SunTrust Banks Comments on Camden Property Trust's FY2017 Earnings (NYSE:CPT)

Paterniano Del Favero
Agosto 12, 2017

Analysts expect next quarter's EPS will be $0.48 with next year's EPS projected to be $1.91. DA Davidson also issued estimates for Camden Property Trust's Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.21 EPS and Q4 2018 earnings at $1.24 EPS.

The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 57.70 for Camden Property Trust (NYSE:CPT). The real estate investment trust reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $222.40 million for the quarter, compared to analysts' expectations of $222.44 million. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The company's revenue was up.4% compared to the same quarter a year ago. During the same quarter in the prior year, the business earned $1.15 earnings per share.

COPYRIGHT VIOLATION WARNING: This news story was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another site, it was stolen and reposted in violation of global copyright & trademark legislation. The legal version of this article can be viewed at https://sportsperspectives.com/2017/08/11/alexander-j-jessett-sells-11788-shares-of-camden-property-trust-nysecpt-stock.html. Insiders sold 120,811 shares of company stock valued at $10,812,185 over the last 90 days. Barclays PLC upped their target price on shares of Camden Property Trust from $85.00 to $86.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 18th. Finally, BidaskClub raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a report on Wednesday, June 14th. The stock of Camden Property Trust (NYSE:CPT) has "Outperform" rating given on Friday, November 6 by RBC Capital Markets. Royal Bank Of Canada reissued a "buy" rating and issued a $91.00 price target on shares of Camden Property Trust in a research report on Sunday, July 16th.

A number of equities research analysts recently commented on the stock. Camden Property Trust presently has a average recommendation of "Hold" and an average price objective of $88.38.

Thrivent Financial For Lutherans reports that it increased its position in Camden Property Trust by 8,020 shares in the quarter ending 06/30/2017. About 11.56 million shares traded. The firm has a market capitalization of $7.87 billion, a PE ratio of 20.09 and a beta of 0.37. The stock of Camden Property Trust (NYSE:CPT) has "Sector Weight" rating given on Friday, December 16 by KeyBanc Capital Markets. The firm has a 50 day moving average price of $87.57 and a 200 day moving average price of $83.96.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. The dividend payment was $0.750 per share for the quarter or $3.00 annualized. This dividend represents a yield of $3.33. The ex-dividend date was set for Wednesday the 28th of June 2017. Camden Property Trust's dividend payout ratio (DPR) is now 67.11%. 69,218 shares of the stock were exchanged. Following the completion of the sale, the director now owns 14,284 shares of the company's stock, valued at approximately $1,245,279.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The shares were sold at an average price of $90.15, for a total value of $458,412.75. Following the transaction, the executive vice president now owns 71,836 shares of the company's stock, valued at approximately $6,476,015.40. The disclosure for this sale can be found here. Sengelmann now owns $6,075,585 of the stock per the Form 4 SEC filing. Institutional investors and hedge funds own 92.20% of the company's stock. Assetmark Inc. increased its position in Camden Property Trust by 478.5% in the first quarter. First Manhattan Co. now owns 51,165 shares of the real estate investment trust's stock worth $4,284,000 after buying an additional 1,000 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Camden Property Trust by 8.3% in the second quarter. State Street Corp now owns 4,488,687 shares of the real estate investment trust's stock valued at $361,144,000 after buying an additional 65,704 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Camden Property Trust by 13.9% in the first quarter. Nuveen Asset Management LLC now owns 1,327,236 shares of the real estate investment trust's stock valued at $106,789,000 after buying an additional 105,014 shares during the period. Amalgamated Bank boosted its position in Camden Property Trust by 24.9% in the second quarter. Russell Investments Group Ltd. now owns 510,173 shares of the real estate investment trust's stock worth $41,047,000 after buying an additional 123,027 shares during the last quarter.

Several other institutional investors have also recently made changes to their positions in the company.

Carret Asset Ltd Company has invested 0.15% in Camden Property Trust (NYSE:CPT).

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