Nisa Investment Advisors LLC decreased its position in Four Corners Property Trust, Inc. (NYSE:FCPT – Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 36,288 shares of the financial services provider’s stock after selling 1,965 shares during the period. Nisa Investment Advisors LLC’s holdings in Four Corners Property Trust were worth $918,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the company. Belpointe Asset Management LLC raised its holdings in shares of Four Corners Property Trust by 1,120.0% in the first quarter. Belpointe Asset Management LLC now owns 915 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 840 shares during the last quarter. Fortis Capital Advisors LLC grew its position in Four Corners Property Trust by 18,200.0% in the first quarter. Fortis Capital Advisors LLC now owns 915 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 910 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Four Corners Property Trust in the 2nd quarter valued at $33,000. Lazard Asset Management LLC bought a new stake in Four Corners Property Trust during the 3rd quarter worth about $52,000. Finally, Quantbot Technologies LP lifted its position in Four Corners Property Trust by 72.4% during the 1st quarter. Quantbot Technologies LP now owns 2,559 shares of the financial services provider’s stock worth $69,000 after buying an additional 1,075 shares in the last quarter. Institutional investors own 98.66% of the company’s stock.
Four Corners Property Trust Stock Performance
Shares of FCPT opened at $23.24 on Tuesday. The company has a market cap of $2.14 billion, a PE ratio of 21.52 and a beta of 1.00. The firm has a 50-day moving average of $23.85 and a 200-day moving average of $23.54. Four Corners Property Trust, Inc. has a one year low of $20.51 and a one year high of $27.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.12 and a quick ratio of 0.12.
Four Corners Property Trust (NYSE:FCPT – Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). The business had revenue of $65.14 million for the quarter, compared to the consensus estimate of $65.23 million. Four Corners Property Trust had a return on equity of 7.78% and a net margin of 38.04%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. As a group, equities analysts forecast that Four Corners Property Trust, Inc. will post 1.64 earnings per share for the current year.
Four Corners Property Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date was Wednesday, March 27th. Four Corners Property Trust’s payout ratio is presently 127.78%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their target price on Four Corners Property Trust from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, February 20th. Raymond James lowered their price target on Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Monday, January 8th.
Get Our Latest Research Report on FCPT
Four Corners Property Trust Profile
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.
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International Assets Investment Management LLC purchased a new stake in Camden Property Trust (NYSE:CPT – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm purchased 91,554 shares of the real estate investment trust’s stock, valued at approximately $90,900,000.
A number of other institutional investors and hedge funds have also made changes to their positions in CPT. Bessemer Group Inc. raised its stake in shares of Camden Property Trust by 57.0% during the 4th quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 94 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Camden Property Trust by 60.8% in the third quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 144 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new position in Camden Property Trust in the fourth quarter worth $45,000. Belpointe Asset Management LLC increased its position in shares of Camden Property Trust by 175.5% during the first quarter. Belpointe Asset Management LLC now owns 449 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 286 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Camden Property Trust by 100.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 445 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 223 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CPT has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Camden Property Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $90.00 target price on the stock. BMO Capital Markets restated a “market perform” rating and set a $100.00 price target on shares of Camden Property Trust in a research note on Friday, December 15th. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Thursday. Truist Financial reissued a “buy” rating and set a $113.00 target price (down previously from $121.00) on shares of Camden Property Trust in a research report on Wednesday, March 13th. Finally, Barclays cut shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $138.00 to $100.00 in a report on Tuesday, February 20th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $104.24.
View Our Latest Research Report on Camden Property Trust
Camden Property Trust Price Performance
Shares of CPT opened at $96.62 on Friday. The business’s 50-day moving average is $96.24 and its two-hundred day moving average is $94.93. The company has a market capitalization of $10.52 billion, a P/E ratio of 26.11, a P/E/G ratio of 3.58 and a beta of 0.83. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $114.04. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88.
Camden Property Trust (NYSE:CPT – Get Free Report) last issued its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.31. The firm had revenue of $387.59 million for the quarter, compared to the consensus estimate of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.74 earnings per share. Research analysts predict that Camden Property Trust will post 6.75 earnings per share for the current year.
