Camden Property Trust (CPT) Position Increased by Liberty Mutual Group Asset Management Inc.
Liberty Mutual Group Asset Management Inc. increased its position in shares of Camden Property Trust (NYSE:CPT) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,516 shares of the real estate investment trust’s stock after buying an additional 872 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Camden Property Trust were worth $3,180,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Assetmark Inc. boosted its stake in shares of Camden Property Trust by 478.5% in the first quarter. Assetmark Inc. now owns 1,695 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 1,402 shares during the period. Founders Capital Management purchased a new position in shares of Camden Property Trust during the first quarter worth about $140,000. Mn Services Vermogensbeheer B.V. boosted its position in Camden Property Trust by 5.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,333 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 120 shares in the last quarter. Laurion Capital Management LP bought a new position in Camden Property Trust during the first quarter valued at about $201,000. Finally, FNY Partners Fund LP acquired a new stake in Camden Property Trust during the fourth quarter valued at approximately $210,000. 91.61% of the stock is currently owned by institutional investors and hedge funds.
Camden Property Trust (NYSE:CPT) traded up 0.67% during midday trading on Friday, hitting $88.94. The company had a trading volume of 854,405 shares. The company has a market cap of $7.79 billion, a price-to-earnings ratio of 9.92 and a beta of 0.39. The firm has a 50-day moving average price of $83.54 and a 200-day moving average price of $82.29. 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 posted 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. The company had revenue of $219.50 million for the quarter, compared to the consensus estimate of $218.19 million. Camden Property Trust had a net margin of 92.55% and a return on equity of 13.94%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the company posted $1.20 earnings per share. Equities analysts anticipate that Camden Property Trust will post $1.82 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $3.00 annualized dividend and a dividend yield of 3.37%. Camden Property Trust’s dividend payout ratio is presently 33.48%.
Several equities research analysts recently issued reports on CPT shares. BidaskClub raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets reissued a “hold” rating and issued a $81.00 target price on shares of Camden Property Trust in a report on Friday, February 17th. Royal Bank of Canada reaffirmed a “buy” rating and set a $90.00 price objective on shares of Camden Property Trust in a report on Wednesday, March 29th. Barclays PLC reiterated a “hold” rating and set a $84.00 target price on shares of Camden Property Trust in a research report on Friday, February 17th. Finally, Evercore ISI increased their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $88.50.
In other Camden Property Trust news, Director F Gardner Parker sold 741 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $81.03, for a total value of $60,043.23. Following the completion of the sale, the director now directly owns 12,074 shares in the company, valued at $978,356.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William F. Paulsen sold 2,227 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $87.18, for a total value of $194,149.86. Following the completion of the sale, the director now owns 14,284 shares of the company’s stock, valued at $1,245,279.12. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.
Camden Property Trust Company 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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