Camden Property Trust (NYSE:CPT – Get Rating) – Research analysts at KeyCorp raised their FY2022 earnings per share estimates for Camden Property Trust in a report released on Monday, June 27th. KeyCorp analyst A. Wurschmidt now anticipates that the real estate investment trust will post earnings of $6.59 per share for the year, up from their prior forecast of $6.45. The consensus estimate for Camden Property Trust’s current full-year earnings is $6.51 per share. KeyCorp also issued estimates for Camden Property Trust’s FY2023 earnings at $7.27 EPS.
Camden Property Trust (NYSE:CPT – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($1.07). Camden Property Trust had a net margin of 29.75% and a return on equity of 8.67%. The firm had revenue of $311.36 million during the quarter, compared to analysts’ expectations of $308.90 million. During the same quarter in the prior year, the firm posted $1.24 EPS. Camden Property Trust’s quarterly revenue was up 16.4% compared to the same quarter last year.
Other analysts also recently issued reports about the company. The Goldman Sachs Group downgraded Camden Property Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $172.00 to $158.00 in a research note on Tuesday, May 17th. StockNews.com started coverage on Camden Property Trust in a report on Thursday, March 31st. They set a “hold” rating on the stock. Barclays decreased their price objective on Camden Property Trust from $193.00 to $174.00 in a report on Tuesday, May 10th. Piper Sandler decreased their price objective on Camden Property Trust from $195.00 to $180.00 in a report on Wednesday, May 4th. Finally, Robert W. Baird cut their target price on Camden Property Trust from $175.00 to $153.00 and set an “outperform” rating on the stock in a research report on Friday, June 24th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.69.
NYSE:CPT opened at $133.92 on Wednesday. Camden Property Trust has a 1 year low of $125.17 and a 1 year high of $180.37. The company has a debt-to-equity ratio of 0.86, a quick ratio of 5.55 and a current ratio of 5.55. The stock has a market cap of $14.27 billion, a P/E ratio of 39.74, a P/E/G ratio of 3.79 and a beta of 0.78. The stock has a 50-day simple moving average of $142.89 and a 200-day simple moving average of $158.60.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, June 29th. Camden Property Trust’s dividend payout ratio is currently 111.57%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky increased its stake in Camden Property Trust by 3.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 13,913 shares of the real estate investment trust’s stock valued at $2,312,000 after acquiring an additional 400 shares during the period. Bank of America Corp DE grew its stake in shares of Camden Property Trust by 34.1% during the first quarter. Bank of America Corp DE now owns 325,167 shares of the real estate investment trust’s stock valued at $54,044,000 after purchasing an additional 82,682 shares during the last quarter. Walleye Capital LLC acquired a new position in Camden Property Trust in the first quarter valued at approximately $2,302,000. Toroso Investments LLC lifted its holdings in Camden Property Trust by 35.0% in the first quarter. Toroso Investments LLC now owns 7,309 shares of the real estate investment trust’s stock valued at $1,215,000 after buying an additional 1,895 shares during the period. Finally, Wealthfront Advisers LLC lifted its holdings in Camden Property Trust by 79.7% in the first quarter. Wealthfront Advisers LLC now owns 20,473 shares of the real estate investment trust’s stock valued at $3,403,000 after buying an additional 9,080 shares during the period. 92.35% of the stock is currently owned by institutional investors and hedge funds.
Camden Property Trust Company Profile (Get Rating)
Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States.
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