Economy

Camden Property Trust (CPT) Shares Bought by Sumitomo Mitsui Trust Holdings Inc

Here is a rundown on some insider market activity for Camden Property Trust (NYSE:CPT).

Several research firms have recently commented on CPT. Stifel Nicolaus started coverage on Camden Property Trust in a research note on Friday, September 1st. BMO Capital Markets downgraded the stock to "Underperform" rating in Friday, October 30 report. KeyCorp raised Camden Property Trust from a "sector weight" rating to an "overweight" rating and set a $93.00 target price for the company in a research note on Tuesday, June 13th. Of the 27 analysts surveyed by Reuters that track AKAM 15 of them rate its stock a hold. The mean target price as estimated by the analysts for the company has been recorded at $91.80. Camden Property Trust has a one year low of $75.36 and a one year high of $96.39. The stock closing price is now trading downward to its 50 day moving average with change of -1.94%, escalated to its 20 day moving average with figure of 2.15% and behind its 200 day moving average with value -35.85%.

Looking forward, the company's quarterly earnings are expected to come at -$0.11 in the three months through September 2017 and -$0.14 in the quarter ending December 2017, reflecting -8.33% and -56.25% growth, respectively. Camden Property Trust (NYSE:CPT) recently traded as high as $94.92. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.14 by $0.01. It is positive, as 17 investors sold Camden Property Trust shares while 108 reduced holdings. The business had revenue of $222.40 million for the quarter, compared to analyst estimates of $222.44 million. During the same period in the prior year, the company earned $1.15 earnings per share.

04/24/2017 - Camden Property Trust was upgraded to "buy" by analysts at BTIG Research.

Receive Camden Property Trust News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust with MarketBeat.com's FREE daily email newsletter. If you are accessing this report on another site, it was illegally copied and reposted in violation of U.S. and worldwide trademark and copyright law. The original version of this piece can be viewed at https://stocknewstimes.com/2017/09/14/camden-property-trust-cpt-stock-rating-upgraded-by-sandler-oneill.html. This represents a $3.00 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, September 28th.

08/07/2017 - Camden Property Trust had its "outperform" rating reiterated by analysts at RBC Capital. Below is a list of Camden Property Trust (NYSE:CPT) latest ratings and price target changes. The underwriters may offer the common shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. Following the completion of the sale, the executive vice president now owns 77,149 shares of the company's stock, valued at $6,574,637.78. Stewart now owns $22,747,676 of stock per an SEC filing yesterday.

In other news, EVP Alexander J. Jessett sold 11,788 shares of the company's stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $90.15, for a total transaction of $458,412.75. Following last close company's stock, is 3.24% above their SMA 50 and -4.91% below the 52-week high. The disclosure for this sale can be found here. Insiders sold 118,584 shares of company stock valued at $10,618,035 over the last 90 days. Ledyard Commercial Bank has 0% invested in Camden Property Trust (NYSE:CPT) for 268 shares. Vanguard Group Inc. now owns 14,104,790 shares of the real estate investment trust's stock valued at $1,134,871,000 after acquiring an additional 357,480 shares during the period. Founders Capital Management acquired a new position in shares of Camden Property Trust during the first quarter worth about $140,000. State Street Corp lifted its position in shares of Camden Property Trust by 1.5% during the 1st quarter. Qs Limited Liability Corp invested 0.06% of its portfolio in Camden Property Trust (NYSE:CPT). Finally, Nuveen Asset Management LLC boosted its holdings in Camden Property Trust by 8.6% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust's stock worth $101,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 95.94% of the company's stock.

06/13/2017 - Camden Property Trust was upgraded to "overweight" by analysts at KeyBanc. The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities.



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