Virginia Retirement Systems ET AL Has $6.07 Million Stake in Camden Property Trust (CPT)

Virginia Retirement Systems ET AL lowered its holdings in shares of Camden Property Trust (NYSE:CPT) by 10.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 64,900 shares of the real estate investment trust’s stock after selling 7,700 shares during the period. Virginia Retirement Systems ET AL owned about 0.07% of Camden Property Trust worth $6,073,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in shares of Camden Property Trust by 1,495.0% during the second quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 1,196 shares during the last quarter. Redpoint Investment Management Pty Ltd bought a new position in Camden Property Trust during the second quarter worth $206,000. First Mercantile Trust Co. bought a new position in Camden Property Trust during the second quarter worth $225,000. IFM Investors Pty Ltd bought a new position in Camden Property Trust during the second quarter worth $227,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in Camden Property Trust by 109.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,424 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 1,268 shares during the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

In other Camden Property Trust news, CFO Alexander J. Jessett sold 9,674 shares of Camden Property Trust stock in a transaction on Friday, August 17th. The shares were sold at an average price of $94.61, for a total value of $915,257.14. Following the completion of the sale, the chief financial officer now directly owns 58,012 shares of the company’s stock, valued at $5,488,515.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP William W. Sengelmann sold 31,895 shares of Camden Property Trust stock in a transaction on Friday, August 17th. The shares were sold at an average price of $94.42, for a total transaction of $3,011,525.90. Following the completion of the sale, the executive vice president now directly owns 78,276 shares of the company’s stock, valued at $7,390,819.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 247,921 shares of company stock valued at $23,290,722. Insiders own 4.70% of the company’s stock.

CPT opened at $92.54 on Friday. Camden Property Trust has a 1-year low of $78.19 and a 1-year high of $95.67. 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 capitalization of $8.60 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 2.94 and a beta of 0.30.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.79). Camden Property Trust had a net margin of 21.81% and a return on equity of 5.94%. The company had revenue of $241.77 million during the quarter, compared to the consensus estimate of $238.79 million. On average, equities analysts predict that Camden Property Trust will post 4.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 17th. Shareholders of record on Friday, September 28th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, September 27th. Camden Property Trust’s dividend payout ratio (DPR) is currently 67.99%.

A number of brokerages recently weighed in on CPT. Zacks Investment Research downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. Citigroup lifted their target price on shares of Camden Property Trust from $95.00 to $96.00 and gave the stock a “hold” rating in a research note on Tuesday, October 30th. Wells Fargo & Co set a $99.00 target price on shares of Camden Property Trust and gave the stock a “hold” rating in a research note on Tuesday. Royal Bank of Canada lifted their target price on shares of Camden Property Trust to $97.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 14th. Finally, SunTrust Banks lifted their target price on shares of Camden Property Trust to $95.00 and gave the stock an “average” rating in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Eleven investment 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. Camden Property Trust has an average rating of “Buy” and a consensus target price of $94.59.

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

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