Camden Property Trust (NYSE:CPT) – Equities researchers at SunTrust Banks raised their FY2018 EPS estimates for shares of Camden Property Trust in a note issued to investors on Tuesday, May 15th. SunTrust Banks analyst M. Lewis now forecasts that the real estate investment trust will earn $4.73 per share for the year, up from their prior forecast of $4.72. SunTrust Banks currently has a “Hold” rating and a $89.00 target price on the stock. SunTrust Banks also issued estimates for Camden Property Trust’s FY2020 earnings at $5.21 EPS and FY2021 earnings at $5.44 EPS.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.72). The firm had revenue of $230.70 million for the quarter, compared to analyst estimates of $230.71 million. Camden Property Trust had a return on equity of 5.97% and a net margin of 22.03%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.09 earnings per share.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets set a $94.00 price objective on shares of Camden Property Trust and gave the stock a “buy” rating in a research report on Monday, February 12th. Zacks Investment Research raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Royal Bank of Canada reissued a “buy” rating and issued a $92.00 price target on shares of Camden Property Trust in a report on Monday, February 12th. Mizuho set a $81.00 price target on shares of Camden Property Trust and gave the company a “hold” rating in a report on Friday, February 9th. Finally, Sandler O’Neill set a $97.00 target price on shares of Camden Property Trust and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $90.64.

Camden Property Trust opened at $83.36 on Friday, MarketBeat reports. Camden Property Trust has a 1 year low of $84.06 and a 1 year high of $84.62. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $7.77 billion, a PE ratio of 18.40, a PEG ratio of 2.85 and a beta of 0.35.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in shares of Camden Property Trust by 285.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,386 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 1,026 shares in the last quarter. FDx Advisors Inc. bought a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $202,000. Global X Management Co. LLC raised its position in shares of Camden Property Trust by 45.3% in the fourth quarter. Global X Management Co. LLC now owns 2,309 shares of the real estate investment trust’s stock valued at $213,000 after purchasing an additional 720 shares during the period. Gideon Capital Advisors Inc. bought a new stake in shares of Camden Property Trust in the first quarter valued at approximately $213,000. Finally, Quantbot Technologies LP purchased a new position in Camden Property Trust during the first quarter valued at approximately $216,000. Hedge funds and other institutional investors own 99.57% 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 156 properties containing 53,391 apartment homes across the United States.

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

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