Camden Property Trust (NYSE:CPT) Issues Quarterly Earnings Results

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Camden Property Trust (NYSE:CPT) released its earnings results on Thursday, October 25th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.79), Fidelity Earnings reports. Camden Property Trust had a return on equity of 5.94% and a net margin of 21.81%. The company had revenue of $241.77 million during the quarter, compared to the consensus estimate of $238.79 million.

CPT stock traded down $0.10 on Friday, hitting $92.54. 562,271 shares of the company’s stock traded hands, compared to its average volume of 617,406. Camden Property Trust has a 1-year low of $78.19 and a 1-year high of $95.67. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a market cap of $8.60 billion, a PE ratio of 20.43, a P/E/G ratio of 2.94 and a beta of 0.30.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 17th. Investors of record on Friday, September 28th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.33%. The ex-dividend date was Thursday, September 27th. Camden Property Trust’s dividend payout ratio is presently 67.99%.

In other Camden Property Trust news, Director William B. Mcguire sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $92.60, for a total value of $202,794.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP William W. Sengelmann sold 31,895 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $94.42, for a total transaction of $3,011,525.90. Following the transaction, the executive vice president now owns 78,276 shares in the company, valued at approximately $7,390,819.92. The disclosure for this sale can be found here. Insiders have sold 247,921 shares of company stock worth $23,290,722 in the last 90 days. 4.70% of the stock is owned by company insiders.

A number of equities research analysts recently weighed in on CPT shares. Citigroup boosted their price objective on shares of Camden Property Trust from $95.00 to $96.00 and gave the company a “hold” rating in a research report on Tuesday, October 30th. ValuEngine raised shares of Camden Property Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Zacks Investment Research raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a research report on Wednesday, October 3rd. Sandler O’Neill set a $105.00 price objective on shares of Camden Property Trust and gave the company a “buy” rating in a research report on Friday, August 3rd. Finally, Capital One Financial restated an “equal weight” rating on shares of Camden Property Trust in a research report on Sunday, October 21st. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $94.59.

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About Camden Property Trust

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 158 properties containing 54,181 apartment homes across the United States.

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Earnings History for Camden Property Trust (NYSE:CPT)

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