Camden Property Trust (CPT) Earns News Sentiment Rating of 0.29

Headlines about Camden Property Trust (NYSE:CPT) have trended positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Camden Property Trust earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.0951644938922 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

A number of analysts have recently weighed in on the company. BTIG Research raised their target price on Camden Property Trust to $93.00 and gave the company a “buy” rating in a research note on Thursday, March 15th. Zacks Investment Research upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. upgraded Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 target price for the company in a research note on Friday, December 15th. TheStreet lowered Camden Property Trust from a “b” rating to a “c+” rating in a research note on Thursday, January 18th. Finally, Sandler O’Neill set a $97.00 target price on Camden Property Trust and gave the company a “buy” rating in a research note on Tuesday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $90.64.

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Camden Property Trust (NYSE CPT) traded down $0.94 during trading on Friday, reaching $81.09. The company had a trading volume of 467,924 shares, compared to its average volume of 651,897. The company has a market capitalization of $7,694.89, a PE ratio of 38.61, a price-to-earnings-growth ratio of 2.87 and a beta of 0.41. Camden Property Trust has a fifty-two week low of $78.19 and a fifty-two week high of $96.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.24 and a current ratio of 2.24.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.27). The firm had revenue of $229.80 million during the quarter, compared to the consensus estimate of $228.99 million. Camden Property Trust had a net margin of 21.80% and a return on equity of 6.01%. Camden Property Trust’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 EPS. research analysts predict that Camden Property Trust will post 4.72 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 30th will be issued a $0.77 dividend. This is a boost from Camden Property Trust’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.08 annualized dividend and a yield of 3.80%. Camden Property Trust’s dividend payout ratio (DPR) is currently 142.86%.

In other Camden Property Trust news, EVP William W. Sengelmann sold 4,478 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $88.42, for a total transaction of $395,944.76. Following the transaction, the executive vice president now owns 66,567 shares in the company, valued at $5,885,854.14. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kelvin R. Westbrook sold 425 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $88.42, for a total value of $37,578.50. Following the transaction, the director now owns 20,477 shares in the company, valued at approximately $1,810,576.34. The disclosure for this sale can be found here. 4.70% of the stock is owned by company insiders.

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About Camden Property Trust

Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.

Insider Buying and Selling by Quarter for Camden Property Trust (NYSE:CPT)

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