Analysts expect Camden Property Trust (NYSE:CPT) to announce $1.28 earnings per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Camden Property Trust’s earnings, with estimates ranging from $1.27 to $1.29. Camden Property Trust reported earnings of $1.20 per share during the same quarter last year, which would indicate a positive year over year growth rate of 6.7%. The firm is expected to issue its next earnings results on Thursday, October 24th.
On average, analysts expect that Camden Property Trust will report full-year earnings of $5.09 per share for the current year, with EPS estimates ranging from $5.07 to $5.10. For the next fiscal year, analysts forecast that the company will post earnings of $5.35 per share, with EPS estimates ranging from $5.30 to $5.38. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Camden Property Trust.
Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.84). The company had revenue of $255.76 million for the quarter, compared to the consensus estimate of $252.76 million. Camden Property Trust had a net margin of 16.05% and a return on equity of 4.48%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS.
Shares of Camden Property Trust stock traded down $0.44 on Tuesday, hitting $110.57. 351,038 shares of the company traded hands, compared to its average volume of 504,042. The stock has a market capitalization of $10.73 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 3.14 and a beta of 0.43. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.94 and a current ratio of 0.94. Camden Property Trust has a 52 week low of $83.67 and a 52 week high of $111.99. The business has a 50-day simple moving average of $108.62 and a 200 day simple moving average of $104.79.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Friday, September 27th. Camden Property Trust’s dividend payout ratio is presently 67.09%.
In related news, Director William B. Mcguire sold 1,979 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $104.12, for a total value of $206,053.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.40% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Piedmont Investment Advisors Inc. boosted its position in shares of Camden Property Trust by 5.2% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 2,610 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 130 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Camden Property Trust by 44.7% during the 1st quarter. First Trust Advisors LP now owns 37,445 shares of the real estate investment trust’s stock worth $3,801,000 after acquiring an additional 11,574 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Camden Property Trust by 15.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 186,227 shares of the real estate investment trust’s stock worth $18,902,000 after acquiring an additional 25,568 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Camden Property Trust during the 1st quarter worth approximately $290,000. Finally, Pictet Asset Management Ltd. boosted its position in shares of Camden Property Trust by 9.0% during the 1st quarter. Pictet Asset Management Ltd. now owns 49,594 shares of the real estate investment trust’s stock worth $5,034,000 after acquiring an additional 4,100 shares in the last quarter. Institutional investors own 93.40% 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 161 properties containing 55,160 apartment homes across the United States.
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