Wall Street brokerages forecast that Camden Property Trust (NYSE:CPT) will announce sales of $225.79 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Camden Property Trust’s earnings. The highest sales estimate is $227.76 million and the lowest is $223.08 million. Camden Property Trust reported sales of $220.24 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.5%. The company is scheduled to report its next quarterly earnings results on Thursday, October 26th.

On average, analysts expect that Camden Property Trust will report full-year sales of $225.79 million for the current financial year, with estimates ranging from $892.01 million to $898.00 million. For the next year, analysts anticipate that the firm will post sales of $933.65 million per share, with estimates ranging from $922.55 million to $945.00 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Camden Property Trust.

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

Several equities analysts have commented on the stock. KeyCorp raised shares of Camden Property Trust from a “sector weight” rating to an “overweight” rating and set a $93.00 price target for the company in a research report on Tuesday, June 13th. They noted that the move was a valuation call. Royal Bank Of Canada raised their price target on shares of Camden Property Trust from $91.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday. BidaskClub raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Evercore ISI raised their price target on shares of Camden Property Trust from $87.00 to $88.00 and gave the company an “in-line” rating in a research report on Wednesday, April 19th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $85.00 price target (up previously from $84.00) on shares of Camden Property Trust in a research report on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $88.38.

Camden Property Trust (NYSE:CPT) opened at 90.35 on Thursday. The firm has a market capitalization of $7.92 billion, a P/E ratio of 20.21 and a beta of 0.37. The stock’s 50 day moving average price is $87.51 and its 200-day moving average price is $83.92. Camden Property Trust has a 12 month low of $75.36 and a 12 month high of $90.83.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a $0.75 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.32%. Camden Property Trust’s payout ratio is 67.11%.

In other news, EVP William W. Sengelmann sold 763 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $89.76, for a total value of $68,486.88. Following the sale, the executive vice president now directly owns 71,836 shares in the company, valued at approximately $6,447,999.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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. Insiders sold a total of 120,811 shares of company stock worth $10,812,185 over the last 90 days. Company insiders own 4.70% of the company’s stock.

A number of large investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Camden Property Trust by 1.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,743 shares of the real estate investment trust’s stock valued at $2,152,000 after buying an additional 446 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Camden Property Trust by 9.2% in the first quarter. Goldman Sachs Group Inc. now owns 993,562 shares of the real estate investment trust’s stock valued at $79,942,000 after buying an additional 83,759 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Camden Property Trust by 0.6% in the second quarter. Fisher Asset Management LLC now owns 31,204 shares of the real estate investment trust’s stock valued at $2,668,000 after buying an additional 192 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Camden Property Trust by 31.8% in the first quarter. Russell Investments Group Ltd. now owns 510,173 shares of the real estate investment trust’s stock valued at $41,047,000 after buying an additional 123,027 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Camden Property Trust by 13.9% in the first quarter. TIAA CREF Investment Management LLC now owns 249,610 shares of the real estate investment trust’s stock valued at $20,084,000 after buying an additional 30,556 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

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

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