of 1.94.

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

Several large investors have recently bought and sold shares of CPT. Penserra Capital Management LLC acquired a new position in Camden Property Trust during the third quarter worth approximately $110,000. Victory Capital Management Inc. increased its position in Camden Property Trust by 285.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,386 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 1,026 shares during the last quarter. Perigon Wealth Management LLC increased its position in Camden Property Trust by 59.3% during the second quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock worth $185,000 after purchasing an additional 800 shares during the last quarter. Global X Management Co. LLC increased its position in Camden Property Trust by 45.3% during the fourth quarter. Global X Management Co. LLC now owns 2,309 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 720 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. acquired a new position in Camden Property Trust during the third quarter worth approximately $234,000. 97.22% of the stock is owned by institutional investors and hedge funds.

In other news, President D Keith Oden sold 55,682 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $92.27, for a total value of $5,137,778.14. Following the completion of the transaction, the president now owns 364,771 shares of the company’s stock, valued at $33,657,420.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Richard J. Campo sold 52,247 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $92.27, for a total transaction of $4,820,830.69. Following the completion of the transaction, the chairman now directly owns 344,201 shares of the company’s stock, valued at approximately $31,759,426.27. The disclosure for this sale can be found here. In the last three months, insiders sold 126,297 shares of company stock valued at $11,635,108. Company insiders own 4.70% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Friday, March 30th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.91%. 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 currently 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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