Sei Investments Co. Has $18.50 Million Stake in Camden Property Trust (CPT)
Sei Investments Co. boosted its position in Camden Property Trust (NYSE:CPT) by 8.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 216,345 shares of the real estate investment trust’s stock after buying an additional 17,280 shares during the period. Sei Investments Co. owned approximately 0.24% of Camden Property Trust worth $18,500,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new position in shares of Camden Property Trust during the fourth quarter worth approximately $647,000. Teachers Advisors LLC increased its position in shares of Camden Property Trust by 6.9% in the fourth quarter. Teachers Advisors LLC now owns 109,256 shares of the real estate investment trust’s stock worth $9,185,000 after buying an additional 7,018 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Camden Property Trust by 3.7% in the fourth quarter. Macquarie Group Ltd. now owns 28,002 shares of the real estate investment trust’s stock worth $2,354,000 after buying an additional 1,000 shares during the last quarter. Creative Planning increased its position in shares of Camden Property Trust by 3.1% in the first quarter. Creative Planning now owns 2,638 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 80 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its position in shares of Camden Property Trust by 0.4% in the first quarter. Gulf International Bank UK Ltd now owns 27,170 shares of the real estate investment trust’s stock worth $2,186,000 after buying an additional 100 shares during the last quarter. Institutional investors own 92.20% of the company’s stock.
Shares of Camden Property Trust (NYSE:CPT) opened at 89.60 on Friday. The firm has a market capitalization of $7.85 billion, a PE ratio of 20.04 and a beta of 0.37. The firm’s 50 day moving average is $87.28 and its 200 day moving average is $83.63. Camden Property Trust has a 1-year low of $75.36 and a 1-year high of $90.83.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The firm had revenue of $222.40 million for the quarter, compared to the consensus estimate of $222.44 million. Camden Property Trust had a return on equity of 13.17% and a net margin of 46.10%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.15 EPS. Analysts anticipate that Camden Property Trust will post $1.83 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $3.00 annualized dividend and a yield of 3.35%. Camden Property Trust’s payout ratio is presently 67.11%.
ILLEGAL ACTIVITY WARNING: This report was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/08/06/sei-investments-co-has-18-50-million-stake-in-camden-property-trust-cpt.html.
A number of equities analysts have recently issued reports on CPT shares. Barclays PLC reiterated an “equal weight” rating and issued a $85.00 price target (up previously from $84.00) on shares of Camden Property Trust in a report on Wednesday, April 19th. Evercore ISI increased their price target on shares of Camden Property Trust from $87.00 to $88.00 and gave the company an “in-line” rating in a report on Wednesday, April 19th. BTIG Research upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a report on Monday, April 24th. BMO Capital Markets set a $81.00 price target on shares of Camden Property Trust and gave the company a “hold” rating in a report on Thursday, May 4th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Camden Property Trust in a research note on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $88.08.
In other Camden Property Trust news, Director William F. Paulsen sold 2,227 shares of Camden Property Trust stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $87.18, for a total transaction of $194,149.86. Following the transaction, the director now owns 14,284 shares of the company’s stock, valued at approximately $1,245,279.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.
Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPT).
Receive News & Ratings for Camden Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.