State Board of Administration of Florida Retirement System grew its stake in Camden Property Trust (NYSE:CPT) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,133 shares of the real estate investment trust’s stock after purchasing an additional 1,990 shares during the period. State Board of Administration of Florida Retirement System owned about 0.15% of Camden Property Trust worth $11,901,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bbva Compass Bancshares Inc. acquired a new stake in Camden Property Trust in the 3rd quarter worth $234,000. RMR Advisors LLC grew its position in Camden Property Trust by 26.0% in the 3rd quarter. RMR Advisors LLC now owns 6,300 shares of the real estate investment trust’s stock worth $576,000 after purchasing an additional 1,300 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Camden Property Trust in the 3rd quarter worth $4,408,000. Penserra Capital Management LLC acquired a new stake in Camden Property Trust in the 3rd quarter worth $110,000. Finally, Honeywell International Inc. grew its position in Camden Property Trust by 116.2% in the 3rd quarter. Honeywell International Inc. now owns 18,597 shares of the real estate investment trust’s stock worth $1,701,000 after purchasing an additional 9,997 shares during the last quarter. Institutional investors own 90.45% of the company’s stock.
Several research firms have issued reports on CPT. Robert W. Baird restated a “neutral” rating and issued a $96.00 price target (up from $92.00) on shares of Camden Property Trust in a research report on Friday, September 22nd. Mizuho reiterated a “hold” rating and set a $94.00 target price on shares of Camden Property Trust in a research report on Monday, November 6th. UBS AG reiterated a “sell” rating and set a $86.00 target price (up from $80.00) on shares of Camden Property Trust in a research report on Thursday, September 14th. Royal Bank Of Canada lifted their target price on shares of Camden Property Trust from $91.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. Finally, Sandler O’Neill upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and lifted their target price for the company from $93.00 to $105.00 in a research report on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Camden Property Trust currently has a consensus rating of “Hold” and a consensus target price of $92.31.
Camden Property Trust (CPT) opened at $94.19 on Friday. The company has a market cap of $8,703.12, a PE ratio of 20.87, a price-to-earnings-growth ratio of 3.83 and a beta of 0.42. Camden Property Trust has a 12-month low of $75.36 and a 12-month high of $96.39. 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 (NYSE:CPT) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.03). The firm had revenue of $228.18 million during the quarter, compared to analyst estimates of $226.41 million. Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. Camden Property Trust’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 earnings per share. equities research analysts predict that Camden Property Trust will post 4.53 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th were given a $0.75 dividend. The ex-dividend date was Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a yield of 3.19%. Camden Property Trust’s dividend payout ratio (DPR) is presently 182.93%.
Camden Property Trust 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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