Economy

Camden Property Trust (CPT) Reaches 52-Week High

Camden Property Trust (NYSE:CPT) shows upbeat performance surged 1.50% to close at $95.70 in the last trading session. GAM Holding AG now owns 12,982 shares of the real estate investment trust's stock worth $1,110,000 after purchasing an additional 168 shares in the last quarter. Northern Trust Corp's holdings in Camden Property Trust were worth $95,834,000 at the end of the most recent reporting period.

The following firms have recently changed their position in CPT. Pacer Advisors, Inc. augmented its stake by buying 2,339 shares an increase of 16.2% in the quarter. Mcguire now owns $0 of stock as reported to the SEC. EVP - Real Estate Investments William W. Sengelmann let go of 5,085 shares at a price of $89.99 on Wednesday the 9th. Mn Services Vermogensbeheer B.V. raised its holdings in Camden Property Trust by 5.4% in the first quarter. Morgan Stanley grew its position in shares of Camden Property Trust by 35.4% during the 1st quarter. First Citizens Bank & Trust Co. now owns 4,727 shares of the real estate investment trust's stock valued at $396,000 after buying an additional 63 shares during the period. Finally, Ranger Global Real Estate Advisors LLC purchased a new stake in shares of Camden Property Trust in the 1st quarter valued at about $3,557,000.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, July 27th. The stock's 50 day moving average is $89.86 and its 200-day moving average is $85.07.

The company's P/E ratio is 21.40 and the market cap of the company is 8.39B. Camden Property has $105.0 highest and $77 lowest target.

Camden Property Trust (CPT) traded up 0.43% during midday trading on Monday, hitting $96.11. The dividend payment was $0.750 per share for the quarter which comes to $3.00 on an annualized basis. Rafferty Asset Management Ltd Limited Liability Company has invested 0.02% of its portfolio in Camden Property Trust (NYSE:CPT). The business had revenue of $222.40 million during the quarter, compared to analysts' expectations of $222.44 million. Out of 2 Wall Street analysts rating Monarch Casino & Resort, 1 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". Camden Property Trust's revenue was up.4% compared to the same quarter a year ago. As of the latest earnings report the EPS was $4.47 and is projected to be $1.73 for the current year with 87,667,000 shares presently outstanding.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.75 per share. This dividend amount represented a yeild of $3.18. Camden Property Trust's dividend payout ratio (DPR) is now 67.11%. The stock of Camden Property Trust (NYSE:CPT) earned "Underperform" rating by BMO Capital Markets on Monday, October 26. (NASDAQ:ASNA) and Camden Property Trust (NYSE:CPT), some interesting facts appear regarding these companies.

July 18 investment analysts at Barclays maintained a stock rating of "Equal-Weight" but moved down the price target from $95.00 to $86.00. They noted that the move was a valuation call.

On May 25 the company was upgraded from "Market Perform" to "Outperform" by analysts at BMO Capital. Camden Property Trust now has a consensus rating of "Hold" and an average price target of $90.40. Following the transaction, the executive vice president now directly owns 71,836 shares in the company, valued at approximately $6,447,999.36. The stock was sold at an average price of $89.75, for a total transaction of $1,002,866.50. Candriam Luxembourg S.C.A. acquired a new stake in shares of Camden Property Trust during the 2nd quarter worth about $1,514,000. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties which are hard to predict. Factors which may cause Camden's actual results or performance to differ materially from those contemplated by forward-looking statements are described under the heading "Risk Factors" in Camden's Annual Report on Form 10-K and in other filings with the Securities and Exchange Commission.

In other Camden Property Trust news, Director William F. Paulsen sold 2,227 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $81.76, for a total transaction of $173,658.24. The Return on Equity (ROE) and Return on Investment (ROI) values are 13.5 percent and 2.8 percent respectively. The disclosure for this sale can be found here.

Camden Property Trust is a real estate investment trust (REIT). The Firm 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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