Camden Property Trust (CPT) Scheduled to Post Earnings on Thursday

Camden Property Trust (NYSE:CPT) will release its earnings data after the market closes on Thursday, October 31st. Analysts expect Camden Property Trust to post earnings of $1.28 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.84). The company had revenue of $255.76 million for the quarter, compared to analyst estimates of $252.76 million. Camden Property Trust had a return on equity of 4.48% and a net margin of 16.05%. Camden Property Trust’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 earnings per share. On average, analysts expect Camden Property Trust to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

CPT opened at $114.45 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 3.28 and a beta of 0.41. The firm has a 50 day simple moving average of $111.40 and a 200 day simple moving average of $106.15. Camden Property Trust has a fifty-two week low of $83.67 and a fifty-two week high of $115.22.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date was Friday, September 27th. Camden Property Trust’s dividend payout ratio (DPR) is 67.09%.

In other Camden Property Trust news, Director William B. Mcguire sold 1,979 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $104.12, for a total value of $206,053.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.40% of the stock is currently owned by corporate insiders.

CPT has been the subject of a number of recent research reports. Citigroup boosted their price target on shares of Camden Property Trust from $100.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. KeyCorp boosted their price target on shares of Camden Property Trust from $112.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Zelman & Associates raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. boosted their price target on shares of Camden Property Trust from $110.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, DA Davidson downgraded shares of Camden Property Trust from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 23rd. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $107.92.

About Camden Property Trust

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 for Camden Property Trust (NYSE:CPT)

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