Sawyer & Company Inc bought a new position in shares of Camden Property Trust (NYSE:CPT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,210 shares of the real estate investment trust’s stock, valued at approximately $1,584,000.
Other institutional investors have also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC increased its stake in shares of Camden Property Trust by 6.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 67 shares during the period. Penserra Capital Management LLC purchased a new position in shares of Camden Property Trust during the third quarter valued at $110,000. Perigon Wealth Management LLC increased its stake in shares of Camden Property Trust by 59.3% during the second quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 800 shares during the period. Bbva Compass Bancshares Inc. purchased a new position in shares of Camden Property Trust during the third quarter valued at $234,000. Finally, Stephens Inc. AR purchased a new position in shares of Camden Property Trust during the second quarter valued at $237,000. Hedge funds and other institutional investors own 97.20% of the company’s stock.
In other news, Chairman Richard J. Campo sold 379 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $94.44, for a total value of $35,792.76. Following the transaction, the chairman now owns 338,519 shares of the company’s stock, valued at approximately $31,969,734.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Richard J. Campo sold 52,247 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $92.27, for a total value of $4,820,830.69. Following the completion of the transaction, the chairman now directly owns 344,201 shares in the company, valued at approximately $31,759,426.27. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 126,297 shares of company stock valued at $11,635,108. 4.70% of the stock is owned by company insiders.
Shares of Camden Property Trust (CPT) opened at $83.40 on Friday. 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 has a 12-month low of $78.38 and a 12-month high of $96.39. The company has a market capitalization of $8,021.96 and a P/E ratio of 50.85.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.27). The firm had revenue of $229.80 million for the quarter, compared to analysts’ expectations of $228.99 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 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.15 earnings per share. analysts predict that Camden Property Trust will post 4.53 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Friday, March 30th will be issued a $0.77 dividend. This is a boost from Camden Property Trust’s previous quarterly dividend of $0.75. This represents a $3.08 annualized dividend and a yield of 3.69%. The ex-dividend date is Wednesday, March 28th. Camden Property Trust’s dividend payout ratio is presently 182.93%.
CPT has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 target price on the stock in a research note on Friday, December 15th. Mizuho reiterated a “hold” rating and issued a $90.00 target price on shares of Camden Property Trust in a research note on Sunday, October 15th. TheStreet lowered Camden Property Trust from a “b” rating to a “c+” rating in a research note on Thursday, January 18th. SunTrust Banks set a $89.00 price target on Camden Property Trust and gave the stock a “hold” rating in a research note on Monday, January 22nd. Finally, BMO Capital Markets restated a “buy” rating and set a $97.00 price target on shares of Camden Property Trust in a research note on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $93.33.
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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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