Camden Property Trust (CPT) Holdings Increased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Camden Property Trust (NYSE:CPT) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,449 shares of the real estate investment trust’s stock after purchasing an additional 2,891 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Camden Property Trust were worth $2,769,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CPT. Oregon Public Employees Retirement Fund raised its stake in Camden Property Trust by 8,705.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 3,169,926 shares during the period. BlackRock Inc. raised its stake in Camden Property Trust by 3.9% during the 4th quarter. BlackRock Inc. now owns 12,776,516 shares of the real estate investment trust’s stock valued at $1,124,973,000 after purchasing an additional 481,528 shares during the period. Bank of Montreal Can raised its stake in Camden Property Trust by 5,077.4% during the 4th quarter. Bank of Montreal Can now owns 315,511 shares of the real estate investment trust’s stock valued at $27,781,000 after purchasing an additional 309,417 shares during the period. Strs Ohio raised its stake in Camden Property Trust by 216.5% during the 4th quarter. Strs Ohio now owns 391,146 shares of the real estate investment trust’s stock valued at $34,440,000 after purchasing an additional 267,579 shares during the period. Finally, WINTON GROUP Ltd raised its stake in Camden Property Trust by 672.2% during the 4th quarter. WINTON GROUP Ltd now owns 265,771 shares of the real estate investment trust’s stock valued at $23,401,000 after purchasing an additional 231,353 shares during the period. 92.94% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Mizuho raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Wednesday, January 23rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $95.00 price target on shares of Camden Property Trust in a research note on Thursday, January 31st. Janney Montgomery Scott raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Wednesday, December 19th. Finally, Robert W. Baird raised shares of Camden Property Trust from a “neutral” rating to an “outperform” rating and set a $100.00 price target on the stock in a research note on Tuesday, November 20th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Camden Property Trust presently has a consensus rating of “Buy” and a consensus target price of $98.50.

In related news, Director William F. Paulsen sold 2,890 shares of the company’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $97.17, for a total value of $280,821.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William F. Paulsen sold 11,344 shares of the company’s stock in a transaction on Friday, December 21st. The stock was sold at an average price of $89.38, for a total transaction of $1,013,926.72. Following the completion of the sale, the director now owns 2,890 shares of the company’s stock, valued at $258,308.20. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

Shares of NYSE:CPT opened at $100.77 on Friday. The firm has a market capitalization of $9.74 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 3.24 and a beta of 0.54. Camden Property Trust has a 1 year low of $80.81 and a 1 year high of $101.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.33 and a quick ratio of 0.33.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, January 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.81). The business had revenue of $244.92 million during the quarter, compared to the consensus estimate of $243.35 million. Camden Property Trust had a return on equity of 4.56% and a net margin of 16.36%. As a group, equities analysts anticipate that Camden Property Trust will post 5.06 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 29th will be issued a $0.80 dividend. The ex-dividend date is Thursday, March 28th. This is a boost from Camden Property Trust’s previous quarterly dividend of $0.77. This represents a $3.20 dividend on an annualized basis and a yield of 3.18%. Camden Property Trust’s dividend payout ratio is currently 64.57%.

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Camden Property Trust 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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