Camden Property Trust (NYSE:CPT) Shares Bought by Credit Suisse AG

Paterniano Del Favero
Luglio 20, 2017

United Services Automobile Association increased its position in Camden Property Trust by 325.0% in the first quarter.

Other institutional investors have also modified their holdings of the company.

COPYRIGHT VIOLATION WARNING: "Four Corners Property Trust, Inc". Principal Financial Group Inc. now owns 363,079 shares of the real estate investment trust's stock worth $29,213,000 after buying an additional 10,573 shares during the last quarter. Its real estate operations segment consists of rental revenues primarily generated by leasing restaurant properties to tenants through triple-net lease arrangements under which the tenant is primarily responsible for ongoing costs relating to the properties. Capstone Asset Management Co. now owns 46,323 shares of the real estate investment trust's stock worth $3,727,000 after buying an additional 38,128 shares in the last quarter. AQR Capital Management LLC raised its stake in Camden Property Trust by 74.7% in the first quarter. Creative Planning now owns 2,638 shares of the real estate investment trust's stock valued at $212,000 after buying an additional 80 shares during the period. The investment objective of the Company is to provide ordinary shareholders with an attractive level of income together with the potential for capital and income growth from investing in the United Kingdom commercial property portfolio. Moreover, Axa has 0% invested in Camden Property Trust (NYSE:CPT).

The company is trading up by 0.72% since yesterday's close of $25.08. The company's 50-day moving average is $24.71 and its 200-day moving average is $22.43. The firm has a market capitalization of $7.60 billion, a P/E ratio of 9.68 and a beta of 0.37.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, May 4th. As of the latest earnings report the EPS was $1.30 and is estimated to be $1.03 for the current year with 60,023,000 shares now outstanding. The business had revenue of $219.50 million during the quarter, compared to analysts' expectations of $218.19 million. The business's revenue was up.9% on a year-over-year basis. During the same period a year ago, the company earned $1.20 EPS.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Wednesday, June 28th. Four Corners Property Trust's dividend payout ratio (DPR) is now 74.62%.

ILLEGAL ACTIVITY NOTICE: "PNC Financial Services Group Inc". F&C Commercial Property Trust Ltd (LON:FCPT) has 0.00% since July 19, 2016 and is. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of US & global copyright & trademark law. The correct version of this piece can be read at https://www.thestockobserver.com/2017/07/19/camden-property-trust-cpt-shares-bought-by-credit-suisse-ag-updated-updated-updated.html.

Several equities research analysts have weighed in on CPT shares. They noted that the move was a valuation call. They issued a "hold" rating and a $26.00 price target for the company. Finally, Royal Bank Of Canada reissued a "buy" rating on shares of Camden Property Trust in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company's stock.

In other news, Director William F. Paulsen sold 2,227 shares of the firm's stock in a transaction that occurred on Tuesday, June 13th.

On 5/25/2016 Paul E Szurek, Director, bought 1,202 with an average share price of $19.45 per share and the total transaction amounting to $23,378.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. On Thursday, August 4 the stock rating was maintained by Citigroup with "Neutral". The real estate investment trust reported $1.09 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.10 by $0.01. The Firm is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities.

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