Camden Property Trust reports results for the quarter ended June 30 - Earnings Summary

• Camden Property Trust CPT reported quarterly adjusted earnings of 31 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 40 cents. The mean expectation of ten analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 25 cents to 34 cents per share.

• Revenue rose 2.4% to $396.51 million from a year ago; analysts expected $394.36 million.

• Camden Property Trust's reported EPS for the quarter was 74 cents​.

• The company reported quarterly net income of $80.67 million.

• Camden Property Trust shares had fallen by 0.5% this quarter and lost 3.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.7% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 15 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the residential reits peer group is also "buy"

• Wall Street's median 12-month price target for Camden Property Trust is $128.00, about 14.7% above its last closing price of $109.20

This summary was machine generated from LSEG data July 31 at 09:42 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)