Camden Property Trust (NYSE:CPT) COO H Malcolm Stewart sold 65,039 shares of Camden Property Trust stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $93.79, for a total value of $6,100,007.81. Following the sale, the chief operating officer now owns 231,256 shares of the company’s stock, valued at approximately $21,689,500.24. The transaction was disclosed in a document filed with the SEC, which is available at this link.

H Malcolm Stewart also recently made the following trade(s):

  • On Tuesday, June 5th, H Malcolm Stewart sold 11,020 shares of Camden Property Trust stock. The stock was sold at an average price of $90.68, for a total value of $999,293.60.

CPT opened at $94.90 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 3.10 and a beta of 0.38. Camden Property Trust has a 12 month low of $78.19 and a 12 month high of $96.39.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.78). The business had revenue of $237.10 million during the quarter, compared to analysts’ expectations of $235.47 million. Camden Property Trust had a net margin of 21.65% and a return on equity of 5.79%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 EPS. sell-side analysts forecast that Camden Property Trust will post 4.75 EPS for the current fiscal year.

Several analysts have commented on the company. Citigroup lifted their price target on Camden Property Trust from $91.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, August 8th. Royal Bank of Canada lifted their price target on Camden Property Trust to $97.00 and gave the company an “outperform” rating in a report on Tuesday, August 14th. SunTrust Banks lifted their price target on Camden Property Trust to $95.00 and gave the company an “average” rating in a report on Tuesday, August 14th. They noted that the move was a valuation call. Zacks Investment Research cut Camden Property Trust from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Finally, TheStreet upgraded Camden Property Trust from a “c+” rating to a “b-” rating in a report on Thursday, May 31st. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $94.79.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPT. Lincluden Management Ltd. lifted its stake in shares of Camden Property Trust by 25.1% in the 1st quarter. Lincluden Management Ltd. now owns 52,115 shares of the real estate investment trust’s stock valued at $4,387,000 after purchasing an additional 10,470 shares in the last quarter. Algebris UK Ltd acquired a new position in shares of Camden Property Trust in the 1st quarter valued at about $3,603,000. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Camden Property Trust by 5.6% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 11,300 shares of the real estate investment trust’s stock valued at $951,000 after purchasing an additional 600 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Camden Property Trust by 55.2% in the 1st quarter. Wells Fargo & Company MN now owns 321,612 shares of the real estate investment trust’s stock valued at $27,072,000 after purchasing an additional 114,341 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Camden Property Trust by 13.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 14,900 shares of the real estate investment trust’s stock valued at $1,254,000 after purchasing an additional 1,800 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 158 properties containing 54,181 apartment homes across the United States.

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