Favorable Press Coverage Somewhat Unlikely to Affect Camden Property Trust (CPT) Share Price
Headlines about Camden Property Trust (NYSE:CPT) have trended positive recently, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Camden Property Trust earned a coverage optimism score of 0.31 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.2898342381508 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Camden Property Trust (CPT) Given “Hold” Rating at Mizuho (americanbankingnews.com)
- Camden Property Trust (CPT) versus The Competition Head to Head Review (americanbankingnews.com)
- Camden Property Trust : CPT-US: Dividend Analysis : September 29th, 2017 (record date) : By the numbers : October 13, 2017 (finance.yahoo.com)
- Financial Analysis: Camden Property Trust (CPT) vs. Its Peers (americanbankingnews.com)
Shares of Camden Property Trust (CPT) opened at 93.02 on Wednesday. The firm has a 50-day moving average of $92.57 and a 200-day moving average of $87.17. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 20.81 and a beta of 0.41. Camden Property Trust has a 12 month low of $75.36 and a 12 month high of $96.39.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.02. The firm had revenue of $222.40 million for the quarter, compared to analyst estimates of $222.44 million. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.15 EPS. On average, analysts anticipate that Camden Property Trust will post $1.73 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Thursday, September 28th. Camden Property Trust’s payout ratio is 67.11%.
Several research analysts have recently commented on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 target price on shares of Camden Property Trust in a report on Friday, September 8th. Mizuho reissued a “hold” rating and issued a $90.00 price objective on shares of Camden Property Trust in a research note on Sunday. KeyCorp lifted their price objective on shares of Camden Property Trust from $93.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 15th. Robert W. Baird reissued a “neutral” rating and issued a $96.00 price objective (up from $92.00) on shares of Camden Property Trust in a research note on Friday, September 22nd. Finally, UBS AG reissued a “sell” rating and issued a $86.00 price objective (up from $80.00) on shares of Camden Property Trust in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $92.06.
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In other news, EVP William W. Sengelmann sold 763 shares of the 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 transaction, the executive vice president now owns 71,836 shares of the company’s stock, valued at approximately $6,447,999.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Alexander J. Jessett sold 11,788 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.81, for a total transaction of $1,058,680.28. Following the completion of the transaction, the executive vice president now directly owns 56,783 shares in the company, valued at approximately $5,099,681.23. The disclosure for this sale can be found here. Insiders sold a total of 118,584 shares of company stock worth $10,618,035 in the last three months. Insiders own 4.70% 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.
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