Camden Property Trust (NYSE:CPT) – Equities research analysts at KeyCorp issued their FY2020 earnings estimates for shares of Camden Property Trust in a report released on Wednesday, July 8th. KeyCorp analyst A. Wurschmidt forecasts that the real estate investment trust will post earnings of $5.00 per share for the year. KeyCorp also issued estimates for Camden Property Trust’s FY2021 earnings at $5.07 EPS.

Several other brokerages have also recently commented on CPT. Stifel Nicolaus boosted their price target on shares of Camden Property Trust from $91.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Zelman & Associates raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 25th. Piper Sandler boosted their price target on shares of Camden Property Trust from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. BMO Capital Markets cut shares of Camden Property Trust from an “outperform” rating to a “market perform” rating in a research report on Sunday, April 19th. Finally, Citigroup cut their price target on shares of Camden Property Trust from $115.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. Camden Property Trust has a consensus rating of “Buy” and a consensus target price of $108.53.

Shares of NYSE:CPT opened at $89.79 on Monday. The company’s 50-day moving average price is $92.82 and its two-hundred day moving average price is $96.64. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.25 and a quick ratio of 0.25. Camden Property Trust has a one year low of $62.48 and a one year high of $120.73. The stock has a market capitalization of $8.70 billion, a PE ratio of 39.91, a price-to-earnings-growth ratio of 3.64 and a beta of 0.78.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.88). Camden Property Trust had a net margin of 21.45% and a return on equity of 6.10%. The company had revenue of $266.00 million during the quarter, compared to the consensus estimate of $265.34 million. During the same period in the prior year, the firm posted $1.22 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $3.32 dividend on an annualized basis and a yield of 3.70%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.80. Camden Property Trust’s dividend payout ratio is 65.87%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Archer Investment Corp acquired a new position in shares of Camden Property Trust during the 4th quarter worth approximately $33,000. CWM Advisors LLC acquired a new position in shares of Camden Property Trust during the 1st quarter worth approximately $44,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Camden Property Trust during the 1st quarter worth approximately $80,000. Ellevest Inc. grew its position in shares of Camden Property Trust by 1,841.7% during the 2nd quarter. Ellevest Inc. now owns 932 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 884 shares in the last quarter. Finally, Clean Yield Group acquired a new position in shares of Camden Property Trust during the 1st quarter worth approximately $93,000. Institutional investors and hedge funds own 91.73% of the company’s stock.

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 and Estimates for Camden Property Trust (NYSE:CPT)

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