Camden Property Trust (NYSE:CPT) Earns Coverage Optimism Score of 0.33

News headlines about Camden Property Trust (NYSE:CPT) have trended positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Camden Property Trust earned a media sentiment score of 0.33 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.8471396849077 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several research analysts have commented on the stock. Zacks Investment Research lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. BMO Capital Markets set a $94.00 price objective on Camden Property Trust and gave the company a “buy” rating in a report on Monday, February 12th. Royal Bank of Canada reiterated a “buy” rating and issued a $92.00 target price on shares of Camden Property Trust in a report on Monday, February 12th. Mizuho set a $81.00 price target on Camden Property Trust and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, Sandler O’Neill set a $97.00 price target on Camden Property Trust and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $90.57.

Shares of Camden Property Trust (NYSE:CPT) traded down $0.01 during trading on Wednesday, reaching $83.11. The company had a trading volume of 104,997 shares, compared to its average volume of 655,106. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.63. The stock has a market cap of $7,670.79, a PE ratio of 39.58, a price-to-earnings-growth ratio of 2.87 and a beta of 0.41. Camden Property Trust has a 12 month low of $78.19 and a 12 month high of $96.39.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.27). The business had revenue of $229.80 million for the quarter, compared to analyst estimates of $228.99 million. Camden Property Trust had a return on equity of 6.01% and a net margin of 21.80%. Camden Property Trust’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $1.15 EPS. equities research analysts anticipate that Camden Property Trust will post 4.72 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Friday, March 30th will be paid a $0.77 dividend. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.75. This represents a $3.08 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Wednesday, March 28th. Camden Property Trust’s dividend payout ratio (DPR) is 142.86%.

In other news, Director Kelvin R. Westbrook sold 425 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $88.42, for a total value of $37,578.50. Following the completion of the transaction, the director now directly owns 20,477 shares of the company’s stock, valued at $1,810,576.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William W. Sengelmann sold 4,478 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $88.42, for a total value of $395,944.76. Following the completion of the transaction, the executive vice president now directly owns 66,567 shares of the company’s stock, valued at $5,885,854.14. The disclosure for this sale can be found here. Company insiders own 4.70% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Camden Property Trust (NYSE:CPT)

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