Sawyer & Company Inc bought a new stake in shares of Camden Property Trust (NYSE:CPT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,210 shares of the real estate investment trust’s stock, valued at approximately $1,584,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC lifted its position in shares of Camden Property Trust by 6.1% in 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 during the period. Penserra Capital Management LLC bought a new position in shares of Camden Property Trust in the 3rd quarter worth about $110,000. Perigon Wealth Management LLC increased its stake in shares of Camden Property Trust by 59.3% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 800 shares in the last quarter. Bbva Compass Bancshares Inc. bought a new position in shares of Camden Property Trust in the 3rd quarter worth about $234,000. Finally, Stephens Inc. AR bought a new position in shares of Camden Property Trust in the 2nd quarter worth about $237,000. 96.86% of the stock is owned by institutional investors and hedge funds.
Shares of Camden Property Trust (CPT) traded down $1.64 during trading hours on Thursday, reaching $86.61. 723,300 shares of the company’s stock traded hands, compared to its average volume of 542,514. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.94 and a quick ratio of 1.94. Camden Property Trust has a twelve month low of $78.38 and a twelve month high of $96.39. The stock has a market capitalization of $8,030.00, a P/E ratio of 52.81, a P/E/G ratio of 3.42 and a beta of 0.42.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.03). Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The firm had revenue of $228.18 million for the quarter, compared to analysts’ expectations of $226.41 million. During the same period in the prior year, the firm earned $1.13 EPS. Camden Property Trust’s revenue for the quarter was up 3.6% compared to the same quarter last year. research analysts expect that Camden Property Trust will post 4.53 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, December 15th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Thursday, December 14th. Camden Property Trust’s dividend payout ratio (DPR) is presently 182.93%.
In other Camden Property Trust news, President D Keith Oden sold 55,682 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $92.27, for a total transaction of $5,137,778.14. Following the transaction, the president now owns 364,771 shares in the company, valued at $33,657,420.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Richard J. Campo sold 379 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $94.44, for a total transaction of $35,792.76. Following the transaction, the chairman now owns 338,519 shares in the company, valued at approximately $31,969,734.36. The disclosure for this sale can be found here. Insiders sold 126,297 shares of company stock worth $11,635,108 in the last three months. Insiders own 4.70% of the company’s stock.
CPT has been the subject of several research reports. JPMorgan Chase & Co. upgraded shares of Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 price target for the company in a research note on Friday, December 15th. SunTrust Banks restated a “hold” rating and set a $93.00 price objective on shares of Camden Property Trust in a research note on Wednesday, October 4th. Mizuho restated a “hold” rating and set a $90.00 price objective on shares of Camden Property Trust in a research note on Sunday, October 15th. KeyCorp raised their price objective on shares of Camden Property Trust from $93.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 15th. Finally, BMO Capital Markets restated a “buy” rating and set a $97.00 price objective on shares of Camden Property Trust in a research note on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $93.67.
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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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