Eii Capital Management Inc. Takes Position in Camden Property Trust (CPT)

Eii Capital Management Inc. bought a new position in shares of Camden Property Trust (NYSE:CPT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 27,406 shares of the real estate investment trust’s stock, valued at approximately $2,506,000.

Other institutional investors have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC increased its stake in shares of Camden Property Trust by 6.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 67 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Camden Property Trust during the 3rd quarter worth approximately $110,000. Perigon Wealth Management LLC increased its stake in shares of Camden Property Trust by 59.3% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock worth $185,000 after purchasing an additional 800 shares during the last quarter. Sawtooth Solutions LLC increased its stake in shares of Camden Property Trust by 2.7% during the 2nd quarter. Sawtooth Solutions LLC now owns 2,701 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 72 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. purchased a new stake in shares of Camden Property Trust during the 3rd quarter worth approximately $234,000. 97.19% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust (NYSE CPT) opened at $93.50 on Wednesday. Camden Property Trust has a one year low of $78.38 and a one year high of $96.39. The firm has a market cap of $8,559.48, a P/E ratio of 20.52, a P/E/G ratio of 3.77 and a beta of 0.41. 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 analysts’ consensus estimates 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 business had revenue of $228.18 million during the quarter, compared to analysts’ expectations of $226.41 million. During the same quarter in the prior year, the firm posted $1.13 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. equities analysts predict that Camden Property Trust will post 4.53 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 15th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, December 14th. Camden Property Trust’s payout ratio is 182.93%.

In other Camden Property Trust news, President D Keith Oden sold 13,086 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $92.25, for a total value of $1,207,183.50. Following the completion of the transaction, the president now directly owns 364,771 shares of the company’s stock, valued at approximately $33,650,124.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Richard J. Campo sold 379 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $94.44, for a total transaction of $35,792.76. Following the completion of the transaction, the chairman now directly owns 338,519 shares of the company’s stock, valued at $31,969,734.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 121,394 shares of company stock valued at $11,201,585. Insiders own 4.70% of the company’s stock.

Several equities research analysts have recently issued reports on CPT shares. Sandler O’Neill upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $93.00 to $105.00 in a research note on Tuesday, September 5th. UBS restated a “sell” rating and set a $86.00 price target (up previously from $80.00) on shares of Camden Property Trust in a research note on Thursday, September 14th. BMO Capital Markets restated a “buy” rating and set a $95.00 price target on shares of Camden Property Trust in a research note on Friday, September 8th. Stifel Nicolaus started coverage on shares of Camden Property Trust in a research note on Friday, September 1st. They set a “buy” rating and a $99.00 price target for the company. Finally, KeyCorp raised their price target on shares of Camden Property Trust from $93.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. Camden Property Trust has an average rating of “Hold” and a consensus price target of $92.53.

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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.

Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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