Camden Property Trust (NYSE:CPT) – Investment analysts at SunTrust Banks decreased their Q1 2018 earnings per share (EPS) estimates for shares of Camden Property Trust in a report issued on Tuesday. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will earn $1.15 per share for the quarter, down from their prior forecast of $1.17. SunTrust Banks also issued estimates for Camden Property Trust’s Q3 2018 earnings at $1.23 EPS, FY2018 earnings at $4.76 EPS and FY2019 earnings at $5.01 EPS.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. The company had revenue of $222.40 million during the quarter, compared to analyst estimates of $222.44 million. Camden Property Trust had a return on equity of 13.17% and a net margin of 46.10%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $1.15 earnings per share. COPYRIGHT VIOLATION NOTICE: “Q1 2018 Earnings Estimate for Camden Property Trust (NYSE:CPT) Issued By SunTrust Banks” was posted by Daily Political and is owned by of Daily Political. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.dailypolitical.com/2017/08/10/q1-2018-earnings-estimate-for-camden-property-trust-nysecpt-issued-by-suntrust-banks.html.

Several other brokerages have also commented on CPT. Royal Bank Of Canada upped their target price on Camden Property Trust from $91.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday. BidaskClub upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Barclays PLC upped their target price on Camden Property Trust from $85.00 to $86.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 18th. KeyCorp upgraded Camden Property Trust from a “sector weight” rating to an “overweight” rating and set a $93.00 target price on the stock in a research report on Tuesday, June 13th. They noted that the move was a valuation call. Finally, BMO Capital Markets upgraded Camden Property Trust from a “market perform” rating to an “outperform” rating and upped their target price for the company from $81.00 to $89.00 in a research report on Thursday, May 25th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Camden Property Trust has an average rating of “Hold” and an average target price of $88.38.

Camden Property Trust (NYSE:CPT) traded down 0.725% during trading on Thursday, reaching $89.695. The company had a trading volume of 64,436 shares. The firm has a market capitalization of $7.86 billion, a PE ratio of 20.066 and a beta of 0.37. The firm’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 declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $3.00 annualized dividend and a yield of 3.32%. Camden Property Trust’s payout ratio is currently 67.11%.

In other Camden Property Trust news, EVP Alexander J. Jessett sold 11,788 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.81, for a total value of $1,058,680.28. Following the transaction, the executive vice president now owns 56,783 shares in the company, valued at $5,099,681.23. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William F. Paulsen sold 2,227 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $87.18, for a total value of $194,149.86. Following the completion of the transaction, the director now owns 14,284 shares in the company, valued at approximately $1,245,279.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,811 shares of company stock worth $10,812,185. Corporate insiders own 4.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in CPT. Perigon Wealth Management LLC purchased a new position in shares of Camden Property Trust during the first quarter valued at about $110,000. Assetmark Inc. raised its position in shares of Camden Property Trust by 478.5% in the first quarter. Assetmark Inc. now owns 1,695 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 1,402 shares during the last quarter. Founders Capital Management purchased a new position in shares of Camden Property Trust during the first quarter valued at about $140,000. Mn Services Vermogensbeheer B.V. raised its position in shares of Camden Property Trust by 5.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,333 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 120 shares during the last quarter. Finally, Laurion Capital Management LP purchased a new position in shares of Camden Property Trust during the first quarter valued at about $201,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

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.

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

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