Schulhoff & Co. Inc. Has $318,000 Position in Camden Property Trust (CPT)

Schulhoff & Co. Inc. held its position in shares of Camden Property Trust (NYSE:CPT) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,607 shares of the real estate investment trust’s stock at the end of the second quarter. Schulhoff & Co. Inc.’s holdings in Camden Property Trust were worth $318,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CPT. Silvercrest Asset Management Group LLC bought a new position in Camden Property Trust during the first quarter valued at approximately $212,000. AXA raised its position in Camden Property Trust by 2.4% in the first quarter. AXA now owns 3,086 shares of the real estate investment trust’s stock valued at $260,000 after buying an additional 73 shares in the last quarter. Oakbrook Investments LLC raised its position in Camden Property Trust by 10.2% in the second quarter. Oakbrook Investments LLC now owns 4,308 shares of the real estate investment trust’s stock valued at $381,000 after buying an additional 400 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in Camden Property Trust by 7.0% in the second quarter. First Citizens Bank & Trust Co. now owns 4,664 shares of the real estate investment trust’s stock valued at $412,000 after buying an additional 305 shares in the last quarter. Finally, Phocas Financial Corp. raised its position in Camden Property Trust by 1.0% in the first quarter. Phocas Financial Corp. now owns 5,066 shares of the real estate investment trust’s stock valued at $426,000 after buying an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 96.55% of the company’s stock.

Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

Shares of Camden Property Trust (NYSE:CPT) traded up 0.08% during trading on Tuesday, reaching $77.98. 411,717 shares of the company were exchanged. The stock has a market capitalization of $6.82 billion, a P/E ratio of 12.04 and a beta of 0.48. Camden Property Trust has a 1-year low of $67.27 and a 1-year high of $90.91. The firm has a 50-day moving average price of $84.10 and a 200-day moving average price of $84.92.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $1.15 earnings per share for the quarter, meeting the consensus estimate of $1.15. Camden Property Trust had a net margin of 65.37% and a return on equity of 6.89%. The business earned $221.50 million during the quarter, compared to analysts’ expectations of $220.32 million. During the same quarter in the prior year, the company posted $1.12 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts predict that Camden Property Trust will post $4.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Investors of record on Friday, September 30th were given a dividend of $0.75 per share. The ex-dividend date was Wednesday, September 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.85%. Camden Property Trust’s payout ratio is currently 46.44%.

Several research analysts recently commented on the company. RBC Capital Markets reiterated a “buy” rating on shares of Camden Property Trust in a research report on Monday, August 29th. Zacks Investment Research upgraded Camden Property Trust from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Monday, July 18th. Citigroup Inc. lifted their price target on Camden Property Trust from $87.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Barclays PLC raised their price objective on shares of Camden Property Trust from $91.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 19th. Finally, BTIG Research began coverage on shares of Camden Property Trust in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $87.54.

In other Camden Property Trust news, EVP William W. Sengelmann sold 5,878 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $85.56, for a total transaction of $502,921.68. Following the sale, the executive vice president now directly owns 78,689 shares in the company, valued at approximately $6,732,630.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Richard J. Campo sold 22,318 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $88.33, for a total transaction of $1,971,348.94. Following the sale, the chairman now owns 410,649 shares in the company, valued at $36,272,626.17. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

About Camden Property Trust

Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. The Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.

5 Day Chart for NYSE:CPT

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