Resolution Capital Ltd acquired a new position in Camden Property Trust (NYSE:CPT) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 790,482 shares of the real estate investment trust’s stock, valued at approximately $80,234,000. Camden Property Trust makes up 2.6% of Resolution Capital Ltd’s portfolio, making the stock its 15th largest position. Resolution Capital Ltd owned about 0.80% of Camden Property Trust at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in CPT. Rehmann Capital Advisory Group increased its holdings in shares of Camden Property Trust by 71.7% during the 4th quarter. Rehmann Capital Advisory Group now owns 297 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 124 shares during the last quarter. Lavaca Capital LLC acquired a new stake in Camden Property Trust in the 4th quarter valued at approximately $27,000. Oregon Public Employees Retirement Fund grew its holdings in Camden Property Trust by 8,705.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 3,169,926 shares during the last quarter. First Interstate Bank acquired a new stake in Camden Property Trust in the 4th quarter valued at approximately $47,000. Finally, We Are One Seven LLC acquired a new stake in Camden Property Trust in the 4th quarter valued at approximately $62,000. 87.86% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have issued reports on CPT shares. Janney Montgomery Scott raised Camden Property Trust from a “neutral” rating to a “buy” rating and set a $99.00 target price on the stock in a report on Wednesday, December 19th. Mizuho raised Camden Property Trust from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Wednesday, January 23rd. Sandler O’Neill lowered Camden Property Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Barclays reaffirmed a “buy” rating and issued a $108.00 target price on shares of Camden Property Trust in a report on Tuesday. Finally, Citigroup set a $100.00 target price on Camden Property Trust and gave the company a “hold” rating in a report on Tuesday, February 5th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $99.94.
In other Camden Property Trust news, Director William F. Paulsen sold 2,890 shares of Camden Property Trust stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $97.17, for a total value of $280,821.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.40% of the company’s stock.
Shares of Camden Property Trust stock traded down $1.71 during midday trading on Wednesday, hitting $98.21. 10,209 shares of the company were exchanged, compared to its average volume of 467,342. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $10.17 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 3.29 and a beta of 0.54. Camden Property Trust has a 52 week low of $82.60 and a 52 week high of $103.41.
Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, January 31st. The real estate investment trust reported $0.41 EPS 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 company had revenue of $244.92 million for the quarter, compared to the consensus estimate of $243.35 million. Equities analysts anticipate that Camden Property Trust will post 5.06 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th will be given a $0.80 dividend. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.77. The ex-dividend date is Thursday, March 28th. This represents a $3.20 annualized dividend and a yield of 3.26%. Camden Property Trust’s payout ratio is presently 67.09%.
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 161 properties containing 55,160 apartment homes across the United States.
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