Camden Property Trust (NYSE:CPT) President D Keith Oden sold 37,500 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $105.44, for a total transaction of $3,954,000.00. Following the transaction, the president now directly owns 291,083 shares in the company, valued at approximately $30,691,791.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Camden Property Trust stock traded up $1.03 during trading hours on Wednesday, reaching $106.32. The stock had a trading volume of 534,470 shares, compared to its average volume of 518,426. The firm has a market cap of $10.27 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 3.24 and a beta of 0.46. Camden Property Trust has a 52 week low of $83.67 and a 52 week high of $106.92. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.57.
Camden Property Trust (NYSE:CPT) last announced 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 business had revenue of $248.57 million for the quarter, compared to analyst estimates of $246.50 million. Camden Property Trust had a net margin of 15.98% and a return on equity of 4.45%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.15 EPS. As a group, sell-side analysts expect that Camden Property Trust will post 5.06 earnings per share for the current fiscal year.
CPT has been the topic of several recent research reports. Barclays reaffirmed a “buy” rating and set a $108.00 target price on shares of Camden Property Trust in a report on Tuesday, April 16th. Sandler O’Neill lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Finally, KeyCorp increased their target price on shares of Camden Property Trust from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $99.67.
A number of institutional investors have recently made changes to their positions in the business. Bbva Compass Bancshares Inc. grew its holdings in Camden Property Trust by 4.8% in the 4th quarter. Bbva Compass Bancshares Inc. now owns 2,637 shares of the real estate investment trust’s stock worth $232,000 after acquiring an additional 120 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in Camden Property Trust by 71.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 297 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 124 shares during the last quarter. Piedmont Investment Advisors Inc. grew its holdings in Camden Property Trust by 5.2% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 2,610 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 130 shares during the last quarter. Suntrust Banks Inc. grew its holdings in Camden Property Trust by 6.3% in the 4th quarter. Suntrust Banks Inc. now owns 2,355 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 140 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in Camden Property Trust by 1.0% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,569 shares of the real estate investment trust’s stock worth $1,371,000 after acquiring an additional 150 shares during the last quarter. 93.17% of the stock is currently owned by institutional investors and hedge funds.
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About Camden Property Trust
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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