Candriam Luxembourg S.C.A. trimmed its holdings in shares of Camden Property Trust (NYSE:CPT) by 12.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,017 shares of the real estate investment trust’s stock after selling 1,093 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Camden Property Trust were worth $738,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Penserra Capital Management LLC purchased a new position in shares of Camden Property Trust during the 3rd quarter worth approximately $110,000. Victory Capital Management Inc. increased its stake in shares of Camden Property Trust by 285.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,386 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 1,026 shares in the last quarter. Bbva Compass Bancshares Inc. purchased a new position in shares of Camden Property Trust during the 3rd quarter worth approximately $234,000. Creative Planning purchased a new stake in Camden Property Trust in the 4th quarter worth approximately $308,000. Finally, Timber Hill LLC purchased a new stake in Camden Property Trust in the 3rd quarter worth approximately $322,000. 89.03% of the stock is owned by institutional investors and hedge funds.
In other 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 completion of the sale, the president now directly owns 364,771 shares of the company’s stock, valued at approximately $33,657,420.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kelvin R. Westbrook sold 425 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $88.42, for a total transaction of $37,578.50. Following the sale, the director now directly owns 20,477 shares of the company’s stock, valued at $1,810,576.34. The disclosure for this sale can be found here. Insiders have sold a total of 125,918 shares of company stock valued at $11,599,316 over the last three months. Corporate insiders own 4.70% of the company’s stock.
Several analysts have commented on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $97.00 target price on shares of Camden Property Trust in a research note on Monday, November 27th. Mizuho reaffirmed a “hold” rating and issued a $94.00 target price on shares of Camden Property Trust in a research note on Monday, November 6th. JPMorgan Chase & Co. raised shares of Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 target price for the company in a research note on Friday, December 15th. Robert W. Baird reaffirmed a “hold” rating and issued a $93.00 target price on shares of Camden Property Trust in a research note on Tuesday, January 9th. Finally, Zacks Investment Research cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $91.27.
Shares of Camden Property Trust (NYSE CPT) opened at $81.76 on Friday. Camden Property Trust has a 12 month low of $78.38 and a 12 month high of $96.39. The stock has a market cap of $7,451.96, a price-to-earnings ratio of 17.74, a PEG ratio of 2.77 and a beta of 0.34. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.63.
Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $229.80 million for the quarter, compared to analysts’ expectations of $228.99 million. During the same period in the prior year, the firm earned $1.15 earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. sell-side analysts predict that Camden Property Trust will post 4.74 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Friday, March 30th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Camden Property Trust’s previous quarterly dividend of $0.75. This represents a $3.08 annualized dividend and a dividend yield of 3.77%. Camden Property Trust’s payout ratio is currently 142.86%.
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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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