Camden Property Trust (NYSE:CPT) – Investment analysts at SunTrust Banks cut their Q3 2017 EPS estimates for Camden Property Trust in a research report issued on Tuesday. SunTrust Banks analyst M. Lewis now forecasts that the real estate investment trust will post earnings of $1.13 per share for the quarter, down from their prior estimate of $1.15. SunTrust Banks has a “Hold” rating and a $93.00 price objective on the stock. SunTrust Banks also issued estimates for Camden Property Trust’s FY2018 earnings at $4.95 EPS.

A number of other analysts also recently issued reports on CPT. Robert W. Baird restated a “neutral” rating and set a $96.00 price target (up previously from $92.00) on shares of Camden Property Trust in a report on Friday, September 22nd. KeyCorp raised their price target on shares of Camden Property Trust from $93.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, September 15th. UBS AG restated a “sell” rating and set a $86.00 price target (up previously from $80.00) on shares of Camden Property Trust in a report on Thursday, September 14th. BMO Capital Markets restated a “buy” rating and set a $95.00 price target on shares of Camden Property Trust in a report on Friday, September 8th. Finally, Sandler O’Neill upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $93.00 to $105.00 in a report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $92.20.

TRADEMARK VIOLATION WARNING: “Camden Property Trust (CPT) Forecasted to Post Q3 2017 Earnings of $1.13 Per Share” was reported by Marea Informative and is the sole property of of Marea Informative. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at http://www.mareainformativa.com/camden-property-trust-cpt-forecasted-to-post-q3-2017-earnings-of-1-13-per-share/116491/.

Shares of Camden Property Trust (NYSE CPT) opened at 92.25 on Wednesday. Camden Property Trust has a 52 week low of $75.36 and a 52 week high of $96.39. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 20.64 and a beta of 0.41. The firm has a 50 day moving average price of $91.76 and a 200 day moving average price of $86.52.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The firm had revenue of $222.40 million for the quarter, compared to analyst estimates of $222.44 million. Camden Property Trust had a return on equity of 13.17% and a net margin of 46.10%. The business’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $1.15 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 29th will be issued a $0.75 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.00 annualized dividend and a yield of 3.25%. Camden Property Trust’s dividend payout ratio (DPR) is presently 67.11%.

In other Camden Property Trust news, COO H Malcolm Stewart sold 11,174 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.75, for a total value of $1,002,866.50. Following the completion of the transaction, the chief operating officer now owns 253,456 shares of the company’s stock, valued at approximately $22,747,676. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William W. Sengelmann sold 763 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.76, for a total transaction of $68,486.88. Following the completion of the transaction, the executive vice president now directly owns 71,836 shares of the company’s stock, valued at approximately $6,447,999.36. The disclosure for this sale can be found here. Insiders sold a total of 118,584 shares of company stock valued at $10,618,035 in the last quarter. 4.70% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. Oregon Public Employees Retirement Fund boosted its position in Camden Property Trust by 4.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 31,988 shares of the real estate investment trust’s stock valued at $2,735,000 after buying an additional 1,334 shares during the period. Fisher Asset Management LLC boosted its position in Camden Property Trust by 0.6% in the 2nd quarter. Fisher Asset Management LLC now owns 31,204 shares of the real estate investment trust’s stock valued at $2,668,000 after buying an additional 192 shares during the period. Goldman Sachs Group Inc. boosted its position in Camden Property Trust by 9.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 993,562 shares of the real estate investment trust’s stock valued at $79,942,000 after buying an additional 83,759 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Camden Property Trust by 20.3% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 28,377 shares of the real estate investment trust’s stock valued at $2,427,000 after buying an additional 4,788 shares during the period. Finally, Ranger Global Real Estate Advisors LLC purchased a new position in Camden Property Trust in the 1st quarter valued at approximately $3,557,000. 90.58% of the stock is owned by institutional investors.

Camden Property Trust Company Profile

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.

Earnings History and Estimates for Camden Property Trust (NYSE:CPT)

Receive News & Stock Ratings for Camden Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust and related stocks with our FREE daily email newsletter.