Camden Property Trust (NYSE:CPT) – Investment analysts at SunTrust Banks decreased their FY2022 EPS estimates for Camden Property Trust in a research note issued to investors on Tuesday, November 27th. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will earn $5.68 per share for the year, down from their prior estimate of $5.76. SunTrust Banks currently has a “Average” rating and a $95.00 price objective on the stock.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.79). The company had revenue of $241.77 million for the quarter, compared to analysts’ expectations of $238.79 million. Camden Property Trust had a return on equity of 5.94% and a net margin of 21.81%.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Sandler O’Neill set a $105.00 target price on shares of Camden Property Trust and gave the stock a “buy” rating in a report on Friday, August 3rd. Capital One Financial initiated coverage on shares of Camden Property Trust in a report on Monday, October 22nd. They set an “equal weight” rating and a $96.00 target price on the stock. Citigroup increased their target price on shares of Camden Property Trust from $91.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, August 8th. Finally, Deutsche Bank increased their target price on shares of Camden Property Trust from $92.00 to $93.00 and gave the stock a “hold” rating in a report on Wednesday, September 5th. Ten analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $95.29.
NYSE:CPT opened at $93.72 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.20 and a quick ratio of 0.20. The company has a market cap of $8.75 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.99 and a beta of 0.30. Camden Property Trust has a fifty-two week low of $78.19 and a fifty-two week high of $95.67.
In other news, insider Michael P. Gallagher sold 1,841 shares of Camden Property Trust stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $94.38, for a total value of $173,753.58. Following the sale, the insider now owns 24,783 shares of the company’s stock, valued at $2,339,019.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William B. Mcguire sold 2,190 shares of Camden Property Trust stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $92.60, for a total transaction of $202,794.00. The disclosure for this sale can be found here. Company insiders own 4.70% of the company’s stock.
Several large investors have recently modified their holdings of CPT. Daiwa Securities Group Inc. boosted its holdings in shares of Camden Property Trust by 38.9% in the second quarter. Daiwa Securities Group Inc. now owns 20,700 shares of the real estate investment trust’s stock valued at $1,886,000 after acquiring an additional 5,800 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Camden Property Trust in the second quarter valued at about $328,000. Parallel Advisors LLC lifted its stake in shares of Camden Property Trust by 1,495.0% in the second quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 1,196 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of Camden Property Trust by 116.7% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 79,397 shares of the real estate investment trust’s stock valued at $7,235,000 after purchasing an additional 42,753 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in Camden Property Trust by 1.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 82,774 shares of the real estate investment trust’s stock worth $7,543,000 after acquiring an additional 1,405 shares during the last quarter. 95.00% of the stock is currently owned by institutional investors and hedge funds.
About Camden Property Trust
Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 159 properties containing 54,480 apartment homes across the United States.
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