Camden Property Trust (NYSE:CPT) – Equities research analysts at SunTrust Banks lifted their Q3 2019 EPS estimates for shares of Camden Property Trust in a report issued on Wednesday, June 12th. SunTrust Banks analyst M. Lewis now forecasts that the real estate investment trust will post earnings per share of $1.27 for the quarter, up from their prior forecast of $1.26. SunTrust Banks currently has a “Buy” rating and a $108.00 target price on the stock. SunTrust Banks also issued estimates for Camden Property Trust’s Q4 2019 earnings at $1.30 EPS, FY2019 earnings at $5.06 EPS, Q2 2020 earnings at $1.35 EPS, Q3 2020 earnings at $1.34 EPS, Q4 2020 earnings at $1.35 EPS and FY2020 earnings at $5.34 EPS.
Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.22. The firm had revenue of $248.57 million during the quarter, compared to analysts’ expectations of $246.50 million. Camden Property Trust had a return on equity of 4.45% and a net margin of 15.98%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 EPS.
A number of other analysts have also recently weighed in on CPT. Barclays reaffirmed a “buy” rating and set a $108.00 price objective on shares of Camden Property Trust in a research report on Tuesday, April 16th. Sandler O’Neill cut Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Finally, KeyCorp increased their price objective on Camden Property Trust from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $100.53.
Shares of NYSE CPT opened at $106.16 on Friday. The stock has a market capitalization of $10.28 billion, a P/E ratio of 22.26, a PEG ratio of 3.20 and a beta of 0.47. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.57. Camden Property Trust has a 52-week low of $83.67 and a 52-week high of $106.92.
In other news, Chairman Richard J. Campo sold 60,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $105.32, for a total transaction of $6,319,200.00. Following the completion of the transaction, the chairman now directly owns 273,948 shares of the company’s stock, valued at approximately $28,852,203.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William F. Paulsen sold 1,979 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $102.19, for a total value of $202,234.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,479 shares of company stock valued at $10,475,434. Company insiders own 3.40% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Rehmann Capital Advisory Group raised its stake in shares of Camden Property Trust by 71.7% during the 4th quarter. Rehmann Capital Advisory Group now owns 297 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 124 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Camden Property Trust by 454.9% during the 1st quarter. Rockefeller Capital Management L.P. now owns 455 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 373 shares in the last quarter. Icon Wealth Partners LLC purchased a new position in shares of Camden Property Trust during the 1st quarter worth approximately $52,000. Penserra Capital Management LLC purchased a new position in shares of Camden Property Trust during the 1st quarter worth approximately $58,000. Finally, Fort L.P. purchased a new position in shares of Camden Property Trust during the 4th quarter worth approximately $93,000. 93.17% of the stock is owned by institutional investors and hedge funds.
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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