Natixis Advisors L.P. increased its position in shares of Camden Property Trust (NYSE:CPT) by 55.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,429 shares of the real estate investment trust’s stock after buying an additional 16,860 shares during the period. Natixis Advisors L.P. owned about 0.05% of Camden Property Trust worth $4,176,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in CPT. Rehmann Capital Advisory Group grew its holdings in 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 worth $26,000 after acquiring an additional 124 shares in the last quarter. Lavaca Capital LLC acquired a new position in Camden Property Trust during the 4th quarter worth $27,000. First Interstate Bank acquired a new position in Camden Property Trust during the 4th quarter worth $47,000. We Are One Seven LLC acquired a new position in Camden Property Trust during the 4th quarter worth $62,000. Finally, Exane Derivatives acquired a new position in Camden Property Trust during the 4th quarter worth $194,000. 92.94% of the stock is currently owned by hedge funds and other institutional investors.
NYSE CPT opened at $100.77 on Friday. Camden Property Trust has a one year low of $80.81 and a one year high of $101.99. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $9.74 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 3.24 and a beta of 0.54.
Camden Property Trust (NYSE:CPT) last posted its quarterly 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 net margin of 16.36% and a return on equity of 4.56%. The business had revenue of $244.92 million during the quarter, compared to analyst estimates of $243.35 million. Equities analysts forecast that Camden Property Trust will post 5.06 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.18%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Thursday, March 28th. Camden Property Trust’s payout ratio is presently 64.57%.
CPT has been the subject of several recent analyst reports. Janney Montgomery Scott raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating and set a $99.00 price objective for the company in a report on Wednesday, December 19th. Mizuho raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Wednesday, January 23rd. Citigroup set a $100.00 price objective on shares of Camden Property Trust and gave the stock a “hold” rating in a report on Tuesday, February 5th. Barclays raised shares of Camden Property Trust from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $87.00 to $106.00 in a report on Monday, February 4th. Finally, BMO Capital Markets reissued a “buy” rating and set a $95.00 price objective on shares of Camden Property Trust in a report on Thursday, January 31st. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $98.50.
In other Camden Property Trust news, Director William F. Paulsen sold 11,344 shares of the business’s stock in a transaction dated Friday, December 21st. The shares were sold at an average price of $89.38, for a total transaction of $1,013,926.72. Following the completion of the transaction, the director now directly owns 2,890 shares of the company’s stock, valued at approximately $258,308.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William F. Paulsen sold 2,890 shares of the business’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $97.17, for a total transaction of $280,821.30. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
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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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