Parametric Portfolio Associates LLC Purchases 26,459 Shares of Camden Property Trust (CPT)

Parametric Portfolio Associates LLC raised its position in Camden Property Trust (NYSE:CPT) by 25.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,774 shares of the real estate investment trust’s stock after purchasing an additional 26,459 shares during the period. Parametric Portfolio Associates LLC owned about 0.15% of Camden Property Trust worth $11,182,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Advisor Group Inc. lifted its holdings in Camden Property Trust by 28.7% in the 2nd quarter. Advisor Group Inc. now owns 4,818 shares of the real estate investment trust’s stock valued at $412,000 after purchasing an additional 1,073 shares in the last quarter. Timbercreek Asset Management Ltd. lifted its holdings in shares of Camden Property Trust by 14.9% during the 2nd quarter. Timbercreek Asset Management Ltd. now owns 158,572 shares of the real estate investment trust’s stock worth $13,559,000 after acquiring an additional 20,590 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Camden Property Trust by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 14,190,009 shares of the real estate investment trust’s stock worth $1,213,387,000 after acquiring an additional 85,219 shares during the period. Segment Wealth Management LLC lifted its holdings in shares of Camden Property Trust by 23.4% during the 2nd quarter. Segment Wealth Management LLC now owns 4,575 shares of the real estate investment trust’s stock worth $391,000 after acquiring an additional 868 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Camden Property Trust by 2.6% during the 2nd quarter. Northern Trust Corp now owns 1,279,525 shares of the real estate investment trust’s stock worth $109,412,000 after acquiring an additional 32,620 shares during the period. Institutional investors own 90.58% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Parametric Portfolio Associates LLC Purchases 26,459 Shares of Camden Property Trust (CPT)” was originally posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/10/12/parametric-portfolio-associates-llc-purchases-26459-shares-of-camden-property-trust-cpt.html.

In other Camden Property Trust news, EVP Alexander J. Jessett sold 11,788 shares of Camden Property Trust stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.81, for a total value of $1,058,680.28. Following the transaction, the executive vice president now directly owns 56,783 shares of the company’s stock, valued at approximately $5,099,681.23. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President D Keith Oden sold 86,540 shares of Camden Property Trust stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.43, for a total value of $7,739,272.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,584 shares of company stock worth $10,618,035. Company insiders own 4.70% of the company’s stock.

Several research analysts have recently weighed in on the stock. SunTrust Banks, Inc. reiterated a “hold” rating and set a $93.00 price objective on shares of Camden Property Trust in a report on Wednesday, October 4th. Robert W. Baird reiterated a “neutral” rating and set a $96.00 price objective (up from $92.00) on shares of Camden Property Trust in a report on Friday, September 22nd. KeyCorp increased their price objective on shares of Camden Property Trust from $93.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, September 15th. UBS AG reiterated a “sell” rating and set a $86.00 price objective (up from $80.00) on shares of Camden Property Trust in a report on Thursday, September 14th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $95.00 price objective on shares of Camden Property Trust in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $92.20.

Shares of Camden Property Trust (NYSE CPT) opened at 93.39 on Thursday. The firm has a market cap of $8.19 billion, a P/E ratio of 20.89 and a beta of 0.41. Camden Property Trust has a 52-week low of $75.36 and a 52-week high of $96.39. The stock’s 50 day moving average is $92.28 and its 200-day moving average is $86.94.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The company had revenue of $222.40 million for the quarter, compared to the consensus estimate of $222.44 million. Camden Property Trust had a return on equity of 13.17% and a net margin of 46.10%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business posted $1.15 EPS. Equities analysts anticipate that Camden Property Trust will post $1.73 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.21%. The ex-dividend date is Thursday, September 28th. Camden Property Trust’s dividend payout ratio is currently 67.11%.

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.

Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPT).

Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

What are top analysts saying about Camden Property Trust? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Camden Property Trust and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit