Pendal Group Ltd trimmed its position in shares of Camden Property Trust (NYSE:CPT) by 9.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,300 shares of the real estate investment trust’s stock after selling 1,800 shares during the period. Pendal Group Ltd’s holdings in Camden Property Trust were worth $1,525,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Allianz Asset Management GmbH grew its holdings in shares of Camden Property Trust by 618.9% in the first quarter. Allianz Asset Management GmbH now owns 235,048 shares of the real estate investment trust’s stock valued at $19,786,000 after purchasing an additional 202,354 shares in the last quarter. IFM Investors Pty Ltd purchased a new position in shares of Camden Property Trust in the second quarter valued at $227,000. Xact Kapitalforvaltning AB grew its holdings in shares of Camden Property Trust by 20.7% in the second quarter. Xact Kapitalforvaltning AB now owns 23,325 shares of the real estate investment trust’s stock valued at $2,126,000 after purchasing an additional 4,000 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Camden Property Trust by 19.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 37,202 shares of the real estate investment trust’s stock valued at $3,390,000 after purchasing an additional 6,041 shares in the last quarter. Finally, Alpha Windward LLC grew its holdings in shares of Camden Property Trust by 3,483.9% in the second quarter. Alpha Windward LLC now owns 6,451 shares of the real estate investment trust’s stock valued at $588,000 after purchasing an additional 6,271 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.
In other news, Director William B. Mcguire sold 2,190 shares of Camden Property Trust stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $92.60, for a total transaction of $202,794.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Alexander J. Jessett sold 9,674 shares of Camden Property Trust stock in a transaction on Friday, August 17th. The stock was sold at an average price of $94.61, for a total value of $915,257.14. Following the sale, the chief financial officer now owns 58,012 shares of the company’s stock, valued at $5,488,515.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 247,921 shares of company stock valued at $23,290,722. Corporate insiders own 4.70% of the company’s stock.
CPT has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Barclays reissued a “hold” rating and issued a $87.00 target price on shares of Camden Property Trust in a report on Sunday, October 14th. Capital One Financial initiated coverage on shares of Camden Property Trust in a report on Monday, October 22nd. They issued an “equal weight” rating and a $96.00 target price for the company. ValuEngine raised shares of Camden Property Trust from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Scotiabank assumed coverage on shares of Camden Property Trust in a research note on Tuesday, October 16th. They set a “sector perform” rating for the company. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $94.59.
NYSE CPT opened at $92.54 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.66. The firm has a market cap of $8.60 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 2.94 and a beta of 0.30. Camden Property Trust has a 52 week low of $78.19 and a 52 week high of $95.67.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.79). The firm had revenue of $241.77 million for the quarter, compared to analysts’ expectations of $238.79 million. Camden Property Trust had a return on equity of 5.94% and a net margin of 21.81%. Analysts predict that Camden Property Trust will post 4.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 17th. Stockholders of record on Friday, September 28th were given a dividend of $0.77 per share. The ex-dividend date was Thursday, September 27th. This represents a $3.08 annualized dividend and a dividend yield of 3.33%. Camden Property Trust’s dividend payout ratio (DPR) is 67.99%.
About Camden Property Trust
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 158 properties containing 54,181 apartment homes across the United States.
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