Gerstein Fisher Has $520,000 Stake in Camden Property Trust (CPT), Report finds

Gerstein Fisher Has $520,000 Stake in Camden Property Trust (CPT), Report finds

Gerstein Fisher maintained its position in Camden Property Trust (NYSE:CPT) during the third quarter, Holdings Channel reports. The institutional investor owned 6,208 shares of the real estate investment trust’s stock at the end of the third quarter. Gerstein Fisher’s holdings in Camden Property Trust were worth $520,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPT. Cohen & Steers Inc. increased its position in Camden Property Trust by 1,532.7% in the second quarter. Cohen & Steers Inc. now owns 4,557,918 shares of the real estate investment trust’s stock valued at $403,011,000 after buying an additional 4,278,755 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Camden Property Trust by 64.9% in the third quarter. Daiwa Securities Group Inc. now owns 4,311,826 shares of the real estate investment trust’s stock valued at $361,072,000 after buying an additional 1,697,422 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Camden Property Trust by 19.5% in the second quarter. Bank of New York Mellon Corp now owns 2,835,096 shares of the real estate investment trust’s stock valued at $250,679,000 after buying an additional 463,446 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Camden Property Trust by 72.2% in the second quarter. Nuveen Asset Management LLC now owns 503,991 shares of the real estate investment trust’s stock valued at $44,563,000 after buying an additional 211,260 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in shares of Camden Property Trust by 4.9% in the third quarter. BlackRock Fund Advisors now owns 3,968,899 shares of the real estate investment trust’s stock valued at $332,356,000 after buying an additional 185,362 shares during the period.

Shares of Camden Property Trust (NYSE:CPT) traded down 2.34% on Wednesday, hitting $82.15. The stock had a trading volume of 1,409,835 shares. The stock has a market cap of $7.19 billion, a PE ratio of 8.86 and a beta of 0.39. The company’s 50 day moving average is $83.17 and its 200 day moving average is $82.83. Camden Property Trust has a one year low of $70.66 and a one year high of $90.91.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Tuesday, February 7th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.01. The firm earned $217.14 million during the quarter, compared to analysts’ expectations of $218.54 million. Camden Property Trust had a net margin of 94.44% and a return on equity of 15.12%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 earnings per share. Equities research analysts predict that Camden Property Trust will post $1.60 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $3.00 annualized dividend and a yield of 3.65%. Camden Property Trust’s dividend payout ratio is currently 32.40%.

Several brokerages have issued reports on CPT. Zacks Investment Research cut Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, November 30th. Mitsubishi UFJ Financial Group raised Camden Property Trust from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $72.00 to $80.00 in a research report on Thursday, January 5th. BMO Capital Markets raised Camden Property Trust from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $80.00 to $83.00 in a research report on Tuesday, December 13th. They noted that the move was a valuation call. KeyCorp cut Camden Property Trust to an “overweight” rating in a research report on Wednesday, December 21st. Finally, Bank of America Corporation raised Camden Property Trust from a “neutral” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Wednesday, November 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. Camden Property Trust currently has an average rating of “Hold” and a consensus target price of $86.67.

In other Camden Property Trust news, EVP William W. Sengelmann sold 1,540 shares of the stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $85.22, for a total value of $131,238.80. Following the completion of the transaction, the executive vice president now directly owns 77,149 shares of the company’s stock, valued at $6,574,637.78. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lewis A. Levey sold 2,931 shares of the stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $85.46, for a total transaction of $250,483.26. Following the completion of the transaction, the director now directly owns 9,721 shares of the company’s stock, valued at $830,756.66. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

Camden Property Trust Company 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. The Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.

Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPT).

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Gerstein Fisher Has $520,000 Stake in Camden Property Trust (CPT)

Gerstein Fisher Has $520,000 Stake in Camden Property Trust (CPT)

Gerstein Fisher maintained its position in Camden Property Trust (NYSE:CPT) during the third quarter, Holdings Channel reports. The institutional investor owned 6,208 shares of the real estate investment trust’s stock at the end of the third quarter. Gerstein Fisher’s holdings in Camden Property Trust were worth $520,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPT. Cohen & Steers Inc. increased its position in Camden Property Trust by 1,532.7% in the second quarter. Cohen & Steers Inc. now owns 4,557,918 shares of the real estate investment trust’s stock valued at $403,011,000 after buying an additional 4,278,755 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Camden Property Trust by 64.9% in the third quarter. Daiwa Securities Group Inc. now owns 4,311,826 shares of the real estate investment trust’s stock valued at $361,072,000 after buying an additional 1,697,422 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Camden Property Trust by 19.5% in the second quarter. Bank of New York Mellon Corp now owns 2,835,096 shares of the real estate investment trust’s stock valued at $250,679,000 after buying an additional 463,446 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Camden Property Trust by 72.2% in the second quarter. Nuveen Asset Management LLC now owns 503,991 shares of the real estate investment trust’s stock valued at $44,563,000 after buying an additional 211,260 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in shares of Camden Property Trust by 4.9% in the third quarter. BlackRock Fund Advisors now owns 3,968,899 shares of the real estate investment trust’s stock valued at $332,356,000 after buying an additional 185,362 shares during the period.

Shares of Camden Property Trust (NYSE:CPT) traded down 2.34% on Wednesday, hitting $82.15. The stock had a trading volume of 1,409,835 shares. The stock has a market cap of $7.19 billion, a PE ratio of 8.86 and a beta of 0.39. The company’s 50 day moving average is $83.17 and its 200 day moving average is $82.83. Camden Property Trust has a one year low of $70.66 and a one year high of $90.91.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Tuesday, February 7th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.01. The firm earned $217.14 million during the quarter, compared to analysts’ expectations of $218.54 million. Camden Property Trust had a net margin of 94.44% and a return on equity of 15.12%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 earnings per share. Equities research analysts predict that Camden Property Trust will post $1.60 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $3.00 annualized dividend and a yield of 3.65%. Camden Property Trust’s dividend payout ratio is currently 32.40%.

Several brokerages have issued reports on CPT. Zacks Investment Research cut Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, November 30th. Mitsubishi UFJ Financial Group raised Camden Property Trust from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $72.00 to $80.00 in a research report on Thursday, January 5th. BMO Capital Markets raised Camden Property Trust from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $80.00 to $83.00 in a research report on Tuesday, December 13th. They noted that the move was a valuation call. KeyCorp cut Camden Property Trust to an “overweight” rating in a research report on Wednesday, December 21st. Finally, Bank of America Corporation raised Camden Property Trust from a “neutral” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Wednesday, November 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. Camden Property Trust currently has an average rating of “Hold” and a consensus target price of $86.67.

In other Camden Property Trust news, EVP William W. Sengelmann sold 1,540 shares of the stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $85.22, for a total value of $131,238.80. Following the completion of the transaction, the executive vice president now directly owns 77,149 shares of the company’s stock, valued at $6,574,637.78. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lewis A. Levey sold 2,931 shares of the stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $85.46, for a total transaction of $250,483.26. Following the completion of the transaction, the director now directly owns 9,721 shares of the company’s stock, valued at $830,756.66. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

Camden Property Trust Company 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. The Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.

Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPT).

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