Pacer Advisors Inc. increased its holdings in shares of Camden Property Trust (NYSE:CPT) by 11.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,711 shares of the real estate investment trust’s stock after buying an additional 1,934 shares during the period. Pacer Advisors Inc.’s holdings in Camden Property Trust were worth $1,711,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CPT. Bank of New York Mellon Corp grew its holdings in Camden Property Trust by 93.7% during the third quarter. Bank of New York Mellon Corp now owns 2,365,047 shares of the real estate investment trust’s stock valued at $216,282,000 after purchasing an additional 1,144,162 shares during the period. American Century Companies Inc. acquired a new position in Camden Property Trust during the third quarter valued at approximately $65,671,000. Goldman Sachs Group Inc. grew its holdings in Camden Property Trust by 32.1% during the second quarter. Goldman Sachs Group Inc. now owns 1,312,251 shares of the real estate investment trust’s stock valued at $112,211,000 after purchasing an additional 318,689 shares during the period. BlackRock Inc. grew its holdings in Camden Property Trust by 3.1% during the second quarter. BlackRock Inc. now owns 10,451,376 shares of the real estate investment trust’s stock valued at $893,697,000 after purchasing an additional 310,886 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Camden Property Trust by 51.7% during the second quarter. Russell Investments Group Ltd. now owns 774,012 shares of the real estate investment trust’s stock valued at $66,224,000 after purchasing an additional 263,839 shares during the period. Hedge funds and other institutional investors own 96.72% of the company’s stock.
Shares of Camden Property Trust (NYSE CPT) traded down $1.24 during mid-day trading on Monday, hitting $93.08. 685,200 shares of the stock were exchanged, compared to its average volume of 601,915. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.94 and a current ratio of 1.94. The company has a market capitalization of $8,626.20, a price-to-earnings ratio of 20.68, a PEG ratio of 3.80 and a beta of 0.42. Camden Property Trust has a twelve month low of $75.36 and a twelve month high of $96.39.
Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $1.11 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.03). The business had revenue of $228.18 million during the quarter, compared to the consensus estimate of $226.41 million. Camden Property Trust had a return on equity of 4.71% and a net margin of 16.81%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 EPS. equities analysts predict that Camden Property Trust will post 4.53 EPS for the current year.
In other news, Chairman Richard J. Campo sold 379 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $94.44, for a total value of $35,792.76. Following the sale, the chairman now owns 338,519 shares of the company’s stock, valued at $31,969,734.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.70% of the company’s stock.
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A number of brokerages recently issued reports on CPT. Mizuho restated a “hold” rating and set a $90.00 price objective on shares of Camden Property Trust in a report on Sunday, October 15th. Robert W. Baird restated a “neutral” rating and set a $96.00 price objective (up previously from $92.00) on shares of Camden Property Trust in a report on Friday, September 22nd. UBS AG restated a “sell” rating and set a $86.00 price objective (up previously from $80.00) on shares of Camden Property Trust in a report on Thursday, September 14th. BMO Capital Markets restated a “buy” rating and set a $95.00 price objective on shares of Camden Property Trust in a report on Friday, September 8th. Finally, Deutsche Bank AG boosted their price objective on shares of Camden Property Trust from $84.00 to $85.00 and gave the company a “hold” rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Camden Property Trust currently has a consensus rating of “Hold” and a consensus target price of $92.31.
Camden Property Trust Company Profile
Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.
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