Klingman & Associates LLC Invests $204,000 in Camden Property Trust (NYSE:CPT)

Klingman & Associates LLC bought a new position in Camden Property Trust (NYSE:CPT) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 2,056 shares of the real estate investment trust’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale boosted its holdings in shares of Camden Property Trust by 0.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 97,859 shares of the real estate investment trust’s stock worth $9,272,000 after purchasing an additional 317 shares during the period. MBB Public Markets I LLC boosted its holdings in shares of Camden Property Trust by 201.2% in the 3rd quarter. MBB Public Markets I LLC now owns 235,013 shares of the real estate investment trust’s stock worth $22,228,000 after purchasing an additional 156,985 shares during the period. Bank of Nova Scotia boosted its holdings in shares of Camden Property Trust by 13.8% in the 3rd quarter. Bank of Nova Scotia now owns 10,519 shares of the real estate investment trust’s stock worth $995,000 after purchasing an additional 1,277 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Camden Property Trust by 8.7% in the 4th quarter. Nordea Investment Management AB now owns 61,057 shares of the real estate investment trust’s stock worth $6,084,000 after purchasing an additional 4,885 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Camden Property Trust by 205.2% in the 4th quarter. SG Americas Securities LLC now owns 27,664 shares of the real estate investment trust’s stock worth $2,747,000 after purchasing an additional 18,599 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CPT shares. StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Mizuho dropped their price objective on Camden Property Trust from $103.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Royal Bank of Canada restated an “outperform” rating and set a $103.00 price objective on shares of Camden Property Trust in a report on Monday, February 5th. Morgan Stanley boosted their price objective on Camden Property Trust from $95.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. Finally, The Goldman Sachs Group started coverage on Camden Property Trust in a report on Thursday, February 22nd. They set a “buy” rating and a $112.00 price objective for the company. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $104.29.

Camden Property Trust Trading Down 2.0 %

CPT opened at $97.94 on Friday. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 3.75 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04. The stock has a fifty day moving average price of $96.78 and a 200-day moving average price of $95.01.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The company had revenue of $387.59 million for the quarter, compared to analyst estimates of $387.33 million. During the same period in the prior year, the company posted $1.74 EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Camden Property Trust will post 6.73 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 29th will be given a dividend of $1.03 per share. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 4.21%. The ex-dividend date is Wednesday, March 27th. Camden Property Trust’s dividend payout ratio is currently 111.35%.

About Camden Property Trust

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,634 apartment homes across the United States.