Virtu KCG Holdings LLC Purchases 4,846 Shares of Camden Property Trust (CPT)
Virtu KCG Holdings LLC raised its position in shares of Camden Property Trust (NYSE:CPT) by 119.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,890 shares of the real estate investment trust’s stock after buying an additional 4,846 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Camden Property Trust were worth $760,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Sawtooth Solutions LLC lifted its position in Camden Property Trust by 2.7% during the second quarter. Sawtooth Solutions LLC now owns 2,701 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 72 shares during the period. PNC Financial Services Group Inc. lifted its position in Camden Property Trust by 0.8% during the second quarter. PNC Financial Services Group Inc. now owns 12,989 shares of the real estate investment trust’s stock valued at $1,111,000 after buying an additional 97 shares during the period. Utah Retirement Systems lifted its position in Camden Property Trust by 0.7% during the second quarter. Utah Retirement Systems now owns 20,253 shares of the real estate investment trust’s stock valued at $1,732,000 after buying an additional 139 shares during the period. World Asset Management Inc lifted its position in Camden Property Trust by 2.2% during the second quarter. World Asset Management Inc now owns 6,816 shares of the real estate investment trust’s stock valued at $583,000 after buying an additional 146 shares during the period. Finally, GAM Holding AG lifted its position in Camden Property Trust by 1.3% during the second quarter. GAM Holding AG now owns 12,982 shares of the real estate investment trust’s stock valued at $1,110,000 after buying an additional 168 shares during the period. 90.58% of the stock is owned by institutional investors and hedge funds.
Shares of Camden Property Trust (NYSE CPT) opened at 92.25 on Thursday. The company has a market capitalization of $8.09 billion, a P/E ratio of 20.64 and a beta of 0.41. The company has a 50-day moving average price of $91.76 and a 200 day moving average price of $86.52. Camden Property Trust has a 12-month low of $75.36 and a 12-month high of $96.39.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The firm had revenue of $222.40 million during the quarter, compared to analysts’ expectations of $222.44 million. Camden Property Trust had a return on equity of 13.17% and a net margin of 46.10%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 EPS. On average, equities analysts anticipate that Camden Property Trust will post $1.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Thursday, September 28th. Camden Property Trust’s dividend payout ratio (DPR) is presently 67.11%.
In other Camden Property Trust news, EVP William W. Sengelmann sold 5,085 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $90.15, for a total value of $458,412.75. Following the completion of the sale, the executive vice president now directly owns 71,836 shares in the company, valued at $6,476,015.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Alexander J. Jessett sold 11,788 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.81, for a total value of $1,058,680.28. Following the completion of the sale, the executive vice president now owns 56,783 shares of the company’s stock, valued at $5,099,681.23. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,584 shares of company stock valued at $10,618,035. 4.70% of the stock is currently owned by company insiders.
Several equities analysts have commented on CPT shares. Royal Bank Of Canada raised their price objective on Camden Property Trust from $91.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. BidaskClub raised Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $93.00 price target on shares of Camden Property Trust in a research report on Wednesday. KeyCorp lifted their price target on Camden Property Trust from $93.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, September 15th. Finally, Sandler O’Neill raised Camden Property Trust from a “hold” rating to a “buy” rating and lifted their price target for the stock from $93.00 to $105.00 in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $92.20.
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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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