FY2017 EPS Estimates for Camden Property Trust Increased by Analyst (NYSE:CPT)

Cornelia Mascio
Agosto 13, 2017

The Fayez Sarofim & Company holds 100,400 shares with $8.44M value, down from 257,900 last quarter.

Hedge funds have lately purchased or disposed their positions in the share.

Several other large investors have also bought and sold shares of the company.

Media stories about Camden Property Trust (NYSE:CPT) have trended positive recently, according to Accern. During the same period in the previous year, the firm earned $1.15 EPS.

Camden Property Trust now has a P/E ratio of 20.08 and the market value is 7.87B. Teachers Advisors LLC boosted its position in Camden Property Trust by 6.9% in the fourth quarter. Renaissance Technologies LLC acquired a new position in shares of Camden Property Trust during the fourth quarter valued at about $647,000. Camden Property Trust has a 1-year low of $75.36 and a 1-year high of $90.83.

Wall Street analysts are still seeing some upside to Camden Property Trust (NYSE:CPT) despite the recent move. Founders Capital Management bought a new position in shares of Camden Property Trust during the first quarter worth approximately $140,000.

TRADEMARK VIOLATION WARNING: "Equities Analysts Offer Predictions for Camden Property Trust's Q1 2018 Earnings (CPT)" was first published by BNB Daily and is owned by of BNB Daily. Russell Investments Group Ltd. now owns 510,173 shares of the real estate investment trust's stock valued at $41,047,000 after buying an additional 123,027 shares during the period. The company's 50 day moving average price is $87.62 and its 200-day moving average price is $84.01. Mn Services Vermogensbeheer B.V. now owns 2,333 shares of the real estate investment trust's stock valued at $176,000 after buying an additional 120 shares during the last quarter. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.13 by $0.02. Pensionfund Sabic boosted its position in Camden Property Trust by 8.9% in the first quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Camden Property Trust by 5.4% in the first quarter.

In taking a look at technical levels, Camden Property Trust (NYSE:CPT) shares are trading 1.91% away from the 50 day simple moving average and 7.33% away from the 200 day simple moving average.

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was set for Wednesday the 28th of June 2017. Camden Property Trust's dividend payout ratio is 67.11%.

COPYRIGHT VIOLATION NOTICE: "Candriam Luxembourg S.C.A". The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Following the completion of the sale, the executive vice president now owns 71,836 shares of the company's stock, valued at approximately $6,476,015.40. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & global trademark & copyright laws. Evercore ISI upgraded shares of Camden Property Trust from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $87.00 to $90.00 in a research report on Thursday, May 18th. Morgan Stanley raised its stake in Camden Property Trust by 35.4% in the first quarter. BMO Capital Markets set a $81.00 target price on shares of Camden Property Trust and gave the company a hold rating in a research note on Thursday, May 4th. 16,118 Camden Property Trust (NYSE:CPT) shares with value of $1.37 million were sold by Sengelmann William W. $194,141 worth of Camden Property Trust (NYSE:CPT) was sold by PAULSEN WILLIAM F on Tuesday, June 13. BTIG analysis lifted Camden Property Trust from a "neutral" recommendation to a "buy" recommendation and fixed a $90.00 price objective on the company shares in a study note on early Mon, Apr 24th. They noted that the move was a valuation call. The correct version of this article can be read at https://www.thestockobserver.com/2017/08/12/fy2017-eps-estimates-for-camden-property-trust-increased-by-analyst-nysecpt.html. 371,550 shares of the company's stock traded hands. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Camden Property Trust presently has an average rating of "Hold" and a consensus target price of $88.42. Malcolm Stewart let go of 11,174 shares at an average price of $89.75 on August 8th. The disclosure for this sale can be found here. The Company is involved in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. Following the sale, the executive vice president now directly owns 56,783 shares of the company's stock, valued at approximately $5,099,681.23. 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.

Moreover, Nuveen Asset Mngmt has 0.52% invested in Camden Property Trust (NYSE:CPT). Nationwide Fund Advisors bolstered its holdings by buying 2,067 shares an increase of 1.3% from 03/31/2017 to 06/30/2017.

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