Zacks: Brokerages Expect Camden Property Trust (NYSE:CPT) to Announce $1.26 Earnings Per Share

Analysts predict that Camden Property Trust (NYSE:CPT) will post earnings of $1.26 per share for the current quarter, according to Zacks. Seven analysts have made estimates for Camden Property Trust’s earnings. The highest EPS estimate is $1.29 and the lowest is $1.25. Camden Property Trust reported earnings per share of $1.09 during the same quarter last year, which suggests a positive year over year growth rate of 15.6%. The company is expected to issue its next quarterly earnings report on Thursday, July 29th.

On average, analysts expect that Camden Property Trust will report full-year earnings of $5.10 per share for the current year, with EPS estimates ranging from $5.02 to $5.21. For the next financial year, analysts expect that the company will post earnings of $5.46 per share, with EPS estimates ranging from $5.19 to $5.60. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Camden Property Trust.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, April 29th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.92). Camden Property Trust had a return on equity of 3.16% and a net margin of 10.71%.

CPT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $125.00 price target on shares of Camden Property Trust in a research note on Wednesday, May 26th. Royal Bank of Canada initiated coverage on shares of Camden Property Trust in a research note on Tuesday, March 30th. They set an “outperform” rating and a $119.00 price target on the stock. Colliers Securities initiated coverage on shares of Camden Property Trust in a research note on Wednesday, April 28th. They set a “buy” rating and a $134.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Camden Property Trust from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, May 26th. Finally, Piper Sandler increased their price objective on shares of Camden Property Trust from $116.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, April 23rd. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $119.86.

In other Camden Property Trust news, EVP Laurie Baker sold 468 shares of the stock in a transaction on Tuesday, May 4th. The shares were sold at an average price of $120.48, for a total transaction of $56,384.64. Following the transaction, the executive vice president now directly owns 48,101 shares in the company, valued at approximately $5,795,208.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William F. Paulsen sold 5,500 shares of the stock in a transaction on Tuesday, March 23rd. The shares were sold at an average price of $108.57, for a total transaction of $597,135.00. Following the transaction, the director now owns 2,463 shares in the company, valued at $267,407.91. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,263 shares of company stock valued at $1,898,976. Company insiders own 2.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arkadios Wealth Advisors boosted its stake in Camden Property Trust by 120.2% during the 1st quarter. Arkadios Wealth Advisors now owns 240 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 131 shares during the last quarter. Whittier Trust Co. bought a new position in Camden Property Trust during the 1st quarter valued at $40,000. Berman Capital Advisors LLC boosted its stake in Camden Property Trust by 647.1% during the 1st quarter. Berman Capital Advisors LLC now owns 381 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 330 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Camden Property Trust by 36.2% during the 1st quarter. Quadrant Capital Group LLC now owns 395 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 105 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Camden Property Trust in the 1st quarter worth about $56,000. Hedge funds and other institutional investors own 93.19% of the company’s stock.

NYSE:CPT traded up $2.21 during trading hours on Thursday, reaching $135.04. 792,914 shares of the company were exchanged, compared to its average volume of 735,963. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.91. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 118.60, a price-to-earnings-growth ratio of 6.17 and a beta of 0.71. Camden Property Trust has a 52-week low of $85.74 and a 52-week high of $135.41. The company’s 50 day moving average is $120.60.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States.

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

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