Sei Investments Co. decreased its position in Camden Property Trust (NYSE:CPT) by 24.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 251,088 shares of the real estate investment trust’s stock after selling 80,045 shares during the period. Sei Investments Co.’s holdings in Camden Property Trust were worth $23,114,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPT. Penserra Capital Management LLC bought a new position in Camden Property Trust in the 3rd quarter worth about $110,000. Victory Capital Management Inc. grew its position in Camden Property Trust by 285.0% in 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 during the last quarter. Perigon Wealth Management LLC grew its position in Camden Property Trust by 59.3% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock worth $185,000 after purchasing an additional 800 shares during the last quarter. Bbva Compass Bancshares Inc. bought a new position in Camden Property Trust in the 3rd quarter worth about $234,000. Finally, Koch Industries Inc. bought a new position in Camden Property Trust in the 2nd quarter worth about $236,000. Hedge funds and other institutional investors own 93.03% of the company’s stock.
In related news, EVP William W. Sengelmann sold 4,478 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $88.42, for a total transaction of $395,944.76. Following the completion of the sale, the executive vice president now directly owns 66,567 shares of the company’s stock, valued at $5,885,854.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kelvin R. Westbrook sold 425 shares of the stock in a transaction that occurred 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. Over the last three months, insiders have sold 125,918 shares of company stock valued at $11,599,316. Company insiders own 4.70% of the company’s stock.
Shares of Camden Property Trust (NYSE:CPT) opened at $83.36 on Friday. Camden Property Trust has a one year low of $78.38 and a one year high of $96.39. The company has a market cap of $8,093.84, a P/E ratio of 18.40, a P/E/G ratio of 2.87 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 released its earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 EPS for the quarter, missing the 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 business had revenue of $229.80 million for the quarter, compared to analyst estimates of $228.99 million. During the same period in the prior year, the company earned $1.15 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. equities analysts predict that Camden Property Trust will post 4.74 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 30th will be paid a dividend of $0.77 per share. The ex-dividend date is Wednesday, March 28th. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.75. This represents a $3.08 annualized dividend and a yield of 3.69%. Camden Property Trust’s dividend payout ratio is currently 142.86%.
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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.
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