Camden Property Trust (NYSE:CPT) – Investment analysts at Capital One Financial Corp. upped their Q1 2017 EPS estimates for Camden Property Trust in a research note issued on Tuesday. Capital One Financial Corp. analyst T. Lesnick now forecasts that the firm will post earnings per share of $1.10 for the quarter, up from their prior forecast of $1.09. Capital One Financial Corp. also issued estimates for Camden Property Trust’s Q2 2017 earnings at $1.14 EPS, Q3 2017 earnings at $1.17 EPS, Q4 2017 earnings at $1.21 EPS and FY2017 earnings at $4.62 EPS.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $220.20 million for the quarter, compared to analyst estimates of $218.51 million. Camden Property Trust had a return on equity of 15.12% and a net margin of 94.44%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 earnings per share.

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

Other equities analysts have also issued research reports about the stock. Mizuho lowered shares of Camden Property Trust from a “buy” rating to a “neutral” rating and boosted their price target for the company from $92.00 to $93.00 in a report on Monday, August 1st. Deutsche Bank AG reaffirmed a “hold” rating and issued a $84.00 target price (up from $83.00) on shares of Camden Property Trust in a research note on Monday, July 18th. Zacks Investment Research raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Monday, July 18th. Barclays PLC upped their target price on shares of Camden Property Trust from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, August 12th. Finally, Citigroup Inc. upped their target price on shares of Camden Property Trust from $87.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $88.42.

Camden Property Trust (NYSE:CPT) opened at 77.66 on Thursday. Camden Property Trust has a 1-year low of $67.27 and a 1-year high of $90.91. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 8.38 and a beta of 0.43. The stock has a 50 day moving average price of $80.55 and a 200-day moving average price of $84.57.

Hedge funds have recently modified their holdings of the company. KCG Holdings Inc. bought a new stake in shares of Camden Property Trust during the third quarter worth about $665,000. Convergence Investment Partners LLC increased its stake in shares of Camden Property Trust by 35.1% in the third quarter. Convergence Investment Partners LLC now owns 13,863 shares of the real estate investment trust’s stock worth $1,161,000 after buying an additional 3,604 shares during the period. Pacer Advisors Inc. increased its stake in shares of Camden Property Trust by 9.7% in the third quarter. Pacer Advisors Inc. now owns 11,542 shares of the real estate investment trust’s stock worth $967,000 after buying an additional 1,025 shares during the period. Principal Financial Group Inc. increased its stake in shares of Camden Property Trust by 4.9% in the third quarter. Principal Financial Group Inc. now owns 345,017 shares of the real estate investment trust’s stock worth $28,892,000 after buying an additional 16,064 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Camden Property Trust by 1.0% in the third quarter. Northern Trust Corp now owns 1,144,433 shares of the real estate investment trust’s stock worth $95,834,000 after buying an additional 11,696 shares during the period. 96.55% of the stock is owned by institutional investors and hedge funds.

In other Camden Property Trust news, Director William B. Mcguire sold 2,124 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $81.76, for a total value of $173,658.24. Following the completion of the sale, the director now directly owns 2,015 shares of the company’s stock, valued at approximately $164,746.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William W. Sengelmann sold 5,878 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $85.56, for a total value of $502,921.68. Following the completion of the sale, the executive vice president now directly owns 78,689 shares of the company’s stock, valued at $6,732,630.84. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Investors of record on Friday, September 30th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.86%. The ex-dividend date was Wednesday, September 28th. Camden Property Trust’s dividend payout ratio is currently 32.40%.

Camden Property Trust Company Profile

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. The Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.

5 Day Chart for NYSE:CPT

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