Candriam Luxembourg SCA Invests $1.51 Million in Camden Property Trust (NYSE:CPT)

Judith Bessette
Agosto 13, 2017

Camden Property Trust's revenue for the quarter was up.4% compared to the same quarter a year ago. Morgan Stanley now owns 3,501,894 shares of the real estate investment trust's stock valued at $281,763,000 after buying an additional 915,901 shares in the last quarter. The institutional investor owned 112,984 shares of the real estate investment trust's stock after selling 13 shares during the period. Following the sale, the chief operating officer now directly owns 253,456 shares of the company's stock, valued at approximately $22,747,676. BlackRock Inc. raised its stake in Camden Property Trust by 3.1% in the second quarter. During the same period past year, the company earned $1.15 earnings per share. The firm has a market capitalization of $7.80 billion, a PE ratio of 19.92 and a beta of 0.37. Teachers Advisors LLC boosted its position in Camden Property Trust by 6.9% in the fourth quarter. Perigon Wealth Management LLC bought a new position in Camden Property Trust during the first quarter valued at approximately $110,000.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, July 27th. Candriam Luxembourg S.C.A. bought a new position in Camden Property Trust during the second quarter worth about $1,514,000. Equities research analysts predict that Camden Property Trust will post $1.81 earnings per share for the current year. 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.

Shares are trading at $89.67 a tad above $87.57, the 50 day moving average and much higher than the 200 day moving average of $83.96. Mn Services Vermogensbeheer B.V. now owns 2,333 shares of the real estate investment trust's stock worth $176,000 after buying an additional 120 shares in the last quarter. As of writing, Camden Property Trust's RSI stands at 52.83. The real estate investment trust reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. State Street Corp raised its stake in Camden Property Trust by 1.5% in the first quarter. Finally, Laurion Capital Management LP purchased a new position in Camden Property Trust during the first quarter valued at $201,000.

Camden Property Trust (NYSE CPT) traded down 0.86% during trading on Friday, hitting $89.03.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors with a record date on early Fri, Jun 30th were issued a divided of $0.75 for a share. This represents a $3.00 annualized dividend and a yield of 3.37%. Camden Property Trust's dividend payout ratio is 67.11%.

COPYRIGHT VIOLATION NOTICE: This article was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. The sale was disclosed in a legal filing with the SEC, which is accessible 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 $6,447,999.36.

These firms have also modified their investment in CPT. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and worldwide trademark and copyright legislation. Zacks upgraded Camden Property Trust (NYSE:CPT) rating on Monday, September 7.

Trent Murphy out for the season with torn ACL and MCL
This was the final year of Murphy's rookie contract, meaning he will become an unrestricted free agent at the end of the season. According to The Washington Post, Murphy will serve his suspension while injured at a loss of $185,315 of his base salary .

On May 25 the stock rating was upgraded to "Outperform" from "Market Perform" in a report issued by BMO Capital.

Camden Property Trust (NYSE:CPT) stock has moved in a downward direction this week, causing concern for some investors. Royal Bank Of Canada reaffirmed a "buy" rating and issued a $91.00 target price on shares of Camden Property Trust in a report on Sunday, July 16th. They noted that the move was a valuation call.

A number of equities analysts have issued reports on the company. Evercore ISI boosted their price target on shares of Camden Property Trust from $87.00 to $88.00 and gave the stock an "in-line" rating in a research note on Wednesday, April 19th. Two brokerage firms recommended the company shares with a sell recommendation, four have published a hold recommendation and around seven have published a buy recommendation to the firms shares. Salient Company Lta reported 0.21% in Camden Property Trust (NYSE:CPT).

In related news, EVP William W. Sengelmann sold 763 shares of the firm's stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.75, for a total value of $1,002,866.50. The disclosure for this sale can be found here. The Proshare Advisors Llc holds 24,619 shares with $1.20 million value, down from 47,302 last quarter. The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities.

Ratings analysis reveals 50% of Camden Property's analysts are positive. Also, Director William F. Paulsen sold 2,227 shares of the company's stock in a transaction on Tuesday, June 13th. 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.

Want to see what other hedge funds are holding CPT?

Outros relatórios LazerEsportes

Discuta este artigo

SIGA O NOSSO JORNAL