D Keith Oden Sells 86,540 Shares of Camden Property Trust (CPT) Stock
Camden Property Trust (NYSE:CPT) President D Keith Oden sold 86,540 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $89.43, for a total transaction of $7,739,272.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Camden Property Trust (NYSE:CPT) traded up 0.32% on Wednesday, reaching $90.35. 516,337 shares of the company’s stock traded hands. The firm has a market capitalization of $7.92 billion, a P/E ratio of 20.21 and a beta of 0.37. Camden Property Trust has a 52 week low of $75.36 and a 52 week high of $90.83. The firm’s 50 day moving average is $87.42 and its 200 day moving average is $83.76.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.02. The company had revenue of $222.40 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $1.15 earnings per share. Analysts expect that Camden Property Trust will post $1.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Wednesday, June 28th. Camden Property Trust’s dividend payout ratio is presently 67.11%.
Several institutional investors have recently made changes to their positions in CPT. Perigon Wealth Management LLC bought a new position in shares of Camden Property Trust during the first quarter worth approximately $110,000. Assetmark Inc. increased 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 in the last quarter. Founders Capital Management bought a new position in shares of Camden Property Trust during the first quarter worth approximately $140,000. Mn Services Vermogensbeheer B.V. increased 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 in the last quarter. Finally, Laurion Capital Management LP bought a new position in shares of Camden Property Trust during the first quarter worth approximately $201,000. 95.27% of the stock is owned by institutional investors and hedge funds.
CPT has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their price target on shares of Camden Property Trust from $91.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday. BidaskClub upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Evercore ISI upped their price target on shares of Camden Property Trust from $87.00 to $88.00 and gave the stock an “in-line” rating in a report on Wednesday, April 19th. Barclays PLC restated an “equal weight” rating and issued a $85.00 price target (up from $84.00) on shares of Camden Property Trust in a report on Wednesday, April 19th. Finally, BMO Capital Markets set a $81.00 price target on shares of Camden Property Trust and gave the stock a “hold” rating in a report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $88.38.
About Camden Property Trust
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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