Anchor Capital Advisors LLC Reduces Position in Camden Property Trust (CPT)
Anchor Capital Advisors LLC decreased its position in shares of Camden Property Trust (NYSE:CPT) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,920 shares of the real estate investment trust’s stock after selling 210 shares during the period. Anchor Capital Advisors LLC’s holdings in Camden Property Trust were worth $421,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Perigon Wealth Management LLC purchased a new position in shares of Camden Property Trust during the first quarter worth about $110,000. Assetmark Inc. raised its position 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 last quarter. 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. raised its position in shares of 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 worth $176,000 after buying an additional 120 shares during the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in shares of Camden Property Trust during the second quarter worth about $201,000. 95.27% of the stock is owned by hedge funds and other institutional investors.
Shares of Camden Property Trust (NYSE CPT) opened at 89.73 on Tuesday. Camden Property Trust has a 12 month low of $75.36 and a 12 month high of $90.83. The stock has a 50 day moving average price of $87.28 and a 200 day moving average price of $83.63. The firm has a market cap of $7.87 billion, a PE ratio of 20.07 and a beta of 0.37.
Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The company had revenue of $222.40 million during the quarter, compared to analysts’ expectations of $222.44 million. During the same quarter in the previous year, the company posted $1.15 EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts expect that Camden Property Trust will post $1.83 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Wednesday, June 28th. Camden Property Trust’s dividend payout ratio (DPR) is 67.11%.
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Several equities research analysts have recently weighed in on CPT shares. Royal Bank Of Canada raised their price objective on Camden Property Trust from $91.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday. Barclays PLC raised their price objective on Camden Property Trust from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 18th. BMO Capital Markets raised Camden Property Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $81.00 to $89.00 in a research note on Thursday, May 25th. They noted that the move was a valuation call. Evercore ISI raised Camden Property Trust from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $87.00 to $90.00 in a research note on Thursday, May 18th. They noted that the move was a valuation call. Finally, BidaskClub raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned 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 $88.38.
In other news, Director William F. Paulsen sold 2,227 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $87.18, for a total value of $194,149.86. Following the completion of the transaction, the director now owns 14,284 shares of the company’s stock, valued at approximately $1,245,279.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.70% of the stock is owned by insiders.
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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