Camden Property Trust (NYSE:CPT – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 1.650-1.690 for the period, compared to the consensus earnings per share 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 Trading Up 0.9 %
CPT traded up $0.90 during trading on Monday, reaching $105.98. 1,433,052 shares of the company’s stock were exchanged, compared to its average volume of 1,114,279. The company has a current ratio of 0.43, a quick ratio of 0.88 and a debt-to-equity ratio of 0.71. Camden Property Trust has a one year low of $82.81 and a one year high of $114.04. The firm has a fifty day moving average price of $98.16 and a two-hundred day moving average price of $95.40. The stock has a market capitalization of $11.54 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 3.94 and a beta of 0.82.
Camden Property Trust (NYSE:CPT – Get Free Report) last issued its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.31. The company had revenue of $387.59 million for the quarter, compared to analyst estimates of $387.33 million. Camden Property Trust had a net margin of 28.78% and a return on equity of 8.92%. Camden Property Trust’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.74 earnings per share. As a group, equities research analysts forecast that Camden Property Trust will post 6.72 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
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Camden Property Trust Company Profile
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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