Media coverage about Camden Property Trust (NYSE:CPT) has been trending positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Camden Property Trust earned a coverage optimism score of 0.35 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.4149460914096 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Camden Property Trust Named One Of Fortune® Magazine’s “100 Best Workplaces For Women” (thestreet.com)
- Camden Property Trust (CPT) Expected to Announce Quarterly Sales of $225.33 Million (americanbankingnews.com)
- Camden Property Trust Named One of Fortune® Magazine’s “100 Best Workplaces for Women” (finance.yahoo.com)
- Camden Property Trust’s (CPT) Buy Rating Reiterated at KeyCorp (americanbankingnews.com)
- Camden Property Trust (CPT) and Apartment Investment and Management (AIV) Financial Contrast (americanbankingnews.com)
Camden Property Trust (NYSE CPT) traded up 0.48% on Friday, hitting $94.20. The stock had a trading volume of 930,755 shares. Camden Property Trust has a 1-year low of $75.36 and a 1-year high of $96.39. The stock has a 50 day moving average price of $90.69 and a 200 day moving average price of $85.43. The company has a market cap of $8.26 billion, a P/E ratio of 21.07 and a beta of 0.38.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $222.40 million for the quarter, compared to the consensus estimate of $222.44 million. Camden Property Trust had a return on equity of 13.17% and a net margin of 46.10%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.15 EPS. On average, equities research analysts expect that Camden Property Trust will post $1.71 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 29th will be paid a $0.75 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.00 annualized dividend and a dividend yield of 3.18%. Camden Property Trust’s payout ratio is currently 67.11%.
Several equities research analysts recently commented on CPT shares. BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 target price on shares of Camden Property Trust in a research note on Friday, September 8th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $91.00 target price on shares of Camden Property Trust in a research note on Sunday, July 16th. Barclays PLC raised their target price on Camden Property Trust from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 18th. Deutsche Bank AG raised their target price on Camden Property Trust from $84.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, August 18th. Finally, Sandler O’Neill raised Camden Property Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $93.00 to $105.00 in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. Camden Property Trust presently has an average rating of “Hold” and an average price target of $91.07.
In related news, EVP William W. Sengelmann sold 5,085 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $90.15, for a total value of $458,412.75. Following the transaction, the executive vice president now directly owns 71,836 shares of the company’s stock, valued at approximately $6,476,015.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William W. Sengelmann sold 763 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.76, for a total value of $68,486.88. Following the completion of the transaction, the executive vice president now directly owns 71,836 shares in the company, valued at $6,447,999.36. The disclosure for this sale can be found here. Insiders sold a total of 118,584 shares of company stock worth $10,618,035 in the last 90 days. 4.70% of the stock is currently owned by company insiders.
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.
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