Camden Property Trust (NYSE:CPT) EVP William W. Sengelmann sold 4,478 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $88.42, for a total transaction of $395,944.76. Following the sale, the executive vice president now directly owns 66,567 shares of the company’s stock, valued at approximately $5,885,854.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Camden Property Trust (CPT) opened at $84.71 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.94 and a quick ratio of 1.94. Camden Property Trust has a 12-month low of $78.38 and a 12-month high of $96.39. The stock has a market cap of $7,923.72, a P/E ratio of 51.65, a price-to-earnings-growth ratio of 3.31 and a beta of 0.42.
Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $228.18 million during the quarter, compared to analyst estimates of $226.41 million. During the same quarter last year, the company posted $1.13 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. equities research analysts predict that Camden Property Trust will post 4.53 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. YorkBridge Wealth Partners LLC increased its position in Camden Property Trust by 6.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 67 shares during the period. Penserra Capital Management LLC acquired a new position in Camden Property Trust in the 3rd quarter valued at approximately $110,000. Perigon Wealth Management LLC increased its position in Camden Property Trust by 59.3% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 800 shares during the period. Bbva Compass Bancshares Inc. acquired a new position in Camden Property Trust in the 3rd quarter valued at approximately $234,000. Finally, Koch Industries Inc. acquired a new position in Camden Property Trust in the 2nd quarter valued at approximately $236,000. Hedge funds and other institutional investors own 96.97% of the company’s stock.
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Robert W. Baird reaffirmed a “neutral” rating and set a $96.00 price target (up previously from $92.00) on shares of Camden Property Trust in a report on Friday, September 22nd. BMO Capital Markets reaffirmed a “buy” rating and set a $97.00 price target on shares of Camden Property Trust in a report on Monday, November 27th. Mizuho reaffirmed a “hold” rating and set a $94.00 price target on shares of Camden Property Trust in a report on Monday, November 6th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $93.00 price target on shares of Camden Property Trust in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $93.67.
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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