Camden Property Trust (CPT) Shares Sold by Andra AP fonden
Andra AP fonden trimmed its holdings in Camden Property Trust (NYSE:CPT) by 21.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,000 shares of the real estate investment trust’s stock after selling 11,600 shares during the period. Andra AP fonden’s holdings in Camden Property Trust were worth $3,932,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of CPT. Teachers Advisors LLC grew its stake in Camden Property Trust by 39.9% in the first quarter. Teachers Advisors LLC now owns 152,829 shares of the real estate investment trust’s stock valued at $12,297,000 after acquiring an additional 43,573 shares during the period. HighTower Advisors LLC grew its stake in Camden Property Trust by 15.7% in the first quarter. HighTower Advisors LLC now owns 5,929 shares of the real estate investment trust’s stock valued at $481,000 after acquiring an additional 806 shares during the period. Capstone Asset Management Co. grew its stake in Camden Property Trust by 3.3% in the second quarter. Capstone Asset Management Co. now owns 47,847 shares of the real estate investment trust’s stock valued at $4,091,000 after acquiring an additional 1,524 shares during the period. Bank of Montreal Can grew its stake in Camden Property Trust by 15.1% in the second quarter. Bank of Montreal Can now owns 30,833 shares of the real estate investment trust’s stock valued at $2,637,000 after acquiring an additional 4,035 shares during the period. Finally, Gateway Investment Advisers LLC acquired a new position in Camden Property Trust in the second quarter valued at about $4,956,000. 90.45% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on the company. BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 price objective on shares of Camden Property Trust in a research report on Friday, September 8th. Mizuho reaffirmed a “hold” rating and set a $90.00 price objective on shares of Camden Property Trust in a research report on Sunday, October 15th. KeyCorp upped their price objective on Camden Property Trust from $93.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, September 15th. Robert W. Baird reaffirmed a “neutral” rating and set a $96.00 price objective (up from $92.00) on shares of Camden Property Trust in a research report on Friday, September 22nd. Finally, UBS AG reaffirmed a “sell” rating and set a $86.00 price objective (up from $80.00) on shares of Camden Property Trust in a research report on Thursday, September 14th. 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. Camden Property Trust has an average rating of “Hold” and a consensus price target of $92.31.
Shares of Camden Property Trust (NYSE CPT) opened at $94.09 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a market capitalization of $8,681.81, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 3.82 and a beta of 0.42. Camden Property Trust has a 52 week low of $75.36 and a 52 week high of $96.39.
Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.03). The business had revenue of $228.18 million during the quarter, compared to the consensus estimate of $226.41 million. Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. Camden Property Trust’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 EPS. equities research analysts forecast that Camden Property Trust will post 4.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Thursday, September 28th. Camden Property Trust’s payout ratio is 182.93%.
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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