Analysts Anticipate Camden Property Trust (NYSE:CPT) Will Announce Quarterly Sales of $328.15 Million

Equities research analysts expect Camden Property Trust (NYSE:CPTGet Rating) to report sales of $328.15 million for the current quarter, Zacks reports. Seven analysts have issued estimates for Camden Property Trust’s earnings, with the highest sales estimate coming in at $351.39 million and the lowest estimate coming in at $320.08 million. Camden Property Trust posted sales of $276.52 million in the same quarter last year, which suggests a positive year-over-year growth rate of 18.7%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Camden Property Trust will report full year sales of $1.32 billion for the current financial year, with estimates ranging from $1.29 billion to $1.39 billion. For the next year, analysts anticipate that the business will post sales of $1.43 billion, with estimates ranging from $1.36 billion to $1.52 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Camden Property Trust.

Camden Property Trust (NYSE:CPTGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($1.07). The company had revenue of $311.36 million for the quarter, compared to analysts’ expectations of $308.90 million. Camden Property Trust had a return on equity of 8.67% and a net margin of 29.75%. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 EPS.

A number of research firms recently weighed in on CPT. Mizuho lowered their price objective on shares of Camden Property Trust from $179.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, February 16th. Piper Sandler decreased their price target on shares of Camden Property Trust from $195.00 to $180.00 in a research report on Wednesday, May 4th. StockNews.com started coverage on shares of Camden Property Trust in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Tuesday, March 22nd. Finally, TheStreet raised shares of Camden Property Trust from a “c+” rating to a “b” rating in a research report on Thursday, February 3rd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $171.50.

Shares of NYSE:CPT traded up $1.77 during mid-day trading on Monday, reaching $145.99. 792,347 shares of the company were exchanged, compared to its average volume of 880,616. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.55 and a quick ratio of 5.55. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of 43.32, a P/E/G ratio of 3.66 and a beta of 0.77. The firm’s 50-day simple moving average is $162.59 and its 200 day simple moving average is $165.24. Camden Property Trust has a 1 year low of $120.13 and a 1 year high of $180.37.

In related news, Director Heather J. Brunner sold 883 shares of Camden Property Trust stock in a transaction on Friday, February 25th. The shares were sold at an average price of $164.75, for a total transaction of $145,474.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Missouri Trust & Investment Co acquired a new position in Camden Property Trust in the fourth quarter valued at $27,000. Lloyd Advisory Services LLC. acquired a new position in Camden Property Trust in the first quarter valued at $25,000. UMB Bank N A MO acquired a new position in Camden Property Trust in the fourth quarter valued at $28,000. Ellevest Inc. boosted its holdings in shares of Camden Property Trust by 361.5% in the fourth quarter. Ellevest Inc. now owns 180 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 141 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Camden Property Trust by 350.0% in the first quarter. Allworth Financial LP now owns 180 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 92.35% of the company’s stock.

About Camden Property Trust (Get Rating)

Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States.

Recommended Stories

Get a free copy of the Zacks research report on Camden Property Trust (CPT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Camden Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.