Raymond James Financial Services Advisors Inc. grew its position in Camden Property Trust (NYSE:CPT) by 28.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,700 shares of the real estate investment trust’s stock after buying an additional 1,045 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Camden Property Trust were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of CPT. YorkBridge Wealth Partners LLC grew its stake in shares of Camden Property Trust by 6.1% in 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 in the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Camden Property Trust in the second quarter valued at $201,000. Sawtooth Solutions LLC grew its stake in shares of Camden Property Trust by 2.7% in the second quarter. Sawtooth Solutions LLC now owns 2,701 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 72 shares in the last quarter. Stephens Inc. AR acquired a new stake in shares of Camden Property Trust in the second quarter valued at $237,000. Finally, Visionary Asset Management Inc. acquired a new stake in shares of Camden Property Trust in the second quarter valued at $260,000. 90.45% of the stock is owned by institutional investors and hedge funds.
CPT has been the subject of several analyst reports. Royal Bank Of Canada boosted their target price on Camden Property Trust from $91.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. SunTrust Banks, Inc. reissued a “hold” rating and set a $93.00 target price on shares of Camden Property Trust in a research note on Wednesday, October 4th. KeyCorp boosted their target price on Camden Property Trust from $93.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, September 15th. Sandler O’Neill raised Camden Property Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $105.00 in a research note on Tuesday, September 5th. Finally, Stifel Nicolaus initiated coverage on Camden Property Trust in a research note on Friday, September 1st. They set a “buy” rating and a $99.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $92.31.
In other news, EVP William W. Sengelmann sold 763 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $89.76, for a total value of $68,486.88. Following the completion of the sale, the executive vice president now directly owns 71,836 shares of the company’s stock, valued at approximately $6,447,999.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William B. Mcguire sold 3,234 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $89.77, for a total value of $290,316.18. Following the completion of the sale, the director now directly owns 1,007 shares of the company’s stock, valued at $90,398.39. The disclosure for this sale can be found here. Insiders sold a total of 20,256 shares of company stock valued at $1,820,082 over the last three months. Company insiders own 4.70% of the company’s stock.
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Shares of Camden Property Trust (NYSE CPT) opened at $92.49 on Monday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.64. The firm has a market cap of $8,571.52, a price-to-earnings ratio of 20.55, a PEG ratio of 3.78 and a beta of 0.42.
Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.03). Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The firm had revenue of $228.18 million during the quarter, compared to analysts’ expectations of $226.41 million. During the same period in the previous year, the firm posted $1.13 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. analysts anticipate that Camden Property Trust will post 4.53 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Thursday, September 28th. Camden Property Trust’s payout ratio is currently 182.93%.
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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