Davis Selected Advisers lifted its holdings in shares of Camden Property Trust (NYSE:CPT) by 0.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 72,169 shares of the real estate investment trust’s stock after acquiring an additional 14 shares during the period. Davis Selected Advisers owned approximately 0.08% of Camden Property Trust worth $6,171,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Perigon Wealth Management LLC bought a new position in shares of Camden Property Trust during the 1st quarter worth about $110,000. Assetmark Inc. lifted its holdings in shares of Camden Property Trust by 478.5% during the 1st quarter. Assetmark Inc. now owns 1,695 shares of the real estate investment trust’s stock worth $136,000 after acquiring an additional 1,402 shares during the period. Founders Capital Management bought a new position in shares of Camden Property Trust during the 1st quarter worth about $140,000. Laurion Capital Management LP bought a new position in shares of Camden Property Trust during the 1st quarter worth about $201,000. Finally, Eqis Capital Management Inc. bought a new position in shares of Camden Property Trust during the 2nd quarter worth about $201,000. 95.94% of the stock is owned by institutional investors.
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Several equities analysts recently issued reports on CPT shares. UBS AG reissued a “sell” rating and set a $86.00 price target (up from $80.00) on shares of Camden Property Trust in a report on Thursday. BMO Capital Markets reissued a “buy” rating and set a $95.00 price target on shares of Camden Property Trust in a report on Friday, September 8th. Sandler O’Neill raised shares of 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. Stifel Nicolaus began coverage on shares of Camden Property Trust in a research note on Friday, September 1st. They issued a “buy” rating and a $99.00 target price for the company. Finally, Deutsche Bank AG boosted their target price on shares of Camden Property Trust from $84.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, August 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $90.73.
In other Camden Property Trust news, EVP Alexander J. Jessett sold 11,788 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.81, for a total transaction of $1,058,680.28. Following the transaction, the executive vice president now directly owns 56,783 shares in the company, valued at approximately $5,099,681.23. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William W. Sengelmann sold 5,085 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $90.15, for a total value of $458,412.75. Following the transaction, the executive vice president now owns 71,836 shares in the company, valued at $6,476,015.40. The disclosure for this sale can be found here. In the last three months, insiders sold 118,584 shares of company stock valued at $10,618,035. 4.70% of the stock is currently owned by insiders.
Camden Property Trust (NYSE:CPT) traded down 0.11% on Friday, hitting $93.65. 180,084 shares of the stock traded hands. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 20.95 and a beta of 0.38. The stock has a 50-day moving average price of $90.50 and a 200 day moving average price of $85.36. Camden Property Trust has a 1-year low of $75.36 and a 1-year high of $96.39.
Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $222.40 million during the quarter, compared to the consensus estimate of $222.44 million. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 EPS. On average, analysts anticipate that Camden Property Trust will post $1.71 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 29th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.19%. The ex-dividend date is Thursday, September 28th. Camden Property Trust’s payout ratio is currently 67.11%.
Camden Property Trust 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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