- Camden Property revised its full-year EPS forecast to $1.83 – $1.93 from the previous $1.74 – $1.98 range. Analysts had estimated $2.07.
- Full-year FFO per share is now expected to be $6.67 – $6.77, up slightly from the previous range of $6.57 – $6.81. The estimate was $6.74.
- Core FFO per share for the full year is anticipated to be $6.74 – $6.84, an adjustment from the earlier range of $6.62 – $6.86. Analysts estimated $6.74.
- Same property NOI change is now forecasted between -0.25% and +1.75%, compared to the previous range of -0.75% to +1.75%.
- For the third quarter, Camden Property expects FFO per share to be $1.63 – $1.67, close to the analyst estimate of $1.67.
- EPS for the third quarter is forecasted at 31c – 35c, below the analyst estimate of 45c.
- Third-quarter Core FFO per share is expected to be $1.66 – $1.70, aligning closely with the estimate of $1.67.
- Second-quarter FFO per share reported at $1.71, compared to $1.67 y/y and meeting the estimate of $1.67.
- The stock has 10 buy ratings, 12 hold ratings, and 2 sell ratings.
A look at Camden Property Trust Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Camden Property Trust, a real estate investment trust operating in the Southwest region of the United States, holds a positive long-term outlook based on the Smartkarma Smart Scores. With a strong Growth score of 5 and solid Dividend and Momentum scores of 4, the company seems well-positioned for growth and stability in the future. Additionally, scoring a respectable 3 in Value, Camden Property Trust shows promise in terms of its investment potential. However, with a lower Resilience score of 2, investors may need to monitor the company’s ability to weather economic downturns.
In summary, Camden Property Trust focuses on multifamily apartment communities and is known for its presence in states like Texas, Florida, and Arizona. The combination of its Growth, Dividend, and Momentum scores hint at a company with robust performance expectations, albeit with slight concerns around Resilience. Investors eyeing long-term prospects may find Camden Property Trust a compelling investment opportunity based on the analysis of its Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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