Camden Property Trust (NYSE:CPT) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $1.14-1.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.24. Camden Property Trust also updated its Q3 2020
After-Hours guidance to 1.14-1.20 EPS.
Several equities analysts have weighed in on the stock. BMO Capital Markets cut shares of Camden Property Trust from an outperform rating to a market perform rating in a research report on Sunday, April 19th. SunTrust Banks lifted their price objective on shares of Camden Property Trust from $95.00 to $102.00 and gave the stock a buy rating in a research report on Tuesday, June 16th. Zacks Investment Research cut shares of Camden Property Trust from a hold rating to a strong sell rating in a research report on Tuesday, July 21st. Cfra lowered their price objective on shares of Camden Property Trust from $127.00 to $103.00 and set a buy rating on the stock in a research report on Friday, May 8th. Finally, Deutsche Bank lowered their price target on shares of Camden Property Trust from $125.00 to $101.00 and set a buy rating on the stock in a report on Thursday, April 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $108.53.
Camden Property Trust stock traded down $2.16 on Friday, reaching $90.81. 2,176,068 shares of the stock were exchanged, compared to its average volume of 538,906. The stock has a market cap of $8.84 billion, a PE ratio of 45.63, a PEG ratio of 4.14 and a beta of 0.78. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.71. Camden Property Trust has a twelve month low of $62.48 and a twelve month high of $120.73. The firm has a fifty day moving average price of $91.43 and a two-hundred day moving average price of $95.27.
Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.98). The firm had revenue of $250.68 million for the quarter, compared to analyst estimates of $250.73 million. Camden Property Trust had a return on equity of 5.39% and a net margin of 19.06%. Equities analysts anticipate that Camden Property Trust will post 4.98 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.83 per share. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Monday, June 29th. This represents a $3.32 dividend on an annualized basis and a yield of 3.66%. Camden Property Trust’s payout ratio is currently 65.87%.
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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