Camden Property Trust (NYSE:CPT) – Stock analysts at SunTrust Banks dropped their Q3 2017 earnings per share (EPS) estimates for Camden Property Trust in a research report issued on Friday. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will post earnings of $1.15 per share for the quarter, down from their previous estimate of $1.17. SunTrust Banks also issued estimates for Camden Property Trust’s Q4 2017 earnings at $1.22 EPS, FY2017 earnings at $4.61 EPS, FY2020 earnings at $5.52 EPS and FY2021 earnings at $5.75 EPS.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The firm had revenue of $222.40 million during the quarter, compared to the consensus estimate of $222.44 million. During the same period last year, the firm posted $1.15 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “Q3 2017 EPS Estimates for Camden Property Trust Decreased by Analyst (CPT)” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/09/11/q3-2017-eps-estimates-for-camden-property-trust-decreased-by-analyst-cpt.html.

CPT has been the topic of a number of other reports. Royal Bank Of Canada reiterated a “buy” rating and set a $91.00 price objective on shares of Camden Property Trust in a research note on Sunday, July 16th. Barclays PLC raised their price target on shares of Camden Property Trust from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 18th. BMO Capital Markets upgraded shares of Camden Property Trust from a “market perform” rating to an “outperform” rating and raised their price target for the company from $81.00 to $89.00 in a research note on Thursday, May 25th. They noted that the move was a valuation call. Evercore ISI upgraded shares of Camden Property Trust from an “in-line” rating to an “outperform” rating and raised their price target for the company from $87.00 to $90.00 in a research note on Thursday, May 18th. They noted that the move was a valuation call. Finally, KeyCorp upgraded shares of Camden Property Trust from a “sector weight” rating to an “overweight” rating and set a $93.00 price target on the stock in a research note on Tuesday, June 13th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Camden Property Trust presently has an average rating of “Hold” and a consensus target price of $90.40.

Camden Property Trust (NYSE CPT) opened at 95.70 on Monday. The company’s 50-day moving average is $89.86 and its 200 day moving average is $85.07. The company has a market capitalization of $8.39 billion, a P/E ratio of 21.41 and a beta of 0.38. Camden Property Trust has a one year low of $75.36 and a one year high of $95.86.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 29th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.13%. Camden Property Trust’s dividend payout ratio (DPR) is presently 67.11%.

In related news, COO H Malcolm Stewart sold 11,174 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.75, for a total value of $1,002,866.50. Following the completion of the transaction, the chief operating officer now owns 253,456 shares in the company, valued at approximately $22,747,676. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William W. Sengelmann sold 5,085 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $90.15, for a total transaction of $458,412.75. Following the completion of the transaction, the executive vice president now owns 71,836 shares of the company’s stock, valued at approximately $6,476,015.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,811 shares of company stock valued at $10,812,185. 4.70% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of CPT. Commerzbank Aktiengesellschaft FI raised its holdings in Camden Property Trust by 18.7% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 3,537 shares of the real estate investment trust’s stock valued at $285,000 after buying an additional 558 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Camden Property Trust by 1.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 126,671 shares of the real estate investment trust’s stock worth $10,192,000 after purchasing an additional 1,700 shares during the last quarter. First Trust Advisors LP raised its holdings in Camden Property Trust by 271.4% during the 1st quarter. First Trust Advisors LP now owns 112,753 shares of the real estate investment trust’s stock worth $9,072,000 after purchasing an additional 82,394 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Camden Property Trust by 24.1% during the 1st quarter. Advisors Asset Management Inc. now owns 21,323 shares of the real estate investment trust’s stock worth $1,716,000 after purchasing an additional 4,143 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Camden Property Trust by 178.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 5,510 shares of the real estate investment trust’s stock worth $465,000 after purchasing an additional 3,530 shares during the last quarter. Institutional investors and hedge funds own 95.94% of the company’s stock.

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. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.

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

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