Thrivent Financial For Lutherans increased its holdings in Camden Property Trust (NYSE:CPT) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 698,971 shares of the real estate investment trust’s stock after acquiring an additional 9,950 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.80% of Camden Property Trust worth $59,769,000 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 acquired a new position in shares of Camden Property Trust in the first quarter worth about $110,000. Eqis Capital Management Inc. acquired a new position in shares of Camden Property Trust in the second quarter worth about $201,000. Laurion Capital Management LP bought a new stake in Camden Property Trust in the first quarter valued at about $201,000. Sawtooth Solutions LLC increased its holdings in Camden Property Trust by 2.7% in the second quarter. Sawtooth Solutions LLC now owns 2,701 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 72 shares during the last quarter. Finally, Stephens Inc. AR bought a new stake in Camden Property Trust in the second quarter valued at about $237,000. Institutional investors and hedge funds own 95.94% of the company’s stock.
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Camden Property Trust (NYSE CPT) traded up 0.48% during trading on Friday, hitting $94.20. The stock had a trading volume of 930,755 shares. The company has a market cap of $8.26 billion, a PE ratio of 21.07 and a beta of 0.38. The stock has a 50-day moving average price of $90.69 and a 200-day moving average price of $85.43. Camden Property Trust has a 52 week low of $75.36 and a 52 week high of $96.39.
Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The firm had revenue of $222.40 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 earnings per share. Equities analysts predict that Camden Property Trust will post $1.71 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, September 28th. Camden Property Trust’s dividend payout ratio is 67.11%.
In other Camden Property Trust news, EVP William W. Sengelmann sold 5,085 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $90.15, for a total transaction of $458,412.75. Following the completion of the transaction, the executive vice president now owns 71,836 shares in the company, valued at $6,476,015.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Alexander J. Jessett sold 11,788 shares of the firm’s stock in a transaction dated 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 owns 56,783 shares of the company’s stock, valued at approximately $5,099,681.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,584 shares of company stock valued at $10,618,035. Corporate insiders own 4.70% of the company’s stock.
Several analysts recently weighed in on the company. KeyCorp boosted their price objective on Camden Property Trust from $93.00 to $98.00 and gave the company an “overweight” rating in a report on Friday. UBS AG reissued a “sell” rating and issued a $86.00 price objective (up from $80.00) on shares of Camden Property Trust in a report on Thursday. BMO Capital Markets reissued a “buy” rating and issued a $95.00 price objective on shares of Camden Property Trust in a report on Friday, September 8th. Royal Bank Of Canada boosted their price objective on Camden Property Trust from $91.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Finally, Deutsche Bank AG boosted their price objective on Camden Property Trust from $84.00 to $85.00 and gave the company a “hold” rating in a report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $91.07.
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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