Camden Property Trust (CPT) Stake Lifted by Arizona State Retirement System

Arizona State Retirement System lifted its stake in shares of Camden Property Trust (NYSE:CPT) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,895 shares of the real estate investment trust’s stock after acquiring an additional 1,484 shares during the period. Arizona State Retirement System’s holdings in Camden Property Trust were worth $6,166,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CPT. Centersquare Investment Management LLC lifted its holdings in shares of Camden Property Trust by 13.0% during the 2nd quarter. Centersquare Investment Management LLC now owns 2,481,175 shares of the real estate investment trust’s stock worth $226,110,000 after acquiring an additional 285,268 shares during the period. Voya Investment Management LLC raised its holdings in Camden Property Trust by 1,134.5% in the second quarter. Voya Investment Management LLC now owns 301,756 shares of the real estate investment trust’s stock valued at $27,499,000 after buying an additional 277,313 shares during the period. Standard Life Aberdeen plc purchased a new position in Camden Property Trust in the second quarter valued at approximately $21,565,000. Allianz Asset Management GmbH raised its holdings in Camden Property Trust by 618.9% in the first quarter. Allianz Asset Management GmbH now owns 235,048 shares of the real estate investment trust’s stock valued at $19,786,000 after buying an additional 202,354 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in Camden Property Trust by 78.4% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 249,000 shares of the real estate investment trust’s stock valued at $22,691,000 after buying an additional 109,400 shares during the period. Institutional investors and hedge funds own 93.29% of the company’s stock.

Several research firms recently commented on CPT. Citigroup raised their price target on shares of Camden Property Trust from $95.00 to $96.00 and gave the company a “hold” rating in a report on Tuesday, October 30th. Zacks Investment Research lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Royal Bank of Canada raised their price target on shares of Camden Property Trust to $97.00 and gave the company an “outperform” rating in a report on Tuesday, August 14th. Capital One Financial restated an “equal weight” rating on shares of Camden Property Trust in a report on Sunday, October 21st. Finally, SunTrust Banks raised their price target on shares of Camden Property Trust to $95.00 and gave the company an “average” rating in a report 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 given a buy rating and one has given a strong buy rating to the company’s stock. Camden Property Trust has a consensus rating of “Buy” and an average target price of $94.31.

In other news, EVP William W. Sengelmann sold 31,895 shares of Camden Property Trust stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $94.42, for a total transaction of $3,011,525.90. Following the sale, the executive vice president now owns 78,276 shares in the company, valued at $7,390,819.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard J. Campo sold 80,588 shares of Camden Property Trust stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $93.79, for a total transaction of $7,558,348.52. Following the sale, the chairman now owns 291,383 shares in the company, valued at approximately $27,328,811.57. The disclosure for this sale can be found here. Insiders have sold 247,921 shares of company stock worth $23,290,722 in the last quarter. Insiders own 3.90% of the company’s stock.

CPT opened at $90.97 on Tuesday. The company has a market cap of $8.34 billion, a PE ratio of 20.08, a PEG ratio of 3.00 and a beta of 0.30. Camden Property Trust has a 52-week low of $78.19 and a 52-week high of $95.67. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.20 and a current ratio of 0.20.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.79). The firm had revenue of $241.77 million for the quarter, compared to analysts’ expectations of $238.79 million. Camden Property Trust had a net margin of 21.81% and a return on equity of 5.94%. Equities research analysts predict that Camden Property Trust will post 4.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 17th. Stockholders of record on Friday, September 28th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.39%. Camden Property Trust’s dividend payout ratio is currently 67.99%.

ILLEGAL ACTIVITY NOTICE: “Camden Property Trust (CPT) Stake Lifted by Arizona State Retirement System” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/11/06/camden-property-trust-cpt-stake-lifted-by-arizona-state-retirement-system.html.

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.

Further Reading: Bear Market

Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPT).

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

Receive News & Ratings for Camden Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply