Camden Property Trust (CPT) Holdings Reduced by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec reduced its position in Camden Property Trust (NYSE:CPT) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,000 shares of the real estate investment trust’s stock after selling 1,500 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Camden Property Trust were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of Camden Property Trust by 285.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,386 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 1,026 shares during the period. FDx Advisors Inc. acquired a new position in Camden Property Trust during the fourth quarter worth $202,000. Global X Management Co. LLC raised its position in Camden Property Trust by 45.3% during the fourth quarter. Global X Management Co. LLC now owns 2,309 shares of the real estate investment trust’s stock worth $213,000 after acquiring an additional 720 shares during the period. Creative Planning acquired a new position in Camden Property Trust during the fourth quarter worth $308,000. Finally, Timber Hill LLC acquired a new position in Camden Property Trust during the third quarter worth $322,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

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Shares of Camden Property Trust stock traded down $0.14 during trading hours on Friday, reaching $84.89. 536,197 shares of the company’s stock were exchanged, compared to its average volume of 515,775. Camden Property Trust has a 1 year low of $78.19 and a 1 year high of $96.39. The firm has a market capitalization of $7,871.09, a price-to-earnings ratio of 18.74, a PEG ratio of 2.93 and a beta of 0.36. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.63.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $229.80 million for the quarter, compared to analysts’ expectations of $228.99 million. During the same period in the previous year, the company earned $1.15 EPS. Camden Property Trust’s quarterly revenue was up 5.8% compared to the same quarter last year. research analysts anticipate that Camden Property Trust will post 4.73 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Investors 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 represents a $3.08 dividend on an annualized basis and a dividend yield of 3.63%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.75. Camden Property Trust’s dividend payout ratio is currently 67.99%.

A number of equities analysts have weighed in on CPT shares. Royal Bank of Canada restated a “buy” rating and set a $92.00 price objective on shares of Camden Property Trust in a research report on Monday, February 12th. BMO Capital Markets set a $94.00 price objective on shares of Camden Property Trust and gave the stock a “buy” rating in a research report on Monday, February 12th. Sandler O’Neill set a $97.00 price objective on shares of Camden Property Trust and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Stifel Nicolaus restated a “buy” rating and set a $94.00 price objective on shares of Camden Property Trust in a research report on Monday, February 5th. Finally, BTIG Research upped their price objective on shares of Camden Property Trust to $93.00 and gave the stock a “buy” rating in a research report on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $90.64.

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About Camden Property Trust

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 156 properties containing 53,391 apartment homes across the United States.

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

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