Media stories about Camden Property Trust (NYSE:CPT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Camden Property Trust earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 47.049982666386 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Royal Bank of Canada Raises Camden Property Trust (CPT) Price Target to $97.00 (americanbankingnews.com)
- Camden Property Trust (CPT) Given New $95.00 Price Target at SunTrust Banks (americanbankingnews.com)
- Camden Property Trust (CPT) Expected to Post Earnings of $1.19 Per Share (americanbankingnews.com)
- Camden Property Trust (CPT) Price Target Raised to $95.00 at Citigroup (americanbankingnews.com)
- DA Davidson Weighs in on Camden Property Trust’s FY2018 Earnings (CPT) (americanbankingnews.com)
Several equities research analysts recently commented on CPT shares. Zacks Investment Research lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Bank of America boosted their price target on shares of Camden Property Trust from $103.00 to $104.00 and gave the stock a “buy” rating in a report on Friday, June 8th. TheStreet raised shares of Camden Property Trust from a “c+” rating to a “b-” rating in a report on Thursday, May 31st. Citigroup boosted their price target on shares of Camden Property Trust from $91.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, August 8th. Finally, Goldman Sachs Group raised shares of Camden Property Trust from a “buy” rating to a “conviction-buy” rating in a report on Thursday, May 31st. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $94.13.
Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.78). Camden Property Trust had a return on equity of 5.79% and a net margin of 21.65%. The business had revenue of $237.10 million for the quarter, compared to analysts’ expectations of $235.47 million. During the same period in the previous year, the company earned $1.15 EPS. Camden Property Trust’s quarterly revenue was up 6.1% compared to the same quarter last year. equities research analysts anticipate that Camden Property Trust will post 4.75 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 17th. Stockholders of record on Friday, June 29th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Thursday, June 28th. Camden Property Trust’s payout ratio is 67.99%.
In related news, COO H Malcolm Stewart sold 11,020 shares of the company’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $90.68, for a total value of $999,293.60. Following the completion of the sale, the chief operating officer now owns 261,535 shares of the company’s stock, valued at $23,715,993.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William F. Paulsen sold 2,190 shares of the company’s stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $90.54, for a total transaction of $198,282.60. Following the completion of the sale, the director now directly owns 14,234 shares of the company’s stock, valued at approximately $1,288,746.36. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.
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 158 properties containing 54,181 apartment homes across the United States.
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