Camden Property Trust (NYSE:CPT – Get Rating) – Research analysts at KeyCorp issued their Q3 2022 earnings per share (EPS) estimates for Camden Property Trust in a report released on Wednesday, September 28th. KeyCorp analyst A. Wurschmidt forecasts that the real estate investment trust will earn $1.71 per share for the quarter. The consensus estimate for Camden Property Trust's current full-year earnings is $6.62 per share. KeyCorp also issued estimates for Camden Property Trust's Q4 2022 earnings at $1.81 EPS.
Get
Camden Property Trust alerts:
Several other analysts have also issued reports on CPT. Robert W. Baird dropped their price objective on Camden Property Trust from $175.00 to $153.00 and set an "outperform" rating on the stock in a research note on Friday, June 24th. Truist Financial upped their price objective on Camden Property Trust from $149.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, August 18th. The Goldman Sachs Group upped their price objective on Camden Property Trust from $143.00 to $158.00 and gave the company a "neutral" rating in a research note on Tuesday, August 16th. Capital One Financial restated an "overweight" rating on shares of Camden Property Trust in a research note on Thursday, August 18th. Finally, Evercore ISI dropped their price objective on Camden Property Trust from $150.00 to $147.00 and set an "in-line" rating on the stock in a research note on Tuesday, September 27th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $162.77.
Camden Property Trust Stock Performance
CPT opened at $119.45 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.33 and a current ratio of 0.33. The business's 50-day simple moving average is $133.40 and its 200 day simple moving average is $142.68. The firm has a market capitalization of $12.72 billion, a PE ratio of 15.70, a PEG ratio of 3.25 and a beta of 0.78. Camden Property Trust has a 52-week low of $116.77 and a 52-week high of $180.37.
Institutional Investors Weigh In On Camden Property Trust
Large investors have recently added to or reduced their stakes in the stock. Manning & Napier Group LLC grew its position in Camden Property Trust by 1.9% during the first quarter. Manning & Napier Group LLC now owns 50,218 shares of the real estate investment trust's stock worth $8,345,000 after buying an additional 957 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Camden Property Trust by 256.1% in the 1st quarter. Fifth Third Bancorp now owns 19,392 shares of the real estate investment trust's stock valued at $3,223,000 after purchasing an additional 13,947 shares in the last quarter. King Luther Capital Management Corp acquired a new stake in shares of Camden Property Trust in the 1st quarter valued at $542,000. Verdence Capital Advisors LLC boosted its holdings in shares of Camden Property Trust by 10.5% in the 1st quarter. Verdence Capital Advisors LLC now owns 2,228 shares of the real estate investment trust's stock valued at $370,000 after purchasing an additional 211 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Camden Property Trust by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,454 shares of the real estate investment trust's stock valued at $6,225,000 after purchasing an additional 3,571 shares in the last quarter. Institutional investors and hedge funds own 94.08% of the company's stock.
Insider Buying and Selling
In related news, Director Kelvin R. Westbrook sold 1,820 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $130.77, for a total transaction of $238,001.40. Following the sale, the director now owns 24,932 shares of the company's stock, valued at $3,260,357.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by company insiders.
Camden Property Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, September 29th. Camden Property Trust's dividend payout ratio is currently 49.41%.
Camden Property Trust Company Profile
(Get Rating)
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.
Featured Stories
- Get a free copy of the StockNews.com research report on Camden Property Trust (CPT)
- Archer Daniels Midland: Dividend Hero With 49 Years Of Increases
- Will Fully Autonomous Tractors Make Deere the Tesla of Farming?
- Magna International is Your Auto and EV One-Stop Shop Stock
- EV Battery Maker Freyr Set For Major Global Expansion
- MarketBeat: Week in Review 9/26 – 9/30
Receive News & Ratings for Camden Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.
