Camden Property Trust (CPT) Stake Lifted by Barclays PLC

Barclays PLC lifted its stake in shares of Camden Property Trust (NYSE:CPT) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,466 shares of the real estate investment trust’s stock after acquiring an additional 5,552 shares during the period. Barclays PLC owned 0.20% of Camden Property Trust worth $16,508,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Bbva Compass Bancshares Inc. lifted its holdings in shares of Camden Property Trust by 4.8% during the 4th quarter. Bbva Compass Bancshares Inc. now owns 2,637 shares of the real estate investment trust’s stock worth $232,000 after acquiring an additional 120 shares during the period. Rehmann Capital Advisory Group raised its holdings in Camden Property Trust by 71.7% in the fourth quarter. Rehmann Capital Advisory Group now owns 297 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 124 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Camden Property Trust by 1.0% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,569 shares of the real estate investment trust’s stock valued at $1,371,000 after buying an additional 150 shares during the period. Cigna Investments Inc. New raised its holdings in Camden Property Trust by 6.1% in the fourth quarter. Cigna Investments Inc. New now owns 2,711 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 155 shares during the period. Finally, First Hawaiian Bank raised its holdings in Camden Property Trust by 7.6% in the fourth quarter. First Hawaiian Bank now owns 3,271 shares of the real estate investment trust’s stock valued at $288,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 92.94% of the company’s stock.

In other Camden Property Trust news, Director William F. Paulsen sold 11,344 shares of the stock in a transaction that occurred on Friday, December 21st. The shares were sold at an average price of $89.38, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William F. Paulsen sold 2,890 shares of the stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $97.17, for a total transaction of $280,821.30. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.

Shares of NYSE:CPT opened at $100.77 on Friday. 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 has a 52-week low of $80.81 and a 52-week high of $101.99. The company has a market capitalization of $9.74 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 3.24 and a beta of 0.54.

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 Thomson Reuters’ consensus estimate of $1.22 by ($0.81). Camden Property Trust had a net margin of 16.36% and a return on equity of 4.56%. The firm had revenue of $244.92 million during the quarter, compared to analyst estimates of $243.35 million. On average, analysts anticipate that Camden Property Trust will post 5.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th will be given a $0.80 dividend. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $3.20 annualized dividend and a yield of 3.18%. Camden Property Trust’s dividend payout ratio (DPR) is 64.57%.

CPT has been the topic of several research reports. Janney Montgomery Scott upgraded 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 report on Wednesday, December 19th. Mizuho upgraded 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 report on Wednesday, January 23rd. Citigroup set a $100.00 price target on shares of Camden Property Trust and gave the company a “hold” rating in a report on Tuesday, February 5th. Barclays upgraded shares of Camden Property Trust from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $87.00 to $106.00 in a report on Monday, February 4th. Finally, BMO Capital Markets restated a “buy” rating and issued a $95.00 price target on shares of Camden Property Trust in a report on Thursday, January 31st. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $98.50.

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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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