Analysts expect Camden Property Trust (NYSE:CPT) to report $246.48 million in sales for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Camden Property Trust’s earnings. The lowest sales estimate is $243.75 million and the highest is $250.38 million. Camden Property Trust posted sales of $230.68 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.8%. The business is expected to report its next earnings results after the market closes on Thursday, May 2nd.

According to Zacks, analysts expect that Camden Property Trust will report full year sales of $1.01 billion for the current year, with estimates ranging from $996.72 million to $1.03 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.05 billion, with estimates ranging from $1.02 billion to $1.08 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Camden Property Trust.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, January 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.81). Camden Property Trust had a net margin of 16.36% and a return on equity of 4.56%. The business had revenue of $244.92 million during the quarter, compared to analyst estimates of $243.35 million.

CPT has been the subject of a number of recent analyst reports. Janney Montgomery Scott raised Camden Property Trust from a “neutral” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Wednesday, December 19th. Mitsubishi UFJ Financial Group raised Camden Property Trust from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $92.00 to $96.00 in a report on Friday, January 4th. SunTrust Banks raised Camden Property Trust from a “hold” rating to a “buy” rating in a report on Tuesday, January 15th. Mizuho raised Camden Property Trust from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a report on Wednesday, January 23rd. Finally, Zacks Investment Research raised Camden Property Trust from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Camden Property Trust presently has an average rating of “Buy” and a consensus target price of $99.81.

In other Camden Property Trust news, Director William F. Paulsen sold 2,890 shares of Camden Property Trust stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $97.17, for a total value of $280,821.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CPT. Oregon Public Employees Retirement Fund raised its holdings in Camden Property Trust by 8,705.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 3,169,926 shares in the last quarter. Norges Bank bought a new position in shares of Camden Property Trust in the 4th quarter valued at $60,080,000. BlackRock Inc. increased its stake in shares of Camden Property Trust by 3.9% in the 4th quarter. BlackRock Inc. now owns 12,776,516 shares of the real estate investment trust’s stock valued at $1,124,973,000 after purchasing an additional 481,528 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Camden Property Trust by 5,077.4% in the 4th quarter. Bank of Montreal Can now owns 315,511 shares of the real estate investment trust’s stock valued at $27,781,000 after purchasing an additional 309,417 shares during the last quarter. Finally, Strs Ohio increased its stake in shares of Camden Property Trust by 216.5% in the 4th quarter. Strs Ohio now owns 391,146 shares of the real estate investment trust’s stock valued at $34,440,000 after purchasing an additional 267,579 shares during the last quarter. 87.86% of the stock is owned by hedge funds and other institutional investors.

Shares of CPT traded down $0.11 during mid-day trading on Thursday, reaching $102.39. The company’s stock had a trading volume of 364,712 shares, compared to its average volume of 583,199. Camden Property Trust has a 1-year low of $82.60 and a 1-year high of $102.87. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 3.28 and a beta of 0.54. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.69.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This is a boost from Camden Property Trust’s previous quarterly dividend of $0.77. This represents a $3.20 annualized dividend and a yield of 3.13%. Camden Property Trust’s payout ratio is currently 67.09%.

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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