News articles about Camden Property Trust (NYSE:CPT) have been trending positive recently, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Camden Property Trust earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 47.7290210843964 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
Several equities research analysts have recently issued reports on CPT shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $92.00 price objective on shares of Camden Property Trust in a research report on Monday. BMO Capital Markets set a $94.00 price target on shares of Camden Property Trust and gave the stock a “buy” rating in a research note on Monday. Mizuho set a $81.00 price objective on shares of Camden Property Trust and gave the company a “hold” rating in a research note on Friday. Sandler O’Neill set a $97.00 price objective on shares of Camden Property Trust and gave the company a “buy” rating in a research note on Tuesday, February 6th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $94.00 price target on shares of Camden Property Trust in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $91.27.
Camden Property Trust (CPT) traded down $0.17 during midday trading on Tuesday, reaching $81.02. 138,034 shares of the company’s stock were exchanged, compared to its average volume of 592,001. Camden Property Trust has a 12-month low of $78.38 and a 12-month high of $96.39. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.63. The company has a market cap of $7,840.42, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 3.13 and a beta of 0.34.
Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.27). Camden Property Trust had a return on equity of 6.01% and a net margin of 21.80%. The firm had revenue of $229.80 million during the quarter, compared to analyst estimates of $228.99 million. During the same period last year, the business earned $1.15 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. research analysts predict that Camden Property Trust will post 4.76 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Friday, March 30th will be given a dividend of $0.77 per share. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.08 annualized dividend and a dividend yield of 3.80%. Camden Property Trust’s dividend payout ratio (DPR) is 142.86%.
In other Camden Property Trust news, Director Kelvin R. Westbrook sold 425 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were 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 in the company, valued at $1,810,576.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Richard J. Campo sold 379 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $94.44, for a total transaction of $35,792.76. Following the completion of the transaction, the chairman now owns 338,519 shares of the company’s stock, valued at $31,969,734.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 126,297 shares of company stock valued at $11,635,108. Corporate insiders own 4.70% of the company’s stock.
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About Camden Property Trust
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.
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