Analysts expect Camden Property Trust (NYSE:CPT) to announce sales of $258.40 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Camden Property Trust’s earnings, with the lowest sales estimate coming in at $254.10 million and the highest estimate coming in at $262.70 million. Camden Property Trust posted sales of $241.77 million in the same quarter last year, which suggests a positive year over year growth rate of 6.9%. The business is scheduled to issue its next quarterly earnings report after the market closes on Thursday, October 31st.
On average, analysts expect that Camden Property Trust will report full year sales of $1.02 billion for the current financial year, with estimates ranging from $1.02 billion to $1.03 billion. For the next year, analysts forecast that the firm will post sales of $1.07 billion, with estimates ranging from $1.05 billion to $1.10 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Camden Property Trust.
Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.84). The business had revenue of $255.76 million during the quarter, compared to analysts’ expectations of $252.76 million. Camden Property Trust had a net margin of 16.05% and a return on equity of 4.48%. Camden Property Trust’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.00 EPS.
In related news, Director William B. Mcguire sold 1,979 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $104.12, for a total transaction of $206,053.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in CPT. Steward Partners Investment Advisory LLC bought a new position in Camden Property Trust during the second quarter valued at about $26,000. HM Payson & Co. bought a new position in Camden Property Trust during the second quarter valued at about $49,000. Machina Capital S.A.S. bought a new position in Camden Property Trust during the second quarter valued at about $62,000. NEXT Financial Group Inc raised its holdings in Camden Property Trust by 15.4% during the second quarter. NEXT Financial Group Inc now owns 898 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 120 shares in the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in Camden Property Trust during the first quarter valued at about $122,000. Institutional investors and hedge funds own 93.40% of the company’s stock.
Shares of CPT traded up $0.22 during mid-day trading on Thursday, reaching $112.76. The company’s stock had a trading volume of 285,609 shares, compared to its average volume of 500,186. The business has a fifty day moving average of $109.43 and a 200 day moving average of $105.14. The company has a market cap of $10.92 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 3.20 and a beta of 0.41. Camden Property Trust has a 1 year low of $83.67 and a 1 year high of $113.59. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.67.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a dividend of $0.80 per share. The ex-dividend date is Friday, September 27th. This represents a $3.20 annualized dividend and a dividend yield of 2.84%. Camden Property Trust’s dividend payout ratio is 67.09%.
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 161 properties containing 55,160 apartment homes across the United States.
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