Camden Property Trust Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 4.26%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.00. The ex-dividend date is Wednesday, March 27th. Camden Property Trust’s payout ratio is 111.35%.
About Camden Property Trust
Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,634 apartment homes across the United States.
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Gateway Investment Advisers LLC lessened its stake in shares of Simon Property Group, Inc. (NYSE:SPG – Free Report) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,391 shares of the real estate investment trust’s stock after selling 77 shares during the period. Gateway Investment Advisers LLC’s holdings in Simon Property Group were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Arlington Trust Co LLC bought a new position in shares of Simon Property Group during the 3rd quarter valued at about $25,000. DT Investment Partners LLC lifted its holdings in shares of Simon Property Group by 714.3% in the 3rd quarter. DT Investment Partners LLC now owns 228 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. Selway Asset Management bought a new position in shares of Simon Property Group in the 3rd quarter valued at about $26,000. Financial Freedom LLC bought a new position in shares of Simon Property Group in the 4th quarter valued at about $27,000. Finally, Tyler Stone Wealth Management bought a new position in shares of Simon Property Group in the 2nd quarter valued at about $27,000. Institutional investors own 84.73% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on SPG. Morgan Stanley increased their price target on shares of Simon Property Group from $143.00 to $145.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. Piper Sandler increased their price target on shares of Simon Property Group from $148.00 to $172.00 and gave the company an “overweight” rating in a report on Wednesday, December 20th. Truist Financial increased their price target on shares of Simon Property Group from $128.00 to $139.00 and gave the company a “hold” rating in a report on Tuesday, January 16th. Evercore ISI increased their price target on shares of Simon Property Group from $142.00 to $150.00 and gave the company an “in-line” rating in a report on Wednesday, February 28th. Finally, The Goldman Sachs Group increased their price target on shares of Simon Property Group from $144.00 to $161.00 and gave the company a “buy” rating in a report on Thursday, December 21st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $139.33.
Check Out Our Latest Stock Report on SPG
Simon Property Group Stock Performance
Shares of NYSE:SPG opened at $155.47 on Thursday. The firm’s 50 day simple moving average is $146.36 and its 200-day simple moving average is $129.95. The company has a debt-to-equity ratio of 7.54, a quick ratio of 1.77 and a current ratio of 1.77. Simon Property Group, Inc. has a one year low of $100.17 and a one year high of $155.81. The firm has a market cap of $50.67 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 8.10 and a beta of 1.65.
Simon Property Group (NYSE:SPG – Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The real estate investment trust reported $2.29 earnings per share for the quarter, missing the consensus estimate of $3.34 by ($1.05). Simon Property Group had a net margin of 42.30% and a return on equity of 70.97%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the firm posted $3.15 EPS. The business’s revenue was up 9.1% on a year-over-year basis. As a group, equities analysts predict that Simon Property Group, Inc. will post 12.04 EPS for the current year.
Simon Property Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 8th will be paid a dividend of $1.95 per share. This represents a $7.80 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend is Thursday, March 7th. This is an increase from Simon Property Group’s previous quarterly dividend of $1.90. Simon Property Group’s payout ratio is currently 111.75%.
Simon Property Group announced that its board has authorized a stock buyback plan on Thursday, February 8th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the real estate investment trust to buy up to 4.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
About Simon Property Group
Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.
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Bruce G. Allen Investments LLC bought a new stake in Essex Property Trust, Inc. (NYSE:ESS – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 164 shares of the real estate investment trust’s stock, valued at approximately $41,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its holdings in Essex Property Trust by 100.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 120 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 60 shares during the last quarter. Clear Street Markets LLC increased its holdings in Essex Property Trust by 89.4% during the first quarter. Clear Street Markets LLC now owns 125 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 59 shares during the last quarter. Pacific Center for Financial Services purchased a new stake in Essex Property Trust during the first quarter worth about $30,000. Advisory Services Network LLC purchased a new stake in Essex Property Trust during the first quarter worth about $32,000. Finally, Lazard Asset Management LLC increased its holdings in Essex Property Trust by 25.3% during the first quarter. Lazard Asset Management LLC now owns 243 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 92.93% of the company’s stock.
