Camden Property Trust (NYSE:CPT) – Investment analysts at SunTrust Banks upped their Q3 2019 EPS estimates for Camden Property Trust in a research report issued to clients and investors on Wednesday, June 12th. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will earn $1.27 per share for the quarter, up from their previous estimate of $1.26. SunTrust Banks has a “Buy” rating and a $108.00 price objective on the stock. SunTrust Banks also issued estimates for Camden Property Trust’s Q4 2019 earnings at $1.30 EPS, FY2019 earnings at $5.06 EPS, Q2 2020 earnings at $1.35 EPS, Q3 2020 earnings at $1.34 EPS, Q4 2020 earnings at $1.35 EPS and FY2020 earnings at $5.34 EPS.
A number of other equities analysts also recently issued reports on the company. KeyCorp increased their price objective on Camden Property Trust from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Sandler O’Neill downgraded Camden Property Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Finally, Barclays reiterated a “buy” rating and issued a $108.00 price objective on shares of Camden Property Trust in a report on Tuesday, April 16th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $100.53.
CPT opened at $106.28 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 3.20 and a beta of 0.47. Camden Property Trust has a 12-month low of $83.67 and a 12-month high of $106.92.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.22. The business had revenue of $248.57 million during the quarter, compared to the consensus estimate of $246.50 million. Camden Property Trust had a return on equity of 4.45% and a net margin of 15.98%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.15 earnings per share.
In other news, President D Keith Oden sold 37,500 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $105.44, for a total value of $3,954,000.00. Following the sale, the president now directly owns 291,083 shares of the company’s stock, valued at $30,691,791.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Richard J. Campo sold 60,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $105.32, for a total value of $6,319,200.00. Following the completion of the sale, the chairman now directly owns 273,948 shares in the company, valued at $28,852,203.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,479 shares of company stock worth $10,475,434. Insiders own 3.40% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group boosted its position in shares of Camden Property Trust by 71.7% during the fourth quarter. Rehmann Capital Advisory Group now owns 297 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 124 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Camden Property Trust by 8,705.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 3,169,926 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Camden Property Trust by 454.9% during the first quarter. Rockefeller Capital Management L.P. now owns 455 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 373 shares during the last quarter. Icon Wealth Partners LLC purchased a new stake in shares of Camden Property Trust during the first quarter valued at $52,000. Finally, Penserra Capital Management LLC purchased a new stake in shares of Camden Property Trust during the first quarter valued at $58,000. 93.17% of the stock is currently owned by hedge funds and other institutional investors.
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 161 properties containing 55,160 apartment homes across the United States.
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