Camden Property Trust (NYSE:CPT) – Analysts at KeyCorp reduced their FY2019 EPS estimates for Camden Property Trust in a research report issued to clients and investors on Sunday, December 2nd. KeyCorp analyst A. Wurschmidt now anticipates that the real estate investment trust will post earnings per share of $5.05 for the year, down from their prior forecast of $5.08.
Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, October 25th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.79). Camden Property Trust had a return on equity of 5.94% and a net margin of 21.81%. The business had revenue of $241.77 million during the quarter, compared to analysts’ expectations of $238.79 million.
Camden Property Trust stock opened at $94.36 on Wednesday. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.95 and a beta of 0.36. Camden Property Trust has a 52-week low of $78.19 and a 52-week high of $95.67. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.66.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 17th. Investors of record on Monday, December 17th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.26%. Camden Property Trust’s dividend payout ratio (DPR) is presently 67.99%.
In related news, Director William B. Mcguire sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $92.60, for a total transaction of $202,794.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard J. Campo sold 63,000 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $94.69, for a total value of $5,965,470.00. Following the transaction, the chief executive officer now owns 230,393 shares of the company’s stock, valued at $21,815,913.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,505 shares of company stock valued at $8,947,652. 4.70% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. Nordea Investment Management AB bought a new position in shares of Camden Property Trust during the 3rd quarter valued at approximately $12,259,000. Teachers Advisors LLC grew its stake in shares of Camden Property Trust by 1.4% during the 3rd quarter. Teachers Advisors LLC now owns 859,120 shares of the real estate investment trust’s stock valued at $80,388,000 after acquiring an additional 11,987 shares during the period. Macquarie Group Ltd. grew its stake in shares of Camden Property Trust by 20.1% during the 3rd quarter. Macquarie Group Ltd. now owns 276,659 shares of the real estate investment trust’s stock valued at $25,887,000 after acquiring an additional 46,220 shares during the period. Mackenzie Financial Corp bought a new position in shares of Camden Property Trust during the 3rd quarter valued at approximately $234,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Camden Property Trust during the 3rd quarter valued at approximately $3,537,000. Institutional investors own 93.89% of the company’s stock.
Camden Property Trust Company Profile
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 159 properties containing 54,480 apartment homes across the United States.
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