Camden Property Trust (NYSE:CPT) – Stock analysts at Mitsubishi UFJ Financial Group boosted their Q1 2020 EPS estimates for shares of Camden Property Trust in a note issued to investors on Tuesday, May 14th. Mitsubishi UFJ Financial Group analyst K. Ford now expects that the real estate investment trust will earn $1.33 per share for the quarter, up from their prior forecast of $1.32. Mitsubishi UFJ Financial Group also issued estimates for Camden Property Trust’s FY2020 earnings at $5.35 EPS.
Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.22. The business had revenue of $248.57 million during the quarter, compared to the consensus estimate of $246.50 million. Camden Property Trust had a return on equity of 4.45% and a net margin of 15.98%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company earned $1.15 EPS.
Several other brokerages have also recently issued reports on CPT. Barclays reiterated a “buy” rating and issued a $108.00 price objective on shares of Camden Property Trust in a research note on Tuesday, April 16th. Zacks Investment Research upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Sandler O’Neill cut Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. KeyCorp lifted their price objective on Camden Property Trust from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Finally, Mizuho upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Wednesday, January 23rd. Seven research analysts have rated the stock with a hold rating, eleven 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 $99.94.
Shares of Camden Property Trust stock opened at $101.20 on Thursday. Camden Property Trust has a 12 month low of $82.60 and a 12 month high of $104.16. The stock has a market cap of $9.75 billion, a P/E ratio of 21.22, a PEG ratio of 3.08 and a beta of 0.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.21 and a quick ratio of 0.21.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group increased its holdings in shares of Camden Property Trust by 71.7% in the fourth quarter. Rehmann Capital Advisory Group now owns 297 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 124 shares during the period. Lavaca Capital LLC acquired a new position in shares of Camden Property Trust in the fourth quarter valued at approximately $27,000. Oregon Public Employees Retirement Fund increased its holdings in shares of Camden Property Trust by 8,705.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 3,169,926 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of Camden Property Trust by 454.9% in the first quarter. Rockefeller Capital Management L.P. now owns 455 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 373 shares during the period. Finally, First Interstate Bank acquired a new position in shares of Camden Property Trust in the fourth quarter valued at approximately $47,000. 91.20% of the stock is currently owned by institutional investors.
Camden Property Trust Company Profile
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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