Capital One Financial comments on Camden Property Trust’s first quarter 2022 results (NYSE: CPT)

Camden Property Trust (NYSE:CPT) – Analysts at Capital One Financial have raised their first-quarter 2022 EPS estimates for shares of Camden Property Trust in a research note released to investors on Tuesday, February 22. Capital One Financial analyst N. Malkin now expects the real estate investment trust to earn $1.50 per share for the quarter, up from its previous forecast of $1.49. Capital One Financial also released estimates for Camden Property Trust Q2 2022 profit at $1.57 EPS, Q3 2022 profit at $1.62 EPS, Q4 2022 profit at $1.77 EPS, FY 2022 earnings at $6.46 EPS, Q1 2023 earnings at $1.72 EPS, Q2 2023 earnings at $1.76 EPS, Q3 2023 earnings at $1.78 EPS, Q4 2023 at $1.89 EPS and FY2023 earnings at $7.15 EPS.

A number of other equity research analysts have also recently weighed in on the stock. Stifel Nicolaus began coverage of Camden Property Trust shares in a research note on Tuesday December 7. They issued a “buy” rating and a price target of $192.00 on the stock. Barclays raised its price target on Camden Property Trust shares from $162.00 to $193.00 in a Tuesday, January 18 report. Zacks Investment Research downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating in a Monday, February 7, report. Truist Financial raised its price target on Camden Property Trust from $155.00 to $179.00 and gave the company a “buy” rating in a Monday, December 6 research report. Ultimately, StockNews.com upgraded shares of Camden Property Trust from a “sell” to a “hold” rating in a Tuesday, February 8 research report. Seven equity research analysts gave the stock a hold rating and twelve gave the company a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $169.00.

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CPT shares opened at $163.42 on Wednesday. The stock has a market capitalization of $16.70 billion, a P/E ratio of 55.97, a P/E/G ratio of 3.09 and a beta of 0.80. The company has a fifty-day moving average price of $166.69 and a two-hundred-day moving average price of $160.21. Camden Property Trust has a one-year minimum of $99.70 and a one-year maximum of $180.37. The company has a debt ratio of 0.74, a current ratio of 2.47 and a quick ratio of 1.62. Camden Property Trust (NYSE:CPT) last released its quarterly results on Wednesday, February 2. The real estate investment trust reported earnings per share of $0.37 for the quarter, missing the Zacks consensus estimate of $1.49 per ($1.12). Camden Property Trust had a return on equity of 7.85% and a net margin of 26.58%. In the same quarter of the previous year, the company achieved EPS of $1.21.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 18. Shareholders of record on Thursday, March 31 will receive a dividend of $0.94. This represents an annualized dividend of $3.76 and a dividend yield of 2.30%. The ex-dividend date is Wednesday, March 30. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.83. Camden Property Trust’s dividend payout ratio (DPR) is 113.70%.

In other news, EVP Laurie Boulanger sold 1,752 shares of Camden Property Trust in a trade on Monday December 13. The stock was sold at an average price of $173.50, for a total value of $303,972.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Also, Vice President Dr. Keith Oden sold 72,267 shares of Camden Property Trust in a trade on Tuesday January 4. The shares were sold at an average price of $176.99, for a total value of $12,790,536.33. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 206,623 shares of the company worth $36,093,050. Insiders of the company own 2.80% of the shares of the company.

A number of hedge funds and other institutional investors have recently changed their positions in CPT. Activest Wealth Management acquired a new position in Camden Property Trust in Q2, valued at around $27,000. Smithfield Trust Co increased its equity stake in Camden Property Trust by 213.3% during Q3. Smithfield Trust Co now owns 188 shares of the real estate investment trust worth $27,000 after buying 128 more shares in the last quarter. Missouri Trust & Investment Co acquired a new equity stake in Camden Property Trust during Q4 valued at $27,000. UMB Bank NA MO acquired a new stake in Camden Property Trust in Q4 worth $28,000. Finally, Ellevest Inc. increased its stake in shares of Camden Property Trust by 361.5% during the fourth quarter. Ellevest Inc. now owns 180 shares of the real estate investment trust worth $32,000 after acquiring an additional 141 shares in the last quarter. 94.75% of the shares are held by institutional investors.

Company Profile Camden Property Trust

Camden Property Trust operates as a real estate investment trust. The company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multi-family apartment communities. He is focused on geographically maintaining a portfolio of apartments located across the United States

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Earnings history and estimates for Camden Property Trust (NYSE:CPT)

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