Camden Property Trust (CPT) Getting Favorable News Coverage, Report Shows

Media stories about Camden Property Trust (NYSE:CPT) have trended positive on Sunday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Camden Property Trust earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.2883413126674 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

NYSE:CPT traded down $0.14 on Friday, hitting $84.89. The company had a trading volume of 536,197 shares, compared to its average volume of 515,775. The company has a market cap of $7,871.09, a price-to-earnings ratio of 18.74, a PEG ratio of 2.93 and a beta of 0.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.24 and a quick ratio of 2.24. Camden Property Trust has a 52 week low of $78.19 and a 52 week high of $96.39.

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Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.27). The company 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 for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.15 EPS. analysts expect that Camden Property Trust will post 4.73 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 30th will be paid a $0.77 dividend. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.75. The ex-dividend date is Wednesday, March 28th. This represents a $3.08 annualized dividend and a yield of 3.63%. Camden Property Trust’s dividend payout ratio is presently 67.99%.

Several analysts recently issued reports on the stock. BTIG Research increased their price target on shares of Camden Property Trust to $93.00 and gave the stock a “buy” rating in a research report on Thursday, March 15th. Zacks Investment Research upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. TheStreet lowered shares of Camden Property Trust from a “b” rating to a “c+” rating in a research report on Thursday, January 18th. JPMorgan Chase upgraded shares of Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 price target on the stock in a research report on Friday, December 15th. Finally, Sandler O’Neill set a $97.00 price target on shares of Camden Property Trust and gave the stock a “buy” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. Camden Property Trust currently has an average rating of “Hold” and an average price target of $90.64.

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

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