Fmr LLC boosted its holdings in Camden Property Trust (NYSE:CPT) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,817,141 shares of the real estate investment trust’s stock after buying an additional 57,110 shares during the quarter. Fmr LLC owned 1.95% of Camden Property Trust worth $170,030,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of CPT. Centersquare Investment Management LLC raised its position in Camden Property Trust by 13.0% in the 2nd quarter. Centersquare Investment Management LLC now owns 2,481,175 shares of the real estate investment trust’s stock worth $226,110,000 after buying an additional 285,268 shares during the last quarter. Voya Investment Management LLC raised its position in Camden Property Trust by 1,134.5% in the 2nd quarter. Voya Investment Management LLC now owns 301,756 shares of the real estate investment trust’s stock worth $27,499,000 after buying an additional 277,313 shares during the last quarter. BlackRock Inc. raised its position in Camden Property Trust by 2.1% in the 3rd quarter. BlackRock Inc. now owns 12,294,988 shares of the real estate investment trust’s stock worth $1,150,442,000 after buying an additional 247,431 shares during the last quarter. Standard Life Aberdeen plc purchased a new position in Camden Property Trust in the 2nd quarter worth about $21,565,000. Finally, Alliancebernstein L.P. raised its position in Camden Property Trust by 18.1% in the 3rd quarter. Alliancebernstein L.P. now owns 1,417,935 shares of the real estate investment trust’s stock worth $132,676,000 after buying an additional 216,911 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on the company. Robert W. Baird raised Camden Property Trust from a “neutral” rating to an “outperform” rating and set a $100.00 target price for the company in a research report on Tuesday, November 20th. Zacks Investment Research lowered Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. Wells Fargo & Co set a $99.00 target price on Camden Property Trust and gave the stock a “hold” rating in a research report on Tuesday, November 6th. Citigroup boosted their price target on Camden Property Trust from $95.00 to $96.00 and gave the company a “hold” rating in a research note on Tuesday, October 30th. Finally, ValuEngine upgraded Camden Property Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Ten research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Camden Property Trust has an average rating of “Buy” and a consensus target price of $95.29.
Camden Property Trust stock opened at $92.93 on Friday. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 2.95 and a beta of 0.36. Camden Property Trust has a 52-week low of $78.19 and a 52-week 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.
Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.79). The firm had revenue of $241.77 million for the quarter, compared to the consensus estimate of $238.79 million. Camden Property Trust had a net margin of 21.81% and a return on equity of 5.94%. On average, sell-side analysts expect that Camden Property Trust will post 4.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Monday, December 17th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.31%. Camden Property Trust’s dividend payout ratio is currently 67.99%.
In related news, Director William B. Mcguire sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $92.60, for a total transaction of $202,794.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard J. Campo sold 63,000 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $94.69, for a total value of $5,965,470.00. Following the transaction, the chief executive officer now owns 230,393 shares of the company’s stock, valued at $21,815,913.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,505 shares of company stock valued at $8,947,652. 4.70% of the stock is currently owned by corporate insiders.
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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 159 properties containing 54,480 apartment homes across the United States.
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