Camden Property Trust (CPT) Shares Sold by OppenheimerFunds Inc.

OppenheimerFunds Inc. lowered its stake in Camden Property Trust (NYSE:CPT) by 46.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,226 shares of the real estate investment trust’s stock after selling 2,767 shares during the period. OppenheimerFunds Inc.’s holdings in Camden Property Trust were worth $297,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. FDx Advisors Inc. acquired a new stake in Camden Property Trust in the fourth quarter valued at approximately $202,000. American International Group Inc. lifted its holdings in shares of Camden Property Trust by 1.4% during the fourth quarter. American International Group Inc. now owns 191,691 shares of the real estate investment trust’s stock worth $17,647,000 after purchasing an additional 2,625 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Camden Property Trust by 1.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 474,784 shares of the real estate investment trust’s stock worth $43,709,000 after purchasing an additional 6,627 shares during the period. BlackRock Inc. lifted its holdings in shares of Camden Property Trust by 8.5% during the fourth quarter. BlackRock Inc. now owns 11,940,510 shares of the real estate investment trust’s stock worth $1,099,242,000 after purchasing an additional 939,465 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in shares of Camden Property Trust by 5.4% during the fourth quarter. Schroder Investment Management Group now owns 241,672 shares of the real estate investment trust’s stock worth $22,248,000 after purchasing an additional 12,484 shares during the period. Hedge funds and other institutional investors own 97.37% of the company’s stock.

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In other Camden Property Trust news, Director Kelvin R. Westbrook sold 425 shares of Camden Property Trust stock in a transaction on Friday, January 5th. The shares were sold at an average price of $88.42, for a total value of $37,578.50. Following the completion of the sale, the director now directly owns 20,477 shares of the company’s stock, valued at $1,810,576.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP William W. Sengelmann sold 4,478 shares of Camden Property Trust stock in a transaction on Friday, January 5th. The shares were sold at an average price of $88.42, for a total transaction of $395,944.76. Following the completion of the sale, the executive vice president now directly owns 66,567 shares of the company’s stock, valued at $5,885,854.14. The disclosure for this sale can be found here. 4.70% of the stock is owned by insiders.

CPT stock opened at $81.09 on Friday. The stock has a market cap of $7,605.88, a price-to-earnings ratio of 18.11, a P/E/G ratio of 2.84 and a beta of 0.41. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.63. Camden Property Trust has a fifty-two week low of $78.19 and a fifty-two week high of $96.39.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.27). The firm had revenue of $229.80 million during the quarter, compared to analyst estimates of $228.99 million. Camden Property Trust had a net margin of 21.80% and a return on equity of 6.01%. Camden Property Trust’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.15 EPS. equities analysts expect that Camden Property Trust will post 4.72 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 30th will be issued a $0.77 dividend. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.08 annualized dividend and a yield of 3.80%. Camden Property Trust’s payout ratio is presently 142.86%.

A number of equities analysts have recently commented on CPT shares. JPMorgan Chase & Co. upgraded shares of Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 price target on the stock in a report on Friday, December 15th. Zacks Investment Research lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Stifel Nicolaus reiterated a “buy” rating and set a $94.00 price target on shares of Camden Property Trust in a report on Monday, February 5th. BMO Capital Markets set a $92.00 price target on shares of Camden Property Trust and gave the stock a “buy” rating in a report on Friday, March 2nd. Finally, Robert W. Baird reiterated a “hold” rating and set a $93.00 price target on shares of Camden Property Trust in a report on Tuesday, January 9th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Camden Property Trust has a consensus rating of “Buy” and an average target price of $90.64.

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Camden Property Trust Profile

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

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