$1.27 Earnings Per Share Expected for Camden Property Trust (CPT) This Quarter

Equities analysts expect that Camden Property Trust (NYSE:CPT) will post $1.27 earnings per share for the current quarter, Zacks reports. Nine analysts have made estimates for Camden Property Trust’s earnings, with the highest EPS estimate coming in at $1.29 and the lowest estimate coming in at $1.25. Camden Property Trust reported earnings per share of $1.19 in the same quarter last year, which suggests a positive year-over-year growth rate of 6.7%. The business is expected to issue its next quarterly earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Camden Property Trust will report full year earnings of $5.06 per share for the current fiscal year, with EPS estimates ranging from $5.02 to $5.10. For the next year, analysts anticipate that the company will report earnings of $5.28 per share, with EPS estimates ranging from $5.13 to $5.35. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Camden Property Trust.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.22. The business had revenue of $248.57 million during the quarter, compared to the consensus estimate of $246.50 million. Camden Property Trust had a return on equity of 4.45% and a net margin of 15.98%. Camden Property Trust’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 earnings per share.



A number of analysts recently weighed in on the company. Barclays restated a “buy” rating and issued a $108.00 price objective on shares of Camden Property Trust in a report on Tuesday, April 16th. Sandler O’Neill downgraded Camden Property Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th. KeyCorp increased their price target on Camden Property Trust from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Citigroup set a $100.00 price target on Camden Property Trust and gave the stock a “hold” rating in a report on Tuesday, February 5th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $95.00 price target on shares of Camden Property Trust in a report on Thursday, January 31st. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $99.94.

NYSE CPT traded up $0.93 on Friday, reaching $102.94. The company had a trading volume of 394,088 shares, compared to its average volume of 532,047. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 3.10 and a beta of 0.53. Camden Property Trust has a fifty-two week low of $82.60 and a fifty-two week high of $104.16. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.57.

Institutional investors have recently modified their holdings of the business. Rehmann Capital Advisory Group boosted its position 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 purchasing an additional 124 shares in the last quarter. Lavaca Capital LLC bought a new position in shares of Camden Property Trust during the 4th quarter worth about $27,000. Oregon Public Employees Retirement Fund boosted its position in shares of Camden Property Trust by 8,705.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 3,169,926 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position 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 purchasing an additional 373 shares in the last quarter. Finally, First Interstate Bank bought a new position in shares of Camden Property Trust during the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 91.20% of the company’s stock.

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

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