Revenue Update on Camden Property Trust(NYSE:CPT)

Camden Property Trust(NYSE:CPT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $221.48M. Analysts estimated a revenue of $220.29M. Earnings per share were $0.99. Analysts had estimated an EPS of $1.15.

In a different note, On Jul 19, 2016, Barclays said it Maintains its rating on Camden Property Trust. In the research note, the firm Raises the price-target to $91.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jun 22, 2016, Zelman said it Downgrades its rating on Camden Property Trust. The shares have been rated ‘Sell’ by the firm. On Jun 2, 2016, SunTrust Robinson Humphrey said it Downgrades its rating on Camden Property Trust. The shares have been rated ‘Neutral’ by the firm. On May 13, 2016, Deutsche Bank said it Maintains its rating on Camden Property Trust. In the research note, the firm Lowers the price-target to $84.00 per share. The shares have been rated ‘Hold’ by the firm. On May 9, 2016, Citigroup said it Downgrades its rating on Camden Property Trust. The shares have been rated ‘Hold’ by the firm.

Camden Property Trust (CPT) shares turned negative on Thursdays trading session with the shares closing down -0.88 points or -1.01% at a volume of 5,87,190. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $87.22. The peak price level was also seen at $87.22 while the days lowest was $85.69. Finally the shares closed at $86.11. The 52-week high of the shares is $90.91 while the 52-week low is $67.27. According to the latest information available, the market cap of the company is $7,527 M.

Several Insider Transactions has been reported to the SEC. On Jun 27, 2016, William W. Sengelmann (EVP – Real Estate Investments) sold 2,398 shares at $84.50 per share price.Also, On May 31, 2016, Alexander J. Jessett (EVP – Finance & CFO) sold 11,936 shares at $85.07 per share price.On May 31, 2016, William F Paulsen (director) sold 1,460 shares at $85.10 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Companies properties consist of mid-rise buildings or two and three story buildings in a landscaped setting and provide residents with various amenities common to multifamily rental properties. As of December 31 2014 the Company owned interests in operated or was developing 181 multifamily properties consisting of 63163 apartment homes across the United States. The Company’s properties include Camden Copper Square Camden Montierra Camden Sea Palms Camden Tuscany Camden Belleview Station Camden Denver West Camden Fallsgrove Camden Summerfield Camden Bay Camden Brookwood and Camden Ballantyne among others.

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