Camden Property Trust (NYSE:CPT) COO H Malcolm Stewart sold 27,474 shares of Camden Property Trust stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $94.84, for a total transaction of $2,605,634.16. Following the sale, the chief operating officer now directly owns 172,227 shares of the company’s stock, valued at $16,334,008.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of NYSE:CPT traded up $1.59 during midday trading on Thursday, hitting $94.36. 932,000 shares of the stock traded hands, compared to its average volume of 555,843. The company has a market cap of $8.64 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 2.95 and a beta of 0.36. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.66. Camden Property Trust has a one year low of $78.19 and a one year high of $95.67.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.79). The firm had revenue of $241.77 million for the quarter, compared to the consensus estimate of $238.79 million. Camden Property Trust had a net margin of 21.81% and a return on equity of 5.94%. As a group, research analysts forecast that Camden Property Trust will post 4.77 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Redpoint Investment Management Pty Ltd bought a new position in shares of Camden Property Trust during the second quarter valued at about $206,000. Robeco Institutional Asset Management B.V. increased its position in shares of Camden Property Trust by 109.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,424 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 1,268 shares during the period. Mackenzie Financial Corp purchased a new position in shares of Camden Property Trust during the third quarter valued at about $234,000. First Hawaiian Bank purchased a new position in shares of Camden Property Trust during the third quarter valued at about $284,000. Finally, First Mercantile Trust Co. increased its position in shares of Camden Property Trust by 31.7% during the third quarter. First Mercantile Trust Co. now owns 3,253 shares of the real estate investment trust’s stock valued at $304,000 after buying an additional 783 shares during the period. 93.89% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on CPT. SunTrust Banks lifted their price objective on shares of Camden Property Trust to $95.00 and gave the stock an “average” rating in a report on Tuesday, August 14th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Citigroup boosted their price target on shares of Camden Property Trust from $91.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 8th. Royal Bank of Canada boosted their price target on shares of Camden Property Trust to $97.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 14th. Finally, Capital One Financial started coverage on shares of Camden Property Trust in a research note on Monday, October 22nd. They issued an “equal weight” rating and a $96.00 price target for the company. Ten investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $95.29.
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 159 properties containing 54,480 apartment homes across the United States.
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