OxFORD Asset Management LLP Lowers Position in Camden Property Trust (CPT)

OxFORD Asset Management LLP trimmed its position in Camden Property Trust (NYSE:CPT) by 85.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,672 shares of the real estate investment trust’s stock after selling 15,645 shares during the quarter. OxFORD Asset Management LLP’s holdings in Camden Property Trust were worth $244,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CPT. YorkBridge Wealth Partners LLC boosted its holdings in Camden Property Trust by 6.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 67 shares during the last quarter. Penserra Capital Management LLC bought a new position in Camden Property Trust during the third quarter worth about $110,000. Perigon Wealth Management LLC boosted its holdings in Camden Property Trust by 59.3% during the second quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 800 shares during the last quarter. Sawtooth Solutions LLC boosted its holdings in Camden Property Trust by 2.7% during the second quarter. Sawtooth Solutions LLC now owns 2,701 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 72 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. bought a new position in Camden Property Trust during the third quarter worth about $234,000. Hedge funds and other institutional investors own 96.86% of the company’s stock.

In related news, Chairman Richard J. Campo sold 379 shares of Camden Property Trust stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $94.44, for a total value of $35,792.76. Following the sale, the chairman now owns 338,519 shares of the company’s stock, valued at approximately $31,969,734.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President D Keith Oden sold 55,682 shares of Camden Property Trust stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $92.27, for a total value of $5,137,778.14. Following the completion of the sale, the president now directly owns 364,771 shares in the company, valued at approximately $33,657,420.17. The disclosure for this sale can be found here. In the last three months, insiders sold 121,394 shares of company stock worth $11,201,585. 4.70% of the stock is owned by insiders.

A number of equities analysts have issued reports on the company. Robert W. Baird restated a “neutral” rating and set a $96.00 target price (up previously from $92.00) on shares of Camden Property Trust in a report on Friday, September 22nd. Sandler O’Neill upgraded Camden Property Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $93.00 to $105.00 in a report on Tuesday, September 5th. UBS Group restated a “sell” rating and set a $86.00 target price (up previously from $80.00) on shares of Camden Property Trust in a report on Thursday, September 14th. BMO Capital Markets reiterated a “buy” rating and set a $97.00 price objective on shares of Camden Property Trust in a report on Monday, November 27th. Finally, Mizuho reiterated a “hold” rating and set a $94.00 price objective on shares of Camden Property Trust in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $93.00.

Camden Property Trust (NYSE CPT) opened at $92.06 on Friday. Camden Property Trust has a 1-year low of $78.38 and a 1-year high of $96.39. The firm has a market capitalization of $8,531.66, a PE ratio of 20.46, a PEG ratio of 3.76 and a beta of 0.41. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.64.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing the Zacks’ 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 analyst estimates of $226.41 million. During the same period in the prior year, the business posted $1.13 EPS. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. analysts forecast that Camden Property Trust will post 4.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, December 15th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Thursday, December 14th. Camden Property Trust’s dividend payout ratio is presently 182.93%.

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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.

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

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