Foster & Motley Inc. acquired a new position in shares of Camden Property Trust (NYSE:CPT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,971 shares of the real estate investment trust’s stock, valued at approximately $1,194,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its holdings in shares of Camden Property Trust by 64.6% in the 4th quarter. State of Alaska Department of Revenue now owns 53,940 shares of the real estate investment trust’s stock valued at $4,964,000 after purchasing an additional 21,170 shares during the period. Westpac Banking Corp grew its stake in shares of Camden Property Trust by 81.2% in the 4th quarter. Westpac Banking Corp now owns 140,637 shares of the real estate investment trust’s stock valued at $12,947,000 after buying an additional 63,010 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Camden Property Trust by 5.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 953,010 shares of the real estate investment trust’s stock valued at $87,735,000 after buying an additional 53,313 shares in the last quarter. Creative Planning bought a new stake in shares of Camden Property Trust in the 4th quarter valued at approximately $308,000. Finally, Gateway Investment Advisers LLC grew its stake in shares of Camden Property Trust by 24.7% in the 4th quarter. Gateway Investment Advisers LLC now owns 198,789 shares of the real estate investment trust’s stock valued at $18,301,000 after buying an additional 39,412 shares in the last quarter. Hedge funds and other institutional investors own 93.03% of the company’s stock.
A number of equities research analysts have issued reports on CPT shares. JPMorgan Chase & Co. raised Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 target price for the company in a research report on Friday, December 15th. Stifel Nicolaus reiterated a “buy” rating and set a $94.00 price target on shares of Camden Property Trust in a report on Monday, February 5th. TheStreet lowered Camden Property Trust from a “b” rating to a “c+” rating in a report on Thursday, January 18th. BMO Capital Markets restated a “buy” rating and issued a $97.00 target price on shares of Camden Property Trust in a research note on Monday, November 27th. Finally, Mizuho restated a “hold” rating and issued a $94.00 target price on shares of Camden Property Trust in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $91.27.
Camden Property Trust (CPT) traded down $0.97 during trading on Wednesday, reaching $80.89. The company had a trading volume of 627,524 shares, compared to its average volume of 607,965. The company has a market capitalization of $7,883.14, a PE ratio of 38.98, a price-to-earnings-growth ratio of 3.15 and a beta of 0.34. Camden Property Trust has a fifty-two week low of $78.38 and a fifty-two week high of $96.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.94 and a current ratio of 2.24.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.27). Camden Property Trust had a net margin of 21.80% and a return on equity of 6.01%. The firm had revenue of $229.80 million during the quarter, compared to the consensus estimate of $228.99 million. During the same quarter in the prior year, the business earned $1.15 EPS. Camden Property Trust’s revenue was up 5.8% on a year-over-year basis. research analysts predict that Camden Property Trust will post 4.76 earnings per share 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 dividend of $0.77 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.08 dividend on an annualized basis and a yield of 3.81%. This is a boost from Camden Property Trust’s previous quarterly dividend of $0.75. Camden Property Trust’s dividend payout ratio (DPR) is 142.86%.
In other news, EVP William W. Sengelmann sold 4,478 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $88.42, for a total transaction of $395,944.76. Following the sale, the executive vice president now owns 66,567 shares of the company’s stock, valued at $5,885,854.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kelvin R. Westbrook sold 425 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $88.42, for a total value of $37,578.50. Following the sale, the director now directly owns 20,477 shares in the company, valued at approximately $1,810,576.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 126,297 shares of company stock worth $11,635,108. Company insiders own 4.70% of the company’s stock.
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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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