Camden Property Trust (NYSE:CPT) Holdings Lifted by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board boosted its holdings in shares of Camden Property Trust (NYSE:CPT) by 90.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,900 shares of the real estate investment trust’s stock after purchasing an additional 10,855 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Camden Property Trust were worth $2,108,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Cadence Capital Management LLC boosted its position in Camden Property Trust by 9.7% during the 3rd quarter. Cadence Capital Management LLC now owns 6,310 shares of the real estate investment trust’s stock valued at $577,000 after purchasing an additional 556 shares during the period. ING Groep NV boosted its position in Camden Property Trust by 6.2% during the 3rd quarter. ING Groep NV now owns 11,319 shares of the real estate investment trust’s stock worth $1,035,000 after acquiring an additional 658 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Camden Property Trust by 5.4% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,482 shares of the real estate investment trust’s stock worth $1,233,000 after acquiring an additional 691 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in Camden Property Trust by 4.9% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 14,908 shares of the real estate investment trust’s stock worth $1,363,000 after acquiring an additional 700 shares during the period. Finally, Perigon Wealth Management LLC boosted its position in Camden Property Trust by 59.3% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 800 shares during the period. Institutional investors own 89.03% of the company’s stock.

Several analysts have recently weighed in on the company. Royal Bank of Canada restated a “buy” rating and issued a $92.00 price objective on shares of Camden Property Trust in a report on Monday, February 12th. BMO Capital Markets set a $94.00 target price on Camden Property Trust and gave the stock a “buy” rating in a research report on Monday, February 12th. Mizuho set a $81.00 target price on Camden Property Trust and gave the stock a “hold” rating in a research report on Friday, February 9th. Sandler O’Neill set a $97.00 target price on Camden Property Trust and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $94.00 target price on shares of Camden Property Trust in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $91.27.

Shares of Camden Property Trust (NYSE CPT) traded up $1.39 during trading hours on Friday, reaching $81.76. The company had a trading volume of 550,556 shares, compared to its average volume of 712,875. Camden Property Trust has a 1 year low of $78.38 and a 1 year high of $96.39. The company has a market cap of $7,451.96, a P/E ratio of 38.93, a price-to-earnings-growth ratio of 2.77 and a beta of 0.34. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.94 and a current ratio of 2.24.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.27). The firm had revenue of $229.80 million during the quarter, compared to analyst estimates of $228.99 million. Camden Property Trust had a net margin of 21.80% and a return on equity of 6.01%. The company’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $1.15 EPS. research analysts predict that Camden Property Trust will post 4.74 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Friday, March 30th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost 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 3.77%. Camden Property Trust’s dividend payout ratio is presently 142.86%.

In related news, EVP William W. Sengelmann sold 4,478 shares of the firm’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 completion of the sale, the executive vice president now directly owns 66,567 shares of the company’s stock, valued at approximately $5,885,854.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kelvin R. Westbrook sold 425 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $88.42, for a total value of $37,578.50. Following the sale, the director now directly owns 20,477 shares of the company’s stock, valued at $1,810,576.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,918 shares of company stock valued at $11,599,316. 4.70% of the stock is currently owned by insiders.

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Camden Property Trust 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.

Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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