Brokerages Anticipate Camden Property Trust (NYSE:CPT) Will Announce Earnings of $1.28 Per Share

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Equities research analysts expect that Camden Property Trust (NYSE:CPT) will announce $1.28 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Camden Property Trust’s earnings, with estimates ranging from $1.27 to $1.29. Camden Property Trust reported earnings per share of $1.20 during the same quarter last year, which suggests a positive year over year growth rate of 6.7%. The company is scheduled to report its next earnings results on Thursday, October 24th.

According to Zacks, analysts expect that Camden Property Trust will report full year earnings of $5.09 per share for the current year, with EPS estimates ranging from $5.07 to $5.10. For the next year, analysts expect that the firm will post earnings of $5.34 per share, with EPS estimates ranging from $5.30 to $5.38. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Camden Property Trust.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.84). The company had revenue of $255.76 million during the quarter, compared to the consensus estimate of $252.76 million. Camden Property Trust had a return on equity of 4.48% and a net margin of 16.05%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $1.00 earnings per share.

CPT has been the topic of several research analyst reports. SunTrust Banks upped their price objective on shares of Camden Property Trust to $108.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Zacks Investment Research lowered Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Thursday. Zelman & Associates raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Monday, August 12th. DA Davidson lowered Camden Property Trust from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 23rd. Finally, Citigroup upped their target price on Camden Property Trust from $100.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Camden Property Trust has an average rating of “Buy” and a consensus target price of $104.00.

Shares of CPT stock traded up $0.47 during trading on Friday, hitting $109.44. The company had a trading volume of 2,906 shares, compared to its average volume of 433,401. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.67. The stock’s 50-day moving average is $106.73 and its two-hundred day moving average is $103.70. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 3.16 and a beta of 0.43. Camden Property Trust has a 52 week low of $83.67 and a 52 week high of $111.00.

In other news, COO H Malcolm Stewart sold 16,200 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $107.17, for a total transaction of $1,736,154.00. Following the completion of the sale, the chief operating officer now owns 149,537 shares of the company’s stock, valued at $16,025,880.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William B. Mcguire sold 1,979 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $104.12, for a total value of $206,053.48. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new stake in Camden Property Trust in the second quarter worth $26,000. HM Payson & Co. purchased a new stake in Camden Property Trust in the second quarter worth $49,000. Icon Wealth Partners LLC purchased a new stake in Camden Property Trust in the first quarter worth $52,000. Penserra Capital Management LLC bought a new position in Camden Property Trust in the first quarter worth $58,000. Finally, Machina Capital S.A.S. bought a new position in Camden Property Trust in the second quarter worth $62,000. 93.41% of the stock is owned by hedge funds and other institutional investors.

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 161 properties containing 55,160 apartment homes across the United States.

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

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