Camden Property Trust (CPT) Earns Daily Coverage Optimism Rating of 0.34
News coverage about Camden Property Trust (NYSE:CPT) has trended positive on Friday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Camden Property Trust earned a media sentiment score of 0.34 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.2738058366819 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Apartment rents rising in Harvey’s wake (houstonchronicle.com)
- SunTrust Banks Weighs in on Camden Property Trust’s FY2017 Earnings (CPT) (americanbankingnews.com)
- SunTrust Banks, Inc. Reaffirms “Hold” Rating for Camden Property Trust (CPT) (americanbankingnews.com)
- 7 Experts Share 10 Favorites Among REITs (finance.yahoo.com)
- $225.79 Million in Sales Expected for Camden Property Trust (CPT) This Quarter (americanbankingnews.com)
Shares of Camden Property Trust (NYSE CPT) opened at 92.58 on Friday. The stock’s 50 day moving average is $91.85 and its 200-day moving average is $86.56. Camden Property Trust has a 52-week low of $75.36 and a 52-week high of $96.39. The firm has a market capitalization of $8.12 billion, a P/E ratio of 20.71 and a beta of 0.41.
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 (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The business had revenue of $222.40 million during the quarter, compared to analysts’ expectations of $222.44 million. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The business’s revenue was up .4% on a year-over-year basis. During the same period last year, the firm posted $1.15 earnings per share. On average, equities analysts forecast that Camden Property Trust will post $1.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Thursday, September 28th. Camden Property Trust’s dividend payout ratio (DPR) is presently 67.11%.
A number of research firms recently issued reports on CPT. KeyCorp raised Camden Property Trust from a “sector weight” rating to an “overweight” rating and set a $93.00 price target on the stock in a report on Tuesday, June 13th. They noted that the move was a valuation call. Robert W. Baird reissued a “neutral” rating and set a $96.00 price target (up previously from $92.00) on shares of Camden Property Trust in a report on Friday, September 22nd. BidaskClub raised Camden Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. UBS AG reissued a “sell” rating and set a $86.00 price target (up previously from $80.00) on shares of Camden Property Trust in a report on Thursday, September 14th. Finally, Sandler O’Neill raised Camden Property Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $93.00 to $105.00 in a report on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $92.20.
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In other news, President D Keith Oden sold 86,540 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.43, for a total value of $7,739,272.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alexander J. Jessett sold 11,788 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.81, for a total transaction of $1,058,680.28. Following the completion of the transaction, the executive vice president now owns 56,783 shares of the company’s stock, valued at $5,099,681.23. The disclosure for this sale can be found here. Insiders sold 118,584 shares of company stock valued at $10,618,035 over the last quarter. Insiders own 4.70% of the company’s stock.
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.
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