Camden Property Trust (NYSE:CPT) issued an update on its third quarter 2020
After-Hours earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.14-1.20 for the period. Camden Property Trust also updated its Q3 guidance to $1.14-1.20 EPS.
Shares of CPT opened at $90.81 on Friday. Camden Property Trust has a 52-week low of $62.48 and a 52-week high of $120.73. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average is $91.43 and its two-hundred day moving average is $95.27. The stock has a market cap of $8.84 billion, a PE ratio of 45.63, a price-to-earnings-growth ratio of 4.14 and a beta of 0.78.
Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.98). Camden Property Trust had a return on equity of 5.39% and a net margin of 19.06%. The business had revenue of $250.68 million for the quarter, compared to analyst estimates of $250.73 million. As a group, research analysts anticipate that Camden Property Trust will post 4.98 earnings per share for the current year.
Several equities research analysts have issued reports on CPT shares. Bank of America raised shares of Camden Property Trust from a neutral rating to a buy rating in a research note on Monday, May 18th. TheStreet lowered Camden Property Trust from a b- rating to a c+ rating in a report on Thursday, May 7th. Cfra reduced their price target on Camden Property Trust from $127.00 to $103.00 and set a buy rating on the stock in a report on Friday, May 8th. Zacks Investment Research lowered Camden Property Trust from a hold rating to a strong sell rating in a report on Tuesday, July 21st. Finally, Citigroup reduced their price target on Camden Property Trust from $115.00 to $80.00 and set a neutral rating on the stock in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $108.53.
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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