Manning & Napier Group LLC increased its stake in shares of Camden Property Trust (NYSE:CPT) by 246.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,935 shares of the real estate investment trust’s stock after purchasing an additional 44,050 shares during the period. Manning & Napier Group LLC owned approximately 0.06% of Camden Property Trust worth $6,875,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new position in shares of Camden Property Trust during the second quarter valued at approximately $26,000. HM Payson & Co. purchased a new position in shares of Camden Property Trust during the second quarter valued at approximately $49,000. Machina Capital S.A.S. purchased a new position in shares of Camden Property Trust during the second quarter valued at approximately $62,000. NEXT Financial Group Inc raised its holdings in shares of Camden Property Trust by 15.4% during the second quarter. NEXT Financial Group Inc now owns 898 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 120 shares during the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new position in shares of Camden Property Trust during the first quarter valued at approximately $122,000. 93.40% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on CPT shares. ValuEngine cut shares of Camden Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zelman & Associates raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Monday, August 12th. Zacks Investment Research cut shares of Camden Property Trust from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. Capital One Financial upgraded shares of Camden Property Trust from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $107.00 to $119.00 in a research report on Monday, September 16th. Finally, DA Davidson lowered shares of Camden Property Trust from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 23rd. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $106.69.
In other Camden Property Trust news, Director William B. Mcguire sold 1,979 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $104.12, for a total value of $206,053.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.40% of the company’s stock.
Shares of NYSE CPT opened at $112.82 on Friday. The firm has a 50 day moving average of $109.97 and a 200 day moving average of $105.41. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $10.96 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 3.21 and a beta of 0.41. Camden Property Trust has a 12-month low of $83.67 and a 12-month high of $114.35.
Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.84). The business had revenue of $255.76 million for the quarter, compared to the consensus estimate of $252.76 million. Camden Property Trust had a net margin of 16.05% and a return on equity of 4.48%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 earnings per share. Sell-side analysts predict that Camden Property Trust will post 5.07 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a dividend of $0.80 per share. The ex-dividend date is Friday, September 27th. This represents a $3.20 annualized dividend and a yield of 2.84%. Camden Property Trust’s dividend payout ratio (DPR) is 67.09%.
Camden Property Trust 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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