Analysts forecast that Camden Property Trust (NYSE:CPT) will post sales of $246.48 million for the current quarter, according to Zacks. Nine analysts have issued estimates for Camden Property Trust’s earnings, with the lowest sales estimate coming in at $243.75 million and the highest estimate coming in at $250.38 million. Camden Property Trust posted sales of $230.68 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.8%. The company is scheduled to report its next quarterly earnings results after the market closes on Thursday, May 2nd.
On average, analysts expect that Camden Property Trust will report full-year sales of $1.01 billion for the current year, with estimates ranging from $996.72 million to $1.03 billion. For the next fiscal year, analysts expect that the business will post sales of $1.05 billion, with estimates ranging from $1.02 billion to $1.08 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Camden Property Trust.
Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, January 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.81). Camden Property Trust had a return on equity of 4.56% and a net margin of 16.36%. The business had revenue of $244.92 million for the quarter, compared to the consensus estimate of $243.35 million.
NYSE:CPT opened at $100.67 on Friday. The firm has a market cap of $9.99 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 3.23 and a beta of 0.54. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.69. Camden Property Trust has a twelve month low of $82.60 and a twelve month high of $103.41.
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, March 28th. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.77. Camden Property Trust’s payout ratio is 67.09%.
In other Camden Property Trust news, Director William F. Paulsen sold 2,890 shares of Camden Property Trust stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $97.17, for a total value of $280,821.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.40% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of CPT. Rehmann Capital Advisory Group grew its stake in Camden Property Trust by 71.7% in the fourth quarter. Rehmann Capital Advisory Group now owns 297 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 124 shares during the last quarter. Lavaca Capital LLC acquired a new stake in Camden Property Trust in the fourth quarter worth about $27,000. Oregon Public Employees Retirement Fund boosted its holdings in Camden Property Trust by 8,705.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 3,169,926 shares in the last quarter. First Interstate Bank acquired a new stake in Camden Property Trust in the fourth quarter worth about $47,000. Finally, We Are One Seven LLC acquired a new stake in Camden Property Trust in the fourth quarter worth about $62,000. Institutional investors own 87.89% 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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