Camden Property Trust (NYSE:CPT) is set to issue its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $1.28 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.84). The firm had revenue of $255.76 million during the quarter, compared to analyst estimates of $252.76 million. Camden Property Trust had a net margin of 16.05% and a return on equity of 4.48%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 EPS. On average, analysts expect Camden Property Trust to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of CPT stock opened at $114.45 on Thursday. The stock has a market cap of $11.13 billion, a P/E ratio of 23.99, a P/E/G ratio of 3.28 and a beta of 0.41. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.94 and a quick ratio of 0.94. The company has a fifty day moving average price of $111.40 and a two-hundred day moving average price of $106.15. Camden Property Trust has a one year low of $83.67 and a one year high of $115.22.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Friday, September 27th. Camden Property Trust’s dividend payout ratio is currently 67.09%.
CPT has been the subject of a number of recent analyst reports. Barclays reiterated a “buy” rating and issued a $124.00 price target on shares of Camden Property Trust in a research note on Sunday, October 13th. Capital One Financial upgraded shares of Camden Property Trust from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $107.00 to $119.00 in a research note on Monday, September 16th. Zacks Investment Research cut shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. increased their price target on shares of Camden Property Trust from $110.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, ValuEngine cut shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Camden Property Trust currently has an average rating of “Buy” and an average target price of $107.92.
In other news, Director William B. Mcguire sold 1,979 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $104.12, for a total value of $206,053.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is owned by corporate insiders.
Camden Property Trust Company Profile
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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