Wall Street brokers expect Camden Property Trust (NYSE: CPT – Get a rating) will post earnings per share of $1.61 for the current fiscal quarter, according to Zacks. Seven analysts made estimates for Camden Property Trust’s earnings, with the highest EPS estimate of $1.65 and the lowest estimate of $1.57. Camden Property Trust reported earnings per share of $1.28 in the same quarter last year, which would indicate a positive growth rate of 25.8% year-on-year. The company is expected to announce its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect Camden Property Trust to report annual earnings of $6.50 per share for the current year, with EPS estimates ranging from $6.26 to $6.62. For next year, analysts expect the company to post earnings of $7.12 per share, with EPS estimates ranging from $6.73 to $7.53. Zacks earnings per share averages are an average based on a survey of research firms that track Camden Property Trust.
Camden Estate Trust (NYSE: CPT – Get a rating) last released its quarterly results on Thursday, April 28. The real estate investment trust reported earnings per share of $0.42 for the quarter, missing the consensus estimate of $1.49 per ($1.07). The company posted revenue of $311.36 million for the quarter, compared to $308.90 million expected by analysts. Camden Property Trust had a return on equity of 8.67% and a net margin of 29.75%. The company’s revenue increased by 16.4% compared to the same quarter last year. In the same quarter of the previous year, the company had achieved EPS of $1.24.
Several research analysts have recently weighed in on CPT shares. Goldman Sachs Group cut Camden Property Trust shares from a ‘buy’ rating to a ‘neutral’ rating and lowered its price target for the stock from $172.00 to $158.00 in a rating of search for Tuesday, May 17. StockNews.com began covering Camden Property Trust shares in a research note on Thursday March 31. They have placed a “holding” rating on the stock. TheStreet upgraded shares of Camden Property Trust from a ‘c+’ rating to a ‘b’ rating in a Thursday, February 3 research note. Mizuho lowered its price target on Camden Property Trust shares from $179.00 to $170.00 and set a “neutral” rating on the stock in a Wednesday, February 16 research note. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on Camden Property Trust shares from $200.00 to $190.00 and set a “buy” rating on the stock in a Thursday research note. March 24. Five research analysts gave the stock a hold rating and eleven gave the company a buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $172.43.
A number of hedge funds have recently changed their positions in the business. Walleye Capital LLC bought a new stake in Camden Property Trust in Q1 worth $2,302,000. Toroso Investments LLC increased its equity stake in Camden Property Trust by 35.0% in Q1. Toroso Investments LLC now owns 7,309 shares of the real estate investment trust worth $1,215,000 after purchasing an additional 1,895 shares in the last quarter. Wealthfront Advisers LLC increased its equity stake in Camden Property Trust to 79.7% in Q1. Wealthfront Advisers LLC now owns 20,473 shares of the real estate investment trust worth $3,403,000 after purchasing an additional 9,080 shares in the last quarter. Lido Advisors LLC increased its equity stake in Camden Property Trust by 0.8% in Q1. Lido Advisors LLC now owns 16,781 shares of the real estate investment trust worth $2,789,000 after buying 126 additional shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its equity stake in Camden Property Trust by 695.2% in Q1. Meiji Yasuda Asset Management Co Ltd. now owns 19,714 shares of the real estate investment trust worth $3,276,000 after purchasing an additional 17,235 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company’s shares.
Shares of Action by Camden Property Trust traded at $3.08 on Friday, reaching $144.98. 538,037 shares of the company were traded, against an average volume of 1,153,903. The company has a 50-day simple moving average of $157.53 and a 200-day simple moving average of $163.81. The stock has a market capitalization of $15.44 billion, a PE ratio of 43.02, a PEG ratio of 3.51 and a beta of 0.77. Camden Property Trust has a 1-year low of $124.21 and a 1-year high of $180.37. The company has a debt ratio of 0.86, a quick ratio of 5.55 and a current ratio of 5.55.
About Camden Property Trust (Get a rating)
Camden Property Trust, an S&P 400 company, is a real estate company principally engaged in the ownership, management, development, redevelopment, acquisition and construction of multi-family apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartments across the United States.
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