Camden Property Trust (NYSE:CPT – Get Free Report) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 1.650-1.690 for the period, compared to the consensus estimate of 1.670. The company issued revenue guidance of -. Camden Property Trust also updated its FY 2024 guidance to 6.620-6.860 EPS.
Camden Property Trust Stock Up 0.9 %
CPT traded up $0.90 during trading on Monday, hitting $105.98. 1,433,052 shares of the company’s stock were exchanged, compared to its average volume of 1,114,279. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $114.04. The business’s 50 day moving average is $98.16 and its two-hundred day moving average is $95.40. The company has a quick ratio of 0.88, a current ratio of 0.43 and a debt-to-equity ratio of 0.71. The stock has a market cap of $11.54 billion, a P/E ratio of 25.98, a PEG ratio of 3.94 and a beta of 0.82.
Camden Property Trust (NYSE:CPT – Get Free Report) last released its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.92% and a net margin of 28.78%. The company had revenue of $387.59 million for the quarter, compared to analyst estimates of $387.33 million. During the same period in the previous year, the company posted $1.74 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities analysts expect that Camden Property Trust will post 6.72 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
About Camden Property Trust
Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,634 apartment homes across the United States.
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