Camden Property Trust (CPT) Stake Reduced by Oakbrook Investments LLC

Oakbrook Investments LLC cut its stake in Camden Property Trust (NYSE:CPT) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,688 shares of the real estate investment trust’s stock after selling 20 shares during the period. Oakbrook Investments LLC’s holdings in Camden Property Trust were worth $315,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Perigon Wealth Management LLC acquired a new stake in shares of Camden Property Trust during the first quarter valued at $110,000. Assetmark Inc. increased its stake in shares of Camden Property Trust by 478.5% in the first quarter. Assetmark Inc. now owns 1,695 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 1,402 shares in the last quarter. Founders Capital Management acquired a new stake in shares of Camden Property Trust during the first quarter valued at $140,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of Camden Property Trust by 5.4% in the first quarter. 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 in the last quarter. Finally, Laurion Capital Management LP acquired a new stake in shares of Camden Property Trust during the first quarter valued at $201,000. 91.90% of the stock is owned by institutional investors and hedge funds.

Shares of Camden Property Trust (CPT) traded up 2.22% on Friday, hitting $89.39. The stock had a trading volume of 749,017 shares. Camden Property Trust has a 52-week low of $75.36 and a 52-week high of $90.83. The firm’s 50-day moving average price is $87.12 and its 200 day moving average price is $83.51. The firm has a market cap of $8.05 billion, a PE ratio of 363.37 and a beta of 0.37.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.02. The business had revenue of $222.40 million during the quarter, compared to the consensus estimate of $222.44 million. Camden Property Trust had a return on equity of 13.11% and a net margin of 46.10%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm earned $1.15 earnings per share. On average, equities research analysts predict that Camden Property Trust will post $1.83 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a $0.75 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $3.00 dividend on an annualized basis and a yield of 3.36%. Camden Property Trust’s dividend payout ratio (DPR) is 67.11%.

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CPT has been the subject of several recent analyst reports. BTIG Research raised Camden Property Trust from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a report on Monday, April 24th. Royal Bank Of Canada reissued a “buy” rating on shares of Camden Property Trust in a report on Monday, May 15th. Barclays PLC raised 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. BidaskClub raised Camden Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, BMO Capital Markets set a $81.00 price target on Camden Property Trust and gave the stock a “hold” rating in a report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $88.43.

In related news, Director William F. Paulsen sold 2,227 shares of Camden Property Trust stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $87.18, for a total value of $194,149.86. Following the completion of the transaction, the director now directly owns 14,284 shares in the company, valued at $1,245,279.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.70% of the stock is currently owned by company insiders.

About Camden Property Trust

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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