Gateway Investment Advisers LLC grew its position in Camden Property Trust (NYSE:CPT) by 24.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,789 shares of the real estate investment trust’s stock after purchasing an additional 39,412 shares during the period. Gateway Investment Advisers LLC owned about 0.21% of Camden Property Trust worth $18,301,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. YorkBridge Wealth Partners LLC increased its position in 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 last quarter. Penserra Capital Management LLC acquired a new position in Camden Property Trust in the 3rd quarter worth about $110,000. Perigon Wealth Management LLC increased its position in 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 purchasing an additional 800 shares during the last quarter. Bbva Compass Bancshares Inc. acquired a new position in Camden Property Trust in the 3rd quarter worth about $234,000. Finally, Koch Industries Inc. acquired a new position in Camden Property Trust in the 2nd quarter worth about $236,000. 96.97% of the stock is currently owned by institutional investors.
In related news, EVP William W. Sengelmann sold 4,478 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $88.42, for a total transaction of $395,944.76. Following the completion of the sale, the executive vice president now owns 66,567 shares in the company, valued at approximately $5,885,854.14. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President D Keith Oden sold 55,682 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $92.27, for a total value of $5,137,778.14. Following the sale, the president now owns 364,771 shares of the company’s stock, valued at approximately $33,657,420.17. The disclosure for this sale can be found here. In the last quarter, insiders have sold 126,297 shares of company stock valued at $11,635,108. 4.70% of the stock is currently owned by corporate insiders.
Several research analysts have weighed in on the company. Zacks Investment Research lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Robert W. Baird reaffirmed a “hold” rating and issued a $93.00 target price on shares of Camden Property Trust in a research report on Tuesday, January 9th. JPMorgan Chase & Co. raised Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 target price on the stock in a research report on Friday, December 15th. BMO Capital Markets reaffirmed a “buy” rating and issued a $97.00 target price on shares of Camden Property Trust in a research report on Monday, November 27th. Finally, Mizuho reaffirmed a “hold” rating and issued a $94.00 target price on shares of Camden Property Trust in a research report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $93.67.
Shares of Camden Property Trust (CPT) opened at $85.50 on Thursday. The stock has a market capitalization of $7,924.65, a PE ratio of 52.13, a PEG ratio of 3.31 and a beta of 0.42. Camden Property Trust has a 52 week low of $78.38 and a 52 week high of $96.39. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.94 and a current ratio of 1.94.
Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.03). The company had revenue of $228.18 million for the quarter, compared to the consensus estimate of $226.41 million. Camden Property Trust had a return on equity of 4.71% and a net margin of 16.81%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.13 EPS. research analysts expect that Camden Property Trust will post 4.53 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 17th. Stockholders of record on Friday, December 15th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $3.00 annualized dividend and a dividend yield of 3.51%. Camden Property Trust’s dividend payout ratio (DPR) is presently 182.93%.
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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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