Economy

RMR Advisors LLC Has $576000 Stake in Camden Property Trust (CPT)

According to Zacks, "CAMDEN PROPERTY TRUST is a self-administered and self-managed real estate investment trust that is engaged in the ownership, development, acquisition, management, marketing and disposition of multi-family apartment communities in the Southwest and Mountain regions of the United States".

Essex Property Trust (ESS) are being closely watched by investors as the firm's Mesa Adaptive Moving Average (MAMA) has moved above the Fractional Adaptive Moving Average (FAMA), indicating that a potential upward move might be forthcoming. Robert W. Baird reaffirmed a "buy" rating and set a $273.00 price target on shares of Essex Property Trust in a report on Tuesday, September 12th. Royal Bank Of Canada reissued an "outperform" rating and issued a $276.00 price objective (up from $267.00) on shares of Essex Property Trust in a research report on Sunday, August 13th. BTIG Research started coverage on shares of Camden Property Trust in a research note on Thursday, August 25th. They issued a "buy" rating and a $294.00 target price for the company. Essex Property Trust presently has an average rating of "Hold" and an average target price of $266.87. Suntrust Banks Inc has invested 0% of its portfolio in Camden Property Trust (NYSE:CPT). Camden Property Trust has a 52-week low of $69.76 and a 52-week high of $90.91. Currently, the 200-day MA is sitting at 86.55, and the 50-day is 92.66. One of the quickest ways to determine the projected value of a stock is the price to earnings growth, or PEG ratio. Utah Retirement Systems now owns 20,253 shares of the real estate investment trust's stock worth $1,732,000 after buying an additional 139 shares during the period. Camden Property Trust had a net margin of 94.44% and a return on equity of 15.12%. The company had revenue of $220.20 million for the quarter, compared to the consensus estimate of $218.51 million. During the same period in the previous year, the business earned $0.91 EPS. The firm's quarterly revenue was up 3.6% compared to the same quarter past year. During the same period last year, the business posted $1.13 earnings per share. equities research analysts predict that Camden Property Trust will post 4.53 EPS for the current year. Thompson Davis And Company Incorporated reported 0.01% in Essex Property Trust Inc (NYSE:ESS). If you are viewing this article on another site, it was illegally copied and republished in violation of US & global copyright and trademark legislation. The correct version of this news story can be accessed at https://www.truebluetribune.com/2017/11/10/rmr-advisors-llc-purchases-1300-shares-of-camden-property-trust-cpt.html.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th were issued a dividend of $1.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.19%. The company was initiated on Thursday, September 17 by JMP Securities. The shares were sold at an average price of $255.59, for a total transaction of $255,590.00. Moreover, Summit Creek Advisors Llc has 1.58% invested in the company for 260,868 shares. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Following the completion of the sale, the insider now directly owns 9,643 shares of the company's stock, valued at approximately $2,539,676.91. The stock was sold at an average price of $81.76, for a total transaction of $173,658.24. The company had a trading volume of 8,246 shares, compared to its average volume of 609,925.

Several institutional investors and hedge funds have recently modified their holdings of CPT. Price T Rowe Associates Inc. It improved, as 22 investors sold Essex Property Trust Inc shares while 131 reduced holdings. Gateway Investment Advisers LLC now owns 5,655 shares of the real estate investment trust's stock valued at $1,455,000 after purchasing an additional 83 shares during the last quarter. Sawtooth Solutions LLC now owns 2,701 shares of the real estate investment trust's stock worth $231,000 after acquiring an additional 72 shares in the last quarter. On Friday, May 12 SCHALL MICHAEL J sold $3.45M worth of Essex Property Trust Inc (NYSE:ESS) or 13,668 shares. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust's stock worth $185,000 after acquiring an additional 800 shares in the last quarter. Finally, Phocas Financial Corp. raised its position in Camden Property Trust by 19.0% in the third quarter. PNC Financial Services Group Inc. now owns 12,989 shares of the real estate investment trust's stock worth $1,111,000 after buying an additional 97 shares during the period.

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



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