Oppenheimer Asset Management Inc. Raises Position in Camden Property Trust $CPT

Oppenheimer Asset Management Inc. increased its stake in Camden Property Trust (NYSE:CPT) by 10.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,159 shares of the real estate investment trust’s stock after purchasing an additional 1,584 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Camden Property Trust were worth $1,821,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. IFP Advisors Inc increased its position in Camden Property Trust by 45.7% in the second quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 101 shares during the last quarter. Cape Investment Advisory Inc. bought a new position in shares of Camden Property Trust during the 1st quarter worth $37,000. National Pension Service grew its stake in shares of Camden Property Trust by 74.2% during the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 167 shares during the period. Private Trust Co. NA increased its holdings in Camden Property Trust by 117.7% in the 2nd quarter. Private Trust Co. NA now owns 431 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 233 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Camden Property Trust by 47.4% in the 1st quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 158 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CPT. Weiss Ratings reiterated a “hold (c)” rating on shares of Camden Property Trust in a research note on Wednesday, October 8th. Barclays cut their price objective on shares of Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating for the company in a report on Tuesday, September 30th. Wall Street Zen raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Morgan Stanley dropped their target price on Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. Finally, Stifel Nicolaus upgraded Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 price target for the company in a research report on Tuesday, August 26th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $121.61.

Camden Property Trust Trading Up 1.7%

Camden Property Trust stock opened at $99.27 on Friday. The stock has a market cap of $10.61 billion, a P/E ratio of 69.42, a PEG ratio of 3.31 and a beta of 0.80. Camden Property Trust has a fifty-two week low of $97.17 and a fifty-two week high of $127.65. The firm’s fifty day moving average price is $106.24 and its 200-day moving average price is $111.10. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.01. The firm had revenue of $396.51 million for the quarter, compared to analysts’ expectations of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.71 EPS. Equities research analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Tuesday, September 30th. Camden Property Trust’s dividend payout ratio is 293.71%.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.