Daiwa Securities Group Inc. lowered its stake in Camden Property Trust (NYSE:CPT) by 34.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,450 shares of the real estate investment trust’s stock after selling 6,000 shares during the period. Daiwa Securities Group Inc.’s holdings in Camden Property Trust were worth $1,047,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC lifted its position in shares of Camden Property Trust by 6.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 67 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Camden Property Trust in the third quarter worth about $110,000. Perigon Wealth Management LLC lifted its position in shares of Camden Property Trust by 59.3% in the second quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 800 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Camden Property Trust in the second quarter worth about $201,000. Finally, Bbva Compass Bancshares Inc. acquired a new stake in shares of Camden Property Trust in the third quarter worth about $234,000. 92.41% of the stock is owned by institutional investors.
A number of analysts have weighed in on CPT shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $91.00 price target on shares of Camden Property Trust in a research report on Sunday, July 16th. Sandler O’Neill raised Camden Property Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $93.00 to $105.00 in a research report on Tuesday, September 5th. UBS AG reissued a “sell” rating and set a $86.00 price objective (up previously from $80.00) on shares of Camden Property Trust in a research report on Thursday, September 14th. Stifel Nicolaus initiated coverage on Camden Property Trust in a research report on Friday, September 1st. They set a “buy” rating and a $99.00 price objective for the company. Finally, BMO Capital Markets reissued a “buy” rating and set a $95.00 price objective on shares of Camden Property Trust in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $92.31.
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Shares of Camden Property Trust (NYSE CPT) opened at $94.19 on Monday. Camden Property Trust has a 12 month low of $75.36 and a 12 month high of $96.39. The firm has a market capitalization of $8,729.07, a P/E ratio of 20.93, a PEG ratio of 3.84 and a beta of 0.42. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.64.
Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.03). Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The company had revenue of $228.18 million during the quarter, compared to the consensus estimate of $226.41 million. During the same quarter in the prior year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. sell-side analysts predict that Camden Property Trust will post 4.53 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th were paid a $0.75 dividend. The ex-dividend date was Thursday, September 28th. This represents a $3.00 annualized dividend and a dividend yield of 3.19%. Camden Property Trust’s dividend payout ratio is currently 182.93%.
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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