Essex Property Trust Stock Up 1.9 %
Shares of NYSE ESS opened at $240.59 on Thursday. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 1.11. Essex Property Trust, Inc. has a 52 week low of $195.03 and a 52 week high of $252.85. The firm’s fifty day moving average is $236.61 and its 200 day moving average is $228.08. The company has a market cap of $15.45 billion, a price-to-earnings ratio of 38.13, a PEG ratio of 3.09 and a beta of 0.79.
Essex Property Trust Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be paid a $2.45 dividend. This represents a $9.80 annualized dividend and a dividend yield of 4.07%. This is an increase from Essex Property Trust’s previous quarterly dividend of $2.31. The ex-dividend date is Wednesday, March 27th. Essex Property Trust’s payout ratio is presently 146.43%.
Analysts Set New Price Targets
A number of analysts recently issued reports on the stock. Truist Financial raised their price objective on shares of Essex Property Trust from $260.00 to $276.00 and gave the stock a “hold” rating in a report on Tuesday, January 16th. Morgan Stanley increased their target price on shares of Essex Property Trust from $227.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. StockNews.com lowered shares of Essex Property Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Essex Property Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $240.00 target price for the company. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $227.00 target price on shares of Essex Property Trust in a research report on Thursday, February 22nd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $243.58.
Get Our Latest Stock Analysis on ESS
Essex Property Trust Company Profile
Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.
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Anchor Investment Management LLC purchased a new stake in shares of Simon Property Group, Inc. (NYSE:SPG – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 325 shares of the real estate investment trust’s stock, valued at approximately $46,000.
Other large investors have also recently bought and sold shares of the company. Arlington Trust Co LLC bought a new stake in Simon Property Group in the third quarter valued at approximately $25,000. DT Investment Partners LLC raised its stake in Simon Property Group by 714.3% in the third quarter. DT Investment Partners LLC now owns 228 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 200 shares during the period. Selway Asset Management bought a new stake in Simon Property Group in the third quarter valued at approximately $26,000. Financial Freedom LLC bought a new stake in Simon Property Group in the fourth quarter valued at approximately $27,000. Finally, Tyler Stone Wealth Management bought a new position in shares of Simon Property Group during the second quarter worth approximately $27,000. 84.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on SPG shares. Piper Sandler increased their target price on Simon Property Group from $148.00 to $172.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 20th. The Goldman Sachs Group increased their target price on Simon Property Group from $144.00 to $161.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. StockNews.com upgraded Simon Property Group from a “hold” rating to a “buy” rating in a research note on Friday, January 19th. Evercore ISI increased their target price on Simon Property Group from $142.00 to $150.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 28th. Finally, Truist Financial increased their target price on Simon Property Group from $128.00 to $139.00 and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $139.33.
View Our Latest Analysis on Simon Property Group
Simon Property Group Trading Up 1.4 %
Shares of NYSE:SPG opened at $154.10 on Wednesday. The company has a market capitalization of $50.22 billion, a P/E ratio of 22.08, a P/E/G ratio of 7.99 and a beta of 1.65. Simon Property Group, Inc. has a 1 year low of $100.17 and a 1 year high of $154.21. The company has a debt-to-equity ratio of 7.54, a current ratio of 1.77 and a quick ratio of 1.77. The business’s 50 day simple moving average is $146.36 and its 200 day simple moving average is $129.95.
Simon Property Group (NYSE:SPG – Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The real estate investment trust reported $2.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.34 by ($1.05). The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.38 billion. Simon Property Group had a return on equity of 70.97% and a net margin of 42.30%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.15 EPS. On average, research analysts anticipate that Simon Property Group, Inc. will post 12.04 EPS for the current fiscal year.
Simon Property Group Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be issued a $1.95 dividend. This represents a $7.80 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Thursday, March 7th. This is an increase from Simon Property Group’s previous quarterly dividend of $1.90. Simon Property Group’s dividend payout ratio (DPR) is currently 111.75%.
Simon Property Group announced that its Board of Directors has authorized a share buyback plan on Thursday, February 8th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to buy up to 4.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Simon Property Group Company Profile
Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.
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