Camden Property Trust (NYSE:CPT) – Research analysts at KeyCorp cut their FY2017 EPS estimates for shares of Camden Property Trust in a note issued to investors on Monday. KeyCorp analyst A. Wurschmidt now forecasts that the firm will post earnings of $4.58 per share for the year, down from their previous forecast of $4.59.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, October 27th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. Camden Property Trust had a net margin of 94.44% and a return on equity of 15.12%. The business earned $220.20 million during the quarter, compared to analyst estimates of $218.51 million. During the same period in the prior year, the business earned $0.91 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: “KeyCorp Analysts Lower Earnings Estimates for Camden Property Trust (CPT)” was first published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/29/keycorp-analysts-lower-earnings-estimates-for-camden-property-trust-cpt.html.

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

A number of other research firms also recently commented on CPT. Mizuho downgraded shares of Camden Property Trust from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $92.00 to $93.00 in a report on Monday, August 1st. Robert W. Baird downgraded shares of Camden Property Trust from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $83.00 to $88.00 in a report on Wednesday, August 10th. Citigroup Inc. lifted their price target on shares of Camden Property Trust from $87.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. RBC Capital Markets reissued a “buy” rating on shares of Camden Property Trust in a report on Monday, August 29th. Finally, Barclays PLC lifted their price target on shares of Camden Property Trust from $92.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, August 12th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $87.31.

Camden Property Trust (NYSE:CPT) traded up 0.47% during mid-day trading on Tuesday, reaching $79.08. 697,497 shares of the company traded hands. The stock’s 50-day moving average price is $78.63 and its 200-day moving average price is $84.08. The firm has a market cap of $6.92 billion, a PE ratio of 8.53 and a beta of 0.43. Camden Property Trust has a one year low of $69.76 and a one year high of $90.91.

In related news, EVP William W. Sengelmann sold 5,878 shares of Camden Property Trust stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $85.56, for a total transaction of $502,921.68. Following the transaction, the executive vice president now owns 78,689 shares of the company’s stock, valued at approximately $6,732,630.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO H Malcolm Stewart sold 11,122 shares of Camden Property Trust stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $89.63, for a total transaction of $996,864.86. Following the transaction, the chief operating officer now directly owns 252,526 shares in the company, valued at approximately $22,633,905.38. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “KeyCorp Analysts Lower Earnings Estimates for Camden Property Trust (CPT)” was first published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/29/keycorp-analysts-lower-earnings-estimates-for-camden-property-trust-cpt.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPT. Cohen & Steers Inc. raised its position in Camden Property Trust by 1,532.7% in the second quarter. Cohen & Steers Inc. now owns 4,557,918 shares of the real estate investment trust’s stock valued at $403,011,000 after buying an additional 4,278,755 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Camden Property Trust by 817.8% in the second quarter. Daiwa Securities Group Inc. now owns 2,614,404 shares of the real estate investment trust’s stock valued at $231,166,000 after buying an additional 2,329,541 shares during the last quarter. JPMorgan Chase & Co. raised its position in Camden Property Trust by 234.4% in the second quarter. JPMorgan Chase & Co. now owns 2,014,352 shares of the real estate investment trust’s stock valued at $178,108,000 after buying an additional 1,411,926 shares during the last quarter. Bank of New York Mellon Corp raised its position in Camden Property Trust by 19.5% in the second quarter. Bank of New York Mellon Corp now owns 2,835,096 shares of the real estate investment trust’s stock valued at $250,679,000 after buying an additional 463,446 shares during the last quarter. Finally, American Century Companies Inc. purchased a new position in Camden Property Trust during the second quarter valued at $40,812,000. 96.55% of the stock is currently owned by institutional investors and hedge funds.

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

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