Camden Property Trust (NYSE:CPT) President D Keith Oden sold 55,682 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $92.27, for a total value of $5,137,778.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Camden Property Trust (NYSE:CPT) traded up $0.20 during trading hours on Monday, hitting $92.36. The company had a trading volume of 438,285 shares, compared to its average volume of 607,880. 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 firm has a market cap of $8,540.94, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. Camden Property Trust has a 1 year low of $78.38 and a 1 year high of $96.39.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.03). The business had revenue of $228.18 million for the quarter, compared to analyst estimates of $226.41 million. Camden Property Trust had a return on equity of 4.71% and a net margin of 16.81%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.13 earnings per share. sell-side analysts expect that Camden Property Trust will post 4.53 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, December 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Thursday, December 14th. Camden Property Trust’s payout ratio is 182.93%.
Several large investors have recently modified their holdings of CPT. Aperio Group LLC increased its position in shares of Camden Property Trust by 6.3% during the 2nd quarter. Aperio Group LLC now owns 16,077 shares of the real estate investment trust’s stock worth $1,375,000 after purchasing an additional 947 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Camden Property Trust by 11.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 809,363 shares of the real estate investment trust’s stock valued at $69,209,000 after acquiring an additional 84,489 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Camden Property Trust by 29.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 7,143 shares of the real estate investment trust’s stock valued at $649,000 after acquiring an additional 1,633 shares during the period. Advisors Asset Management Inc. boosted its holdings in Camden Property Trust by 9.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 23,285 shares of the real estate investment trust’s stock valued at $1,991,000 after acquiring an additional 1,962 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Camden Property Trust by 32.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,470 shares of the real estate investment trust’s stock valued at $5,342,000 after acquiring an additional 15,127 shares during the period. 97.19% of the stock is owned by hedge funds and other institutional investors.
CPT has been the topic of a number of research reports. SunTrust Banks reaffirmed a “hold” rating and issued a $93.00 target price on shares of Camden Property Trust in a research note on Wednesday, October 4th. Mizuho reaffirmed a “hold” rating and issued a $90.00 target price on shares of Camden Property Trust in a research note on Sunday, October 15th. BMO Capital Markets reaffirmed a “buy” rating and issued a $95.00 target price on shares of Camden Property Trust in a research note on Friday, September 8th. Deutsche Bank raised their target price on 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, KeyCorp raised their target price on Camden Property Trust from $93.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, September 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. Camden Property Trust currently has a consensus rating of “Hold” and an average price target of $92.53.
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About Camden Property Trust
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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