Camden Property Trust (CPT) Receiving Positive Media Coverage, Analysis Shows
- Thibaud Bourcier
The firm's revenue was up.4% on a year-over-year basis. Mn Services Vermogensbeheer B.V. now owns 2,333 shares of the real estate investment trust's stock valued at $176,000 after buying an additional 120 shares during the period. Institutional investors own 95.27% of the company's stock.
Equities research analysts at DA Davidson issued their Q1 2018 EPS estimates for Camden Property Trust in a report released on Monday.
Camden Property Trust's P/E ratio is 20.08 and the market cap of the company is 7.87B. Honeywell International Inc. bought a new position in Camden Property Trust during the second quarter worth about $735,000. Perigon Wealth Management LLC acquired a new position in shares of Camden Property Trust during the first quarter worth about $110,000. The value of the investment in Camden Property Trust decreased from $2,515,000 to $2,515,000 a change of $0 quarter to quarter.
Camden Property Trust (NYSE:CPT) previously issued its fiscal periodic earnings information on Early Thur, Jul 27th. Founders Capital Management purchased a new position in shares of Camden Property Trust during the first quarter worth $140,000. Equities research analysts predict that Camden Property Trust will post $1.81 earnings per share for the current year. The stock's 50 day moving average is $87.62 and its 200-day moving average is $84.01. Allianz Asset Management AG now owns 8,839 shares of the real estate investment trust's stock worth $743,000 after buying an additional 935 shares in the last quarter. The SI to Camden Property Trust's float is 3.21%. The real estate investment trust reported $1.15 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.13 by $0.02. First Manhattan Co. boosted its stake in shares of Camden Property Trust by 2.0% in the first quarter. Finally, Laurion Capital Management LP bought a new position in Camden Property Trust during the first quarter valued at approximately $201,000.
Shares of Camden Property Trust (CPT) opened at 89.03 on Friday.
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The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a $0.75 dividend. This dividend amount was represent a yeild of $3.32. The ex-dividend date was set for Wednesday the 28th of June 2017. Camden Property Trust's dividend payout ratio is presently 67.11%.
COPYRIGHT VIOLATION NOTICE: This article was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Following the completion of the transaction, the executive vice president now directly owns 71,836 shares in the company, valued at $6,447,999.36. If you are reading this article on another publication, it was copied illegally and reposted in violation of U.S. & worldwide trademark & copyright legislation. Finally, BidaskClub upgraded Camden Property Trust from a "sell" rating to a "hold" rating in a report on Wednesday, June 14th. First Citizens Commercial Bank has invested 0.03% of its portfolio in Camden Property Trust (NYSE:CPT).
On May 25 the stock rating was upgraded to "Outperform" from "Market Perform" in a report issued by BMO Capital. $1.37M worth of Camden Property Trust (NYSE:CPT) shares were sold by Sengelmann William W. The shares were sold at an average price of $87.18, for a total value of $194,149.86. Royal Bank Of Canada reiterated a "buy" rating and issued a $91.00 target price on shares of Camden Property Trust in a research report on Sunday, July 16th. They noted that the move was a valuation call. On Tuesday, September 1 the stock rating was maintained by Macquarie Research with "Buy". Barclays PLC lifted their price target on Camden Property Trust from $85.00 to $86.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 18th. Camden Property Trust presently has an average rating of "Hold" and a consensus target price of $88.42. The correct version of this article can be viewed at https://transcriptdaily.com/2017/08/12/xact-kapitalforvaltning-ab-has-1-16-million-position-in-camden-property-trust-nysecpt-updated-updated-updated.html. Two brokerage firms recommended the company shares with a sell recommendation, four have published a hold recommendation and around seven have published a buy recommendation to the firms shares. Malcolm Stewart let go of 11,174 shares at an average price of $89.75 on August 8th. Citigroup accumulated 72,053 shares or 0.01% of the stock. The disclosure for this sale can be found here. Following the sale, the executive vice president now directly owns 56,783 shares of the company's stock, valued at approximately $5,099,681.23. 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.
Ratings analysis reveals 50% of Camden Property's analysts are positive. It improved, as 17 investors sold CPT shares while 108 reduced holdings.
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