Honeywell International Inc. Takes Position in Camden Property Trust (NYSE:CPT)

Honeywell International Inc. acquired a new stake in Camden Property Trust (NYSE:CPT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,640 shares of the real estate investment trust’s stock, valued at approximately $2,572,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Icon Wealth Partners LLC bought a new stake in shares of Camden Property Trust in the first quarter valued at approximately $52,000. Penserra Capital Management LLC bought a new position in Camden Property Trust in the first quarter worth $58,000. Machina Capital S.A.S. bought a new position in Camden Property Trust in the second quarter worth $62,000. NEXT Financial Group Inc lifted its position in Camden Property Trust by 15.4% in the second quarter. NEXT Financial Group Inc now owns 898 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 120 shares during the period. Finally, NumerixS Investment Technologies Inc bought a new position in Camden Property Trust in the first quarter worth $122,000. 92.94% of the stock is owned by institutional investors.

Several research analysts recently commented on CPT shares. Sandler O’Neill cut Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Barclays reaffirmed a “buy” rating and issued a $108.00 target price on shares of Camden Property Trust in a research report on Tuesday, April 16th. SunTrust Banks raised their target price on Camden Property Trust to $108.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. KeyCorp raised their target price on Camden Property Trust from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Finally, DA Davidson cut Camden Property Trust from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 23rd. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $102.60.

In other news, Chairman Richard J. Campo sold 60,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $105.32, for a total value of $6,319,200.00. Following the completion of the sale, the chairman now directly owns 273,948 shares in the company, valued at $28,852,203.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William F. Paulsen sold 1,979 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $102.19, for a total value of $202,234.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 115,679 shares of company stock valued at $12,211,588. 3.40% of the stock is currently owned by corporate insiders.

Camden Property Trust stock opened at $103.94 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.94 and a debt-to-equity ratio of 0.67. The business’s fifty day moving average is $106.69. Camden Property Trust has a 52-week low of $83.67 and a 52-week high of $110.42. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of 3.10 and a beta of 0.45.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.84). Camden Property Trust had a net margin of 16.05% and a return on equity of 4.48%. The business had revenue of $255.76 million during the quarter, compared to analyst estimates of $252.76 million. During the same quarter last year, the business posted $1.00 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that Camden Property Trust will post 5.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were paid a $0.80 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.08%. Camden Property Trust’s dividend payout ratio (DPR) is presently 67.09%.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States.

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Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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