Capital One Financial weighs on Camden Property Trust’s first quarter 2024 earnings (NYSE: CPT)



Camden Estate Trust (NYSE: CPTGet a rating) – Capital One Financial analysts released their first quarter 2024 earnings per share (EPS) estimates for Camden Property Trust in a research note published on Wednesday, May 18. Capital One Financial analyst N. Malkin expects the real estate investment trust to earn $1.87 per share for the quarter.

Camden Estate Trust (NYSE: CPTGet a rating) last released its results on Thursday, April 28. The real estate investment trust reported EPS of $0.42 for the quarter, missing the consensus estimate of $1.49 per ($1.07). The company posted revenue of $311.36 million for the quarter, versus analyst estimates of $308.90 million. Camden Property Trust had a net margin of 29.75% and a return on equity of 8.67%. Camden Property Trust’s revenue for the quarter increased by 16.4% compared to the same quarter last year. In the same quarter of the previous year, the company had earned earnings per share of $1.24.

A number of other stock analysts have also recently released reports on the stock. Deutsche Bank Aktiengesellschaft lowered its price target on Camden Property Trust shares from $200.00 to $190.00 and set a “buy” rating for the company in a Thursday, March 24 research note. Mizuho lowered its price target on shares of Camden Property Trust from $179.00 to $170.00 and set a “neutral” rating on the stock in a Wednesday, February 16 report. Goldman Sachs Group downgraded shares of Camden Property Trust from a “buy” rating to a “neutral” rating and lowered its price target for the stock from $172.00 to $158.00 in a report from the Tuesday, May 17. Scotiabank lowered its price target on Camden Property Trust shares from $179.00 to $171.00 in a report released Thursday. Finally, Barclays reduced its price target on Camden Property Trust from $193.00 to $174.00 in a Tuesday May 10 research note. Five investment analysts gave the stock a hold rating and twelve gave the company a buy rating. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $170.53.

NYSE: CPT opened at $138.64 on Monday. The stock has a market capitalization of $14.77 billion, a P/E ratio of 41.14, a PEG ratio of 3.51 and a beta of 0.77. Camden Property Trust has a one-year low of $122.26 and a one-year high of $180.37. The company has a fifty-day moving average price of $159.91 and a 200-day moving average price of $164.54. The company has a debt ratio of 0.86, a current ratio of 5.55 and a quick ratio of 5.55.

In other Camden Property Trust news, Director Heather J. Brunner sold 883 shares in a trade on Friday, February 25. The stock was sold at an average price of $164.75, for a total transaction of $145,474.25. The transaction was disclosed in a document filed with the SEC, accessible via this link. Company insiders hold 2.00% of the company’s shares.

Several hedge funds have recently changed their stock holdings. Cohen & Steers Inc. acquired a new stake in Camden Property Trust during the first quarter, valued at approximately $1,220,455,000. Norges Bank bought a new position in shares of Camden Property Trust during the fourth quarter, valued at around $409,197,000. Daiwa Securities Group Inc. increased its stake in shares of Camden Property Trust by 2,916.8% during the first quarter. Daiwa Securities Group Inc. now owns 1,130,502 shares of the real estate investment trust worth $187,889,000 after purchasing an additional 1,093,029 shares in the last quarter. BlackRock Inc. increased its stake in shares of Camden Property Trust by 6.5% during the fourth quarter. BlackRock Inc. now owns 12,700,923 shares of the real estate investment trust worth $2,269,400,000 after purchasing an additional 775,072 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Camden Property Trust by 9.8% during the first quarter. State Street Corp now owns 6,066,515 shares of the real estate investment trust valued at $1,013,817,000 after buying an additional 540,683 shares in the last quarter. Institutional investors hold 92.35% of the company’s shares.

Company Profile Camden Property Trust (Get a rating)

Camden Property Trust, an S&P 400 company, is a real estate company principally engaged in the ownership, management, development, redevelopment, acquisition and construction of multi-family apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartments across the United States.

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



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