Schroder Investment Management Group lowered its stake in Camden Property Trust (NYSE:CPT) by 1.0% during the second quarter, Holdings Channel reports. The firm owned 48,617 shares of the real estate investment trust’s stock after selling 491 shares during the period. Schroder Investment Management Group owned about 0.06% of Camden Property Trust worth $4,299,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Silvercrest Asset Management Group LLC purchased a new stake in shares of Camden Property Trust during the first quarter valued at about $212,000. AlphaMark Advisors LLC boosted its stake in shares of Camden Property Trust by 0.9% in the second quarter. AlphaMark Advisors LLC now owns 2,850 shares of the real estate investment trust’s stock valued at $252,000 after buying an additional 25 shares during the period. AXA boosted its stake in shares of Camden Property Trust by 2.4% in the first quarter. AXA now owns 3,086 shares of the real estate investment trust’s stock valued at $260,000 after buying an additional 73 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Camden Property Trust by 0.3% in the second quarter. CIBC Asset Management Inc now owns 3,164 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 8 shares during the period. Finally, Telos Capital Management Inc. boosted its stake in shares of Camden Property Trust by 2.7% in the second quarter. Telos Capital Management Inc. now owns 3,248 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 85 shares during the period. 96.55% of the stock is currently owned by institutional investors and hedge funds.
Camden Property Trust (NYSE:CPT) traded up 0.84% during trading on Tuesday, hitting $88.14. The stock had a trading volume of 452,605 shares. Camden Property Trust has a one year low of $67.27 and a one year high of $90.91. The company has a market cap of $7.70 billion, a P/E ratio of 13.61 and a beta of 0.65. The firm has a 50 day moving average of $87.01 and a 200-day moving average of $84.83.
Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $1.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.15. Camden Property Trust had a return on equity of 6.89% and a net margin of 65.37%. The firm had revenue of $221.50 million for the quarter, compared to the consensus estimate of $220.32 million. During the same quarter last year, the business posted $1.12 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. Equities analysts anticipate that Camden Property Trust will post $4.55 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $3.00 dividend on an annualized basis and a yield of 3.43%. Camden Property Trust’s payout ratio is 46.44%.
Several brokerages have recently issued reports on CPT. SunTrust Banks Inc. cut Camden Property Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $87.00 to $84.00 in a report on Thursday, June 2nd. They noted that the move was a valuation call. Zacks Investment Research raised Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Barclays PLC boosted their target price on Camden Property Trust from $91.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, July 19th. Robert W. Baird downgraded Camden Property Trust from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $83.00 to $88.00 in a research report on Wednesday, August 10th. Finally, BTIG Research initiated coverage on Camden Property Trust in a research report on Thursday, August 25th. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. Camden Property Trust currently has a consensus rating of “Hold” and a consensus price target of $87.85.
In related news, COO H Malcolm Stewart sold 11,122 shares of Camden Property Trust stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $89.63, for a total transaction of $996,864.86. Following the transaction, the chief operating officer now owns 252,526 shares in the company, valued at $22,633,905.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Richard J. Campo sold 22,318 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $88.33, for a total value of $1,971,348.94. Following the transaction, the chairman now owns 410,649 shares in the company, valued at approximately $36,272,626.17. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.
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. The Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.
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