Wall Street brokerages forecast that Camden Property Trust (NYSE:CPT – Get Rating) will post earnings per share (EPS) of $1.61 for the current quarter, Zacks reports. Seven analysts have provided estimates for Camden Property Trust’s earnings, with estimates ranging from $1.57 to $1.65. Camden Property Trust reported earnings per share of $1.28 during the same quarter last year, which would indicate a positive year over year growth rate of 25.8%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Camden Property Trust will report full year earnings of $6.47 per share for the current financial year, with EPS estimates ranging from $6.26 to $6.62. For the next financial year, analysts forecast that the company will report earnings of $7.08 per share, with EPS estimates ranging from $6.73 to $7.53. Zacks’ EPS averages are an average based on a survey of research analysts that cover Camden Property Trust.
Camden Property Trust (NYSE:CPT – Get Rating) last issued its earnings results on Thursday, April 28th. The real estate investment trust reported $0.42 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $311.36 million during the quarter, compared to analyst estimates of $308.90 million. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The business’s revenue was up 16.4% on a year-over-year basis.
In other Camden Property Trust news, Director Heather J. Brunner sold 883 shares of the business’s stock in a transaction on Friday, February 25th. The shares were sold at an average price of $164.75, for a total transaction of $145,474.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Camden Property Trust during the fourth quarter valued at about $409,197,000. Daiwa Securities Group Inc. raised its position in shares of Camden Property Trust by 2,916.8% during the first quarter. Daiwa Securities Group Inc. now owns 1,130,502 shares of the real estate investment trust’s stock valued at $187,889,000 after buying an additional 1,093,029 shares during the last quarter. BlackRock Inc. raised its position in shares of Camden Property Trust by 6.5% during the fourth quarter. BlackRock Inc. now owns 12,700,923 shares of the real estate investment trust’s stock valued at $2,269,400,000 after buying an additional 775,072 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Camden Property Trust by 384.2% during the first quarter. Renaissance Technologies LLC now owns 587,800 shares of the real estate investment trust’s stock valued at $97,692,000 after buying an additional 466,400 shares during the last quarter. Finally, State Street Corp raised its position in Camden Property Trust by 8.3% in the fourth quarter. State Street Corp now owns 5,525,832 shares of the real estate investment trust’s stock worth $991,775,000 after purchasing an additional 421,801 shares in the last quarter. 92.35% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE CPT traded up $1.77 during midday trading on Friday, hitting $145.99. 792,347 shares of the company’s stock were exchanged, compared to its average volume of 880,616. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.55 and a quick ratio of 5.55. The stock’s 50 day moving average price is $162.59 and its 200-day moving average price is $165.24. The firm has a market cap of $15.55 billion, a P/E ratio of 43.32, a PEG ratio of 3.66 and a beta of 0.77. Camden Property Trust has a twelve month low of $120.13 and a twelve month high of $180.37.
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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