Camden Property Trust (CPT) Getting Favorable Press Coverage, Analysis Finds
News articles about Camden Property Trust (NYSE:CPT) have been trending positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded 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 0.35 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.4149460914096 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Stifel Nicolaus Begins Coverage on Camden Property Trust (CPT) (americanbankingnews.com)
- Financial Analysis: Camden Property Trust (CPT) vs. Independence Realty Trust (IRT) (americanbankingnews.com)
- Camden says its apartment units are all OK (chron.com)
- Camden Property Trust Provides Update on Hurricane Harvey (finance.yahoo.com)
- BRIEF-Camden Property Trust provides update on impact from Hurricane Harvey (feeds.reuters.com)
Shares of Camden Property Trust (NYSE CPT) opened at 90.41 on Friday. Camden Property Trust has a 52 week low of $75.36 and a 52 week high of $90.99. The firm has a market cap of $7.93 billion, a PE ratio of 20.23 and a beta of 0.37. The company’s 50-day moving average is $89.12 and its 200-day moving average is $84.73.
Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The firm had revenue of $222.40 million during the quarter, compared to the consensus estimate of $222.44 million. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The firm’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.15 earnings per share. Analysts forecast that Camden Property Trust will post $1.73 EPS for the current fiscal year.
Several research firms have commented on CPT. Stifel Nicolaus began coverage on shares of Camden Property Trust in a report on Friday. They set a “buy” rating and a $99.00 price target for the company. Deutsche Bank AG boosted their price target 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. Royal Bank Of Canada boosted their price target 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. Barclays PLC boosted their price target on shares of Camden Property Trust from $85.00 to $86.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 18th. Finally, BidaskClub upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $88.93.
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In other Camden Property Trust news, EVP William W. Sengelmann sold 5,085 shares of Camden Property Trust 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 filing with the SEC, which is accessible through the SEC website. Also, President D Keith Oden sold 86,540 shares of Camden Property Trust stock in a transaction on Monday, August 7th. The stock was 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 120,811 shares of company stock valued at $10,812,185. 4.70% of the stock is currently owned by corporate insiders.
Camden Property Trust Company Profile
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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