Camden Property Trust (CPT) Receiving Positive News Coverage, Report Shows

News articles about Camden Property Trust (NYSE:CPT) have been trending positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of 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 nearest to one being the most favorable. Camden Property Trust earned a daily sentiment score of 0.31 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 45.7316994245285 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.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

Camden Property Trust (CPT) traded up $0.19 during midday trading on Monday, reaching $91.96. 565,729 shares of the company’s stock were exchanged, compared to its average volume of 610,364. The firm has a market capitalization of $8,504.80, a price-to-earnings ratio of 20.39, a PEG ratio of 3.75 and a beta of 0.41. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.64. Camden Property Trust has a one year low of $77.54 and a one year high of $96.39.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.03). The firm had revenue of $228.18 million during the quarter, compared to analysts’ expectations of $226.41 million. Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 EPS. research analysts anticipate that Camden Property Trust will post 4.53 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, December 15th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, December 14th. Camden Property Trust’s payout ratio is 182.93%.

CPT has been the topic of a number of recent research reports. SunTrust Banks restated a “hold” rating and issued a $93.00 price objective on shares of Camden Property Trust in a research note on Wednesday, October 4th. Mizuho restated a “hold” rating and issued a $90.00 price objective on shares of Camden Property Trust in a research note on Sunday, October 15th. BMO Capital Markets restated a “buy” rating and issued a $95.00 price objective on shares of Camden Property Trust in a research note on Friday, September 8th. KeyCorp lifted their price objective on shares of Camden Property Trust from $93.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 15th. Finally, Deutsche Bank lifted their price objective on shares of Camden Property Trust from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. Camden Property Trust presently has a consensus rating of “Hold” and an average target price of $92.53.

In other news, Chairman Richard J. Campo sold 379 shares of Camden Property Trust stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $94.44, for a total value of $35,792.76. Following the sale, the chairman now owns 338,519 shares of the company’s stock, valued at $31,969,734.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.70% of the stock is owned by insiders.

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Camden Property Trust Company Profile

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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