Camden CPT shares rallied 4.9% in the last trading session to close at $111.71. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.6% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.
This real estate investment trust is expected to post quarterly funds from operation (FFO) of $1.68 per share in its upcoming report, which represents a year-over-year change of +0.6%. Revenues are expected to be $388.5 million, up 1.4% from the year-ago quarter.
While FFO and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in FFO estimate revisions and near-term stock price movements.
For Camden, the consensus estimate for FFO per share for the quarter has been revised marginally lower over the last 30 days to the current level. And a negative trend in FFO estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on CPT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Camden is a member of the Zacks REIT and Equity Trust - Residential industry. One other stock in the same industry, Sun Communities SUI, finished the last trading session 5.9% higher at $121.41. SUI has returned -11.7% over the past month.
Sun Communities' consensus estimate for FFO per share for the upcoming report has remained unchanged over the past month at $1.21. Compared to the company's year-ago FFO per share, this represents a change of +1.7%. Sun Communities currently boasts a Zacks Rank of #4 (Sell).
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Camden Property Trust (CPT): Free Stock Analysis Report Sun Communities, Inc. (SUI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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