Crossmark Global Holdings Inc. lowered its stake in shares of Camden Property Trust (NYSE:CPT) by 7.9% during the fourth quarter, Holdings Channel reports. The fund owned 9,785 shares of the real estate investment trust’s stock after selling 840 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Camden Property Trust were worth $862,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Lavaca Capital LLC acquired a new stake in shares of Camden Property Trust during the fourth quarter valued at $27,000. First Interstate Bank acquired a new stake in shares of Camden Property Trust during the fourth quarter valued at $47,000. We Are One Seven LLC acquired a new stake in shares of Camden Property Trust during the fourth quarter valued at $62,000. Exane Derivatives acquired a new stake in shares of Camden Property Trust during the fourth quarter valued at $194,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Camden Property Trust by 109.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,424 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 1,268 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on the company. Zacks Investment Research lowered Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 price objective on shares of Camden Property Trust in a research note on Thursday, January 31st. Barclays raised Camden Property Trust from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $87.00 to $106.00 in a research note on Monday, February 4th. Citigroup increased their price objective on Camden Property Trust from $95.00 to $96.00 and gave the company a “hold” rating in a research note on Tuesday, October 30th. Finally, Wells Fargo & Co set a $99.00 price objective on Camden Property Trust and gave the company a “hold” rating in a research note on Tuesday, November 6th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $98.18.
NYSE CPT opened at $99.25 on Tuesday. Camden Property Trust has a twelve month low of $78.19 and a twelve month high of $99.96. The stock has a market cap of $9.21 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 3.13 and a beta of 0.57. The company has a current ratio of 0.33, a quick ratio of 0.20 and a debt-to-equity ratio of 0.69.
Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, January 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.81). Camden Property Trust had a return on equity of 4.56% and a net margin of 16.36%. The business had revenue of $244.92 million for the quarter, compared to analysts’ expectations of $243.35 million. On average, equities analysts anticipate that Camden Property Trust will post 5.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 29th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, March 28th. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.77. This represents a $3.20 annualized dividend and a yield of 3.22%. Camden Property Trust’s dividend payout ratio is 64.57%.
In other news, Director William F. Paulsen sold 2,890 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $97.17, for a total value of $280,821.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard J. Campo sold 63,000 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $94.69, for a total value of $5,965,470.00. Following the completion of the transaction, the chief executive officer now owns 230,393 shares in the company, valued at $21,815,913.17. The disclosure for this sale can be found here. Insiders have sold 106,549 shares of company stock worth $10,039,606 over the last quarter. 3.90% of the stock is currently owned by company insiders.
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Camden Property Trust Company Profile
Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 159 properties containing 54,480 apartment homes across the United States.
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