KBC Group NV trimmed its position in Camden Property Trust (NYSE:CPT) by 40.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,809 shares of the real estate investment trust’s stock after selling 11,203 shares during the period. KBC Group NV’s holdings in Camden Property Trust were worth $1,547,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in Camden Property Trust by 27.2% in the third quarter. JPMorgan Chase & Co. now owns 3,636,486 shares of the real estate investment trust’s stock worth $332,848,000 after purchasing an additional 778,543 shares during the period. Bank of New York Mellon Corp grew its stake in Camden Property Trust by 93.7% in the third quarter. Bank of New York Mellon Corp now owns 2,365,047 shares of the real estate investment trust’s stock worth $216,282,000 after purchasing an additional 1,144,162 shares during the period. Cohen & Steers Inc. purchased a new stake in Camden Property Trust in the third quarter worth $193,833,000. Dimensional Fund Advisors LP grew its stake in Camden Property Trust by 3.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,254,640 shares of the real estate investment trust’s stock worth $114,737,000 after purchasing an additional 45,846 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in Camden Property Trust by 5.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 953,010 shares of the real estate investment trust’s stock worth $87,735,000 after purchasing an additional 53,313 shares during the period. 89.03% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on CPT shares. Mizuho reaffirmed a “hold” rating and issued a $94.00 price target on shares of Camden Property Trust in a research note on Monday, November 6th. BMO Capital Markets reaffirmed a “buy” rating and issued a $97.00 price target on shares of Camden Property Trust in a research note on Monday, November 27th. JPMorgan Chase & Co. raised Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 price target on the stock in a research note on Friday, December 15th. Robert W. Baird reaffirmed a “hold” rating and issued a $93.00 price target on shares of Camden Property Trust in a research note on Tuesday, January 9th. Finally, Zacks Investment Research downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $91.27.
Shares of Camden Property Trust (NYSE:CPT) opened at $80.37 on Friday. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.63. Camden Property Trust has a 1-year low of $78.38 and a 1-year high of $96.39. The company has a market capitalization of $7,369.44, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 2.74 and a beta of 0.34.
Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.27). Camden Property Trust had a return on equity of 6.01% and a net margin of 21.80%. The company had revenue of $229.80 million during the quarter, compared to the consensus estimate of $228.99 million. During the same period last year, the firm posted $1.15 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. sell-side analysts anticipate that Camden Property Trust will post 4.74 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.77 per share. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Wednesday, March 28th. Camden Property Trust’s dividend payout ratio is presently 142.86%.
In other news, EVP William W. Sengelmann sold 4,478 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $88.42, for a total transaction of $395,944.76. Following the transaction, the executive vice president now directly owns 66,567 shares of the company’s stock, valued at $5,885,854.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Richard J. Campo sold 52,247 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $92.27, for a total value of $4,820,830.69. Following the transaction, the chairman now directly owns 344,201 shares in the company, valued at $31,759,426.27. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,918 shares of company stock worth $11,599,316. Corporate insiders own 4.70% of the company’s stock.
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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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