Camden Property Trust (NYSE:CPT) – Investment analysts at DA Davidson dropped their Q3 2017 earnings estimates for shares of Camden Property Trust in a report released on Monday. DA Davidson analyst J. Lykins now expects that the real estate investment trust will post earnings of $1.14 per share for the quarter, down from their previous forecast of $1.17. DA Davidson also issued estimates for Camden Property Trust’s FY2017 earnings at $4.53 EPS and FY2018 earnings at $4.75 EPS.

Several other equities research analysts have also weighed in on CPT. UBS AG reiterated a “sell” rating and issued a $86.00 target price (up from $80.00) on shares of Camden Property Trust in a report on Thursday, September 14th. KeyCorp raised their price objective on shares of Camden Property Trust from $93.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, September 15th. Royal Bank Of Canada raised their price objective on shares of Camden Property Trust from $91.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. BMO Capital Markets restated a “buy” rating and set a $95.00 price objective on shares of Camden Property Trust in a report on Friday, September 8th. Finally, Deutsche Bank AG raised their price objective on shares of Camden Property Trust from $84.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. Camden Property Trust has a consensus rating of “Hold” and a consensus price target of $91.07.

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Camden Property Trust (NYSE CPT) opened at 93.67 on Wednesday. The stock’s 50 day moving average is $90.94 and its 200 day moving average is $85.62. The stock has a market capitalization of $8.21 billion, a PE ratio of 20.96 and a beta of 0.38. Camden Property Trust has a 12-month low of $75.36 and a 12-month high of $96.39.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The firm had revenue of $222.40 million for the quarter, compared to analysts’ expectations of $222.44 million. During the same period in the previous year, the company posted $1.15 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 29th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Thursday, September 28th. Camden Property Trust’s dividend payout ratio (DPR) is currently 67.11%.

In related news, EVP William W. Sengelmann sold 5,085 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $90.15, for a total value of $458,412.75. Following the completion of the transaction, the executive vice president now owns 71,836 shares of the company’s stock, valued at $6,476,015.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President D Keith Oden sold 86,540 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $89.43, for a total transaction of $7,739,272.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 118,584 shares of company stock valued at $10,618,035. 4.70% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in CPT. BlackRock Inc. grew its position in Camden Property Trust by 3,883.3% in the first quarter. BlackRock Inc. now owns 10,140,490 shares of the real estate investment trust’s stock valued at $815,902,000 after purchasing an additional 9,885,917 shares in the last quarter. Morgan Stanley grew its position in Camden Property Trust by 35.4% in the first quarter. Morgan Stanley now owns 3,501,894 shares of the real estate investment trust’s stock valued at $281,763,000 after purchasing an additional 915,901 shares in the last quarter. Vanguard Group Inc. grew its position in Camden Property Trust by 2.6% in the first quarter. Vanguard Group Inc. now owns 14,104,790 shares of the real estate investment trust’s stock valued at $1,134,871,000 after purchasing an additional 357,480 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Camden Property Trust by 32.1% in the second quarter. Goldman Sachs Group Inc. now owns 1,312,251 shares of the real estate investment trust’s stock valued at $112,211,000 after purchasing an additional 318,689 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Camden Property Trust by 51.7% in the second quarter. Russell Investments Group Ltd. now owns 774,012 shares of the real estate investment trust’s stock valued at $66,224,000 after purchasing an additional 263,839 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

About Camden Property Trust

Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.

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

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