FY2018 EPS Estimates for Camden Property Trust (CPT) Boosted by Analyst

Camden Property Trust (NYSE:CPT) – Analysts at SunTrust Banks upped their FY2018 earnings per share estimates for shares of Camden Property Trust in a research report issued on Tuesday, May 15th. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will earn $4.73 per share for the year, up from their previous forecast of $4.72. SunTrust Banks has a “Hold” rating and a $89.00 price objective on the stock. SunTrust Banks also issued estimates for Camden Property Trust’s FY2020 earnings at $5.21 EPS and FY2021 earnings at $5.44 EPS.

Several other brokerages have also issued reports on CPT. BMO Capital Markets set a $96.00 target price on shares of Camden Property Trust and gave the company a “buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. TheStreet lowered shares of Camden Property Trust from a “b” rating to a “c+” rating in a research report on Thursday, January 18th. UBS upgraded shares of Camden Property Trust from a “sell” rating to a “neutral” rating and lifted their target price for the company from $78.69 to $84.00 in a research report on Monday, March 19th. Finally, BTIG Research lifted their price target on shares of Camden Property Trust to $93.00 and gave the stock a “buy” rating in a research note on Thursday, March 15th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $90.64.

Shares of Camden Property Trust opened at $83.36 on Friday, MarketBeat reports. Camden Property Trust has a 1 year low of $84.06 and a 1 year high of $84.62. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 2.85 and a beta of 0.35. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.92 and a quick ratio of 0.92.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.72). Camden Property Trust had a net margin of 22.03% and a return on equity of 5.97%. The company had revenue of $230.70 million for the quarter, compared to the consensus estimate of $230.71 million. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year.

Several hedge funds have recently bought and sold shares of the business. Heitman Real Estate Securities LLC increased its stake in shares of Camden Property Trust by 233.8% in the fourth quarter. Heitman Real Estate Securities LLC now owns 591,327 shares of the real estate investment trust’s stock worth $54,438,000 after buying an additional 414,166 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Camden Property Trust by 22.5% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 52,375 shares of the real estate investment trust’s stock worth $4,822,000 after buying an additional 9,625 shares during the period. Deutsche Bank AG increased its stake in shares of Camden Property Trust by 30.1% in the fourth quarter. Deutsche Bank AG now owns 3,721,348 shares of the real estate investment trust’s stock worth $342,582,000 after buying an additional 860,424 shares during the period. Shell Asset Management Co. increased its stake in shares of Camden Property Trust by 46.8% in the fourth quarter. Shell Asset Management Co. now owns 76,513 shares of the real estate investment trust’s stock worth $7,044,000 after buying an additional 24,410 shares during the period. Finally, Elkfork Partners LLC purchased a new position in shares of Camden Property Trust in the fourth quarter worth $979,000. 99.57% of the stock is currently owned by hedge funds and other institutional investors.

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 156 properties containing 53,391 apartment homes across the United States.

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

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