Tudor Investment Corp ET AL acquired a new stake in Camden Property Trust (NYSE:CPT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,181 shares of the real estate investment trust’s stock, valued at approximately $2,026,000.
A number of other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Camden Property Trust by 1.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,743 shares of the real estate investment trust’s stock valued at $2,152,000 after buying an additional 446 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Camden Property Trust by 31.8% in the first quarter. Russell Investments Group Ltd. now owns 510,173 shares of the real estate investment trust’s stock valued at $41,047,000 after buying an additional 123,027 shares during the last quarter. Morgan Stanley raised its position in shares of Camden Property Trust by 35.4% in the first quarter. Morgan Stanley now owns 3,501,894 shares of the real estate investment trust’s stock valued at $281,763,000 after buying an additional 915,901 shares during the last quarter. Franklin Resources Inc. bought a new position in Camden Property Trust during the fourth quarter worth $13,846,000. Finally, Norges Bank bought a new position in Camden Property Trust during the fourth quarter worth $50,638,000. 91.61% of the stock is owned by institutional investors and hedge funds.
Shares of Camden Property Trust (NYSE CPT) traded up 1.47% during mid-day trading on Wednesday, reaching $85.43. 216,083 shares of the company’s stock traded hands. The company’s 50-day moving average price is $85.11 and its 200-day moving average price is $82.92. The stock has a market capitalization of $7.49 billion, a PE ratio of 9.53 and a beta of 0.37. Camden Property Trust has a 12-month low of $75.36 and a 12-month high of $90.91.
Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, May 4th. The real estate investment trust reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.01. Camden Property Trust had a return on equity of 13.94% and a net margin of 92.55%. The firm had revenue of $219.50 million during the quarter, compared to analyst estimates of $218.19 million. During the same quarter last year, the business posted $1.20 EPS. The firm’s revenue was up .9% on a year-over-year basis. Analysts anticipate that Camden Property Trust will post $1.83 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Wednesday, June 28th. Camden Property Trust’s dividend payout ratio (DPR) is 33.48%.
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A number of analysts recently commented on CPT shares. Evercore ISI increased their price target on Camden Property Trust from $87.00 to $88.00 and gave the company an “in-line” rating in a research report on Wednesday, April 19th. BTIG Research upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Monday, April 24th. BMO Capital Markets set a $81.00 price target on Camden Property Trust and gave the company a “hold” rating in a research report on Thursday, May 4th. Royal Bank Of Canada reissued a “buy” rating on shares of Camden Property Trust in a research note on Monday, May 15th. Finally, KeyCorp raised Camden Property Trust from a “sector weight” rating to an “overweight” rating and set a $93.00 price target for the company in a research note on Tuesday, June 13th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $88.50.
In other Camden Property Trust news, Director William F. Paulsen sold 2,227 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $87.18, for a total transaction of $194,149.86. Following the completion of the transaction, the director now directly owns 14,284 shares in the company, valued at approximately $1,245,279.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.70% of the stock is owned by company insiders.
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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