Baltimore Washington Financial Advisors Inc. Trims Position in Camden Property Trust (CPT)

Baltimore Washington Financial Advisors Inc. lessened its stake in Camden Property Trust (NYSE:CPT) by 94.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,394 shares of the real estate investment trust’s stock after selling 59,539 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Camden Property Trust were worth $317,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in Camden Property Trust by 1,495.0% during the second quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 1,196 shares during the period. Redpoint Investment Management Pty Ltd bought a new position in Camden Property Trust during the second quarter worth about $206,000. First Mercantile Trust Co. bought a new position in Camden Property Trust during the second quarter worth about $225,000. IFM Investors Pty Ltd bought a new position in Camden Property Trust during the second quarter worth about $227,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Camden Property Trust by 109.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,424 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 1,268 shares during the period. Institutional investors and hedge funds own 93.82% of the company’s stock.

A number of research analysts have commented on the stock. Citigroup raised their price target on shares of Camden Property Trust from $95.00 to $96.00 and gave the stock a “hold” rating in a research note on Tuesday, October 30th. Zacks Investment Research cut shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. Royal Bank of Canada raised their price target on shares of Camden Property Trust to $97.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 14th. Capital One Financial restated an “equal weight” rating on shares of Camden Property Trust in a research note on Sunday, October 21st. Finally, SunTrust Banks raised their price target on shares of Camden Property Trust to $95.00 and gave the stock an “average” rating in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $94.31.

NYSE CPT opened at $89.53 on Monday. The company has a market cap of $8.34 billion, a PE ratio of 18.97, a PEG ratio of 3.00 and a beta of 0.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.20 and a quick ratio of 0.54. Camden Property Trust has a 1-year low of $78.19 and a 1-year high of $95.67.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.79). The firm had revenue of $241.77 million for the quarter, compared to analyst estimates of $238.79 million. Camden Property Trust had a return on equity of 5.94% and a net margin of 21.81%. Equities analysts predict that Camden Property Trust will post 4.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 17th. Stockholders of record on Friday, September 28th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Thursday, September 27th. Camden Property Trust’s payout ratio is 67.99%.

In other news, Director William B. Mcguire sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $92.60, for a total transaction of $202,794.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Richard J. Campo sold 80,588 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $93.79, for a total transaction of $7,558,348.52. Following the sale, the chairman now directly owns 291,383 shares of the company’s stock, valued at approximately $27,328,811.57. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 247,921 shares of company stock valued at $23,290,722. Company insiders own 4.70% of the company’s stock.

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 158 properties containing 54,181 apartment homes across the United States.

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

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