Camden Property Trust (CPT) Shares Sold by Westwood Holdings Group Inc.
Westwood Holdings Group Inc. cut its position in Camden Property Trust (NYSE:CPT) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,472 shares of the real estate investment trust’s stock after selling 837 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Camden Property Trust were worth $895,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Camden Property Trust by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 14,190,009 shares of the real estate investment trust’s stock valued at $1,213,387,000 after buying an additional 85,219 shares during the last quarter. BlackRock Inc. boosted its holdings in Camden Property Trust by 3.1% in the 2nd quarter. BlackRock Inc. now owns 10,451,376 shares of the real estate investment trust’s stock valued at $893,697,000 after purchasing an additional 310,886 shares during the period. State Street Corp boosted its holdings in Camden Property Trust by 1.5% in the 1st quarter. State Street Corp now owns 4,488,687 shares of the real estate investment trust’s stock valued at $361,144,000 after purchasing an additional 65,704 shares during the period. Nuveen Asset Management LLC boosted its holdings in Camden Property Trust by 8.6% in the 1st quarter. Nuveen Asset Management LLC now owns 1,327,236 shares of the real estate investment trust’s stock valued at $106,789,000 after purchasing an additional 105,014 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Camden Property Trust by 32.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,312,251 shares of the real estate investment trust’s stock valued at $112,211,000 after purchasing an additional 318,689 shares during the period. Institutional investors and hedge funds own 90.44% of the company’s stock.
Camden Property Trust (NYSE:CPT) traded down 0.01% during midday trading on Tuesday, reaching $93.77. 21,892 shares of the company’s stock traded hands. The company has a market cap of $8.22 billion, a P/E ratio of 20.98 and a beta of 0.41. Camden Property Trust has a 52-week low of $75.36 and a 52-week high of $96.39. The stock has a 50-day moving average of $92.57 and a 200 day moving average of $87.17.
Camden Property Trust (NYSE:CPT) last posted its 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 business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.15 earnings per share. On average, analysts anticipate that Camden Property Trust will post $1.73 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 29th will be issued a $0.75 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a yield of 3.20%. Camden Property Trust’s dividend payout ratio (DPR) is presently 67.11%.
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A number of analysts have weighed in on CPT shares. Royal Bank Of Canada reissued a “buy” rating and issued a $91.00 price target on shares of Camden Property Trust in a report on Sunday, July 16th. Barclays PLC increased their price target on shares of Camden Property Trust from $85.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, July 18th. Deutsche Bank AG increased their price target on shares of Camden Property Trust from $84.00 to $85.00 and gave the company a “hold” rating in a report on Friday, August 18th. Stifel Nicolaus started coverage on shares of Camden Property Trust in a report on Friday, September 1st. They issued a “buy” rating and a $99.00 price target for the company. Finally, Sandler O’Neill raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and increased their price target for the company from $93.00 to $105.00 in a report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $92.06.
In related news, COO H Malcolm Stewart sold 11,174 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.75, for a total value of $1,002,866.50. Following the completion of the transaction, the chief operating officer now owns 253,456 shares in the company, valued at approximately $22,747,676. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William W. Sengelmann sold 5,085 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $6,476,015.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,584 shares of company stock valued at $10,618,035. 4.70% of the stock is owned by company insiders.
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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