Westwood Holdings Group Inc. lessened its holdings in Camden Property Trust (NYSE:CPT) by 6.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,738 shares of the real estate investment trust’s stock after selling 634 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Camden Property Trust were worth $804,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Cadence Capital Management LLC increased its holdings in Camden Property Trust by 9.7% in the third quarter. Cadence Capital Management LLC now owns 6,310 shares of the real estate investment trust’s stock valued at $577,000 after buying an additional 556 shares during the last quarter. ING Groep NV increased its holdings in Camden Property Trust by 6.2% in the third quarter. ING Groep NV now owns 11,319 shares of the real estate investment trust’s stock valued at $1,035,000 after buying an additional 658 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Camden Property Trust by 5.4% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,482 shares of the real estate investment trust’s stock valued at $1,233,000 after buying an additional 691 shares during the last quarter. Global X Management Co. LLC increased its holdings in Camden Property Trust by 45.3% in the fourth quarter. Global X Management Co. LLC now owns 2,309 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 720 shares during the last quarter. Finally, Advisor Group Inc. increased its holdings in Camden Property Trust by 14.5% in the fourth quarter. Advisor Group Inc. now owns 6,775 shares of the real estate investment trust’s stock valued at $623,000 after buying an additional 859 shares during the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.
CPT stock opened at $83.82 on Wednesday. The stock has a market capitalization of $7,831.19, a PE ratio of 39.91, a price-to-earnings-growth ratio of 2.92 and a beta of 0.41. Camden Property Trust has a twelve month low of $78.19 and a twelve month high of $96.39. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.63.
Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.27). Camden Property Trust had a return on equity of 6.01% and a net margin of 21.80%. The company had revenue of $229.80 million for the quarter, compared to analysts’ expectations of $228.99 million. During the same period in the prior year, the business earned $1.15 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. sell-side analysts forecast that Camden Property Trust will post 4.72 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 30th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.67%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.75. Camden Property Trust’s dividend payout ratio (DPR) is currently 142.86%.
In related news, Director Kelvin R. Westbrook sold 425 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $88.42, for a total transaction of $37,578.50. Following the transaction, the director now owns 20,477 shares of the company’s stock, valued at $1,810,576.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP William W. Sengelmann sold 4,478 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $88.42, for a total value of $395,944.76. Following the transaction, the executive vice president now directly owns 66,567 shares in the company, valued at approximately $5,885,854.14. The disclosure for this sale can be found here. Company insiders own 4.70% of the company’s stock.
Several research firms recently commented on CPT. BTIG Research increased their target price on Camden Property Trust to $93.00 and gave the company a “buy” rating in a report on Thursday, March 15th. Zacks Investment Research raised Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. raised Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 price objective on the stock in a report on Friday, December 15th. TheStreet lowered Camden Property Trust from a “b” rating to a “c+” rating in a report on Thursday, January 18th. Finally, Sandler O’Neill set a $97.00 price objective on Camden Property Trust and gave the stock a “buy” rating in a report on Tuesday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Camden Property Trust has an average rating of “Buy” and a consensus target price of $90.64.
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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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