Camden Property Trust (NYSE:CPT) Chairman Richard J. Campo sold 379 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $94.44, for a total transaction of $35,792.76. Following the completion of the sale, the chairman now directly owns 338,519 shares in the company, valued at approximately $31,969,734.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Camden Property Trust (NYSE CPT) traded down $1.24 on Friday, reaching $93.08. 685,250 shares of the company’s stock were exchanged, compared to its average volume of 594,255. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $8,510.00, a PE ratio of 21.09, a P/E/G ratio of 3.87 and a beta of 0.42. Camden Property Trust has a twelve month low of $75.36 and a twelve month high of $96.39.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.03). The firm had revenue of $228.18 million for the quarter, compared to the consensus estimate of $226.41 million. Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $1.13 EPS. research analysts forecast that Camden Property Trust will post 4.53 EPS for the current fiscal year.
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CPT has been the topic of several analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $95.00 price objective on shares of Camden Property Trust in a research note on Friday, September 8th. Sandler O’Neill raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $93.00 to $105.00 in a research note on Tuesday, September 5th. Stifel Nicolaus initiated coverage on shares of Camden Property Trust in a research note on Friday, September 1st. They issued a “buy” rating and a $99.00 price objective on the stock. Deutsche Bank AG boosted their price objective on shares of Camden Property Trust from $84.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, August 18th. Finally, Mizuho reissued a “hold” rating and issued a $94.00 price objective on shares of Camden Property Trust in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $92.31.
Hedge funds have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC boosted its position in shares of Camden Property Trust by 6.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 67 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Camden Property Trust during the 3rd quarter worth about $110,000. Perigon Wealth Management LLC boosted its position in shares of Camden Property Trust by 59.3% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock worth $185,000 after purchasing an additional 800 shares in the last quarter. Eqis Capital Management Inc. bought a new position in shares of Camden Property Trust during the 2nd quarter worth about $201,000. Finally, Bbva Compass Bancshares Inc. bought a new position in shares of Camden Property Trust during the 3rd quarter worth about $234,000. 92.41% of the stock is currently owned by institutional investors.
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.
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