Camden Property Trust (NYSE:CPT) COO H Malcolm Stewart sold 16,200 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $107.17, for a total value of $1,736,154.00. Following the sale, the chief operating officer now owns 149,537 shares of the company’s stock, valued at approximately $16,025,880.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
NYSE:CPT traded down $0.33 during mid-day trading on Friday, reaching $108.71. The company’s stock had a trading volume of 427,236 shares, compared to its average volume of 497,581. The stock’s fifty day moving average price is $105.72. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.21 and a current ratio of 0.21. Camden Property Trust has a twelve month low of $83.67 and a twelve month high of $110.42. The company has a market cap of $10.51 billion, a PE ratio of 22.79, a P/E/G ratio of 3.26 and a beta of 0.45.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.22. The firm had revenue of $248.57 million for the quarter, compared to analyst estimates of $246.50 million. Camden Property Trust had a return on equity of 4.45% and a net margin of 15.98%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $1.15 EPS. On average, equities analysts predict that Camden Property Trust will post 5.08 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in CPT. Rehmann Capital Advisory Group increased 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 purchasing an additional 124 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Camden Property Trust by 8,705.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 3,169,926 shares in the last quarter. Icon Wealth Partners LLC acquired a new position in shares of Camden Property Trust in the 1st quarter worth approximately $52,000. Penserra Capital Management LLC acquired a new position in shares of Camden Property Trust in the 1st quarter worth approximately $58,000. Finally, Fort L.P. acquired a new position in shares of Camden Property Trust in the 4th quarter worth approximately $93,000. Institutional investors own 93.17% of the company’s stock.
Several research firms have recently commented on CPT. Sandler O’Neill upgraded HomeStreet from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday, April 5th. Zacks Investment Research upgraded FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price objective for the company in a research report on Tuesday, June 25th. Barclays set a €45.00 ($52.33) price objective on Zalando and gave the stock a “buy” rating in a research report on Tuesday, April 16th. SunTrust Banks upped their target price on Camden Property Trust to $108.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Finally, KeyCorp upped their target price on Terreno Realty from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $102.00.
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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