Camden Property Trust (CPT) Shares Sold by Andra AP fonden

Andra AP fonden cut its stake in shares of Camden Property Trust (NYSE:CPT) by 7.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,900 shares of the real estate investment trust’s stock after selling 5,000 shares during the quarter. Andra AP fonden’s holdings in Camden Property Trust were worth $5,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Centersquare Investment Management LLC raised its stake in shares of Camden Property Trust by 13.0% during the second 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 in the last quarter. Voya Investment Management LLC raised its stake in shares of Camden Property Trust by 1,134.5% during the second quarter. Voya Investment Management LLC now owns 301,756 shares of the real estate investment trust’s stock worth $27,499,000 after acquiring an additional 277,313 shares in the last quarter. Standard Life Aberdeen plc purchased a new position in shares of Camden Property Trust during the second quarter worth approximately $21,565,000. Allianz Asset Management GmbH raised its stake in shares of Camden Property Trust by 618.9% during the first quarter. Allianz Asset Management GmbH now owns 235,048 shares of the real estate investment trust’s stock worth $19,786,000 after acquiring an additional 202,354 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Camden Property Trust by 78.4% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 249,000 shares of the real estate investment trust’s stock worth $22,691,000 after acquiring an additional 109,400 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

Shares of NYSE CPT opened at $91.43 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.64. Camden Property Trust has a 52 week low of $78.19 and a 52 week high of $95.67. The firm has a market capitalization of $8.63 billion, a P/E ratio of 20.18, a PEG ratio of 3.12 and a beta of 0.28.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.78). Camden Property Trust had a return on equity of 5.79% and a net margin of 21.65%. The firm had revenue of $237.10 million during the quarter, compared to analysts’ expectations of $235.47 million. During the same period in the previous year, the firm earned $1.15 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts anticipate that Camden Property Trust will post 4.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 17th. Investors of record on Friday, September 28th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Thursday, September 27th. Camden Property Trust’s payout ratio is 67.99%.

Several research analysts have commented on CPT shares. Royal Bank of Canada lifted 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. SunTrust Banks lifted 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. Barclays reissued a “hold” rating and set a $87.00 price target on shares of Camden Property Trust in a research note on Sunday, October 14th. Zacks Investment Research downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Finally, Scotiabank initiated coverage on shares of Camden Property Trust in a research note on Tuesday, October 16th. They issued a “sector perform” rating on the stock. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $94.25.

In other Camden Property Trust news, EVP William W. Sengelmann sold 31,895 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 78,276 shares of the company’s stock, valued at approximately $7,390,819.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President D Keith Oden sold 37,518 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $93.75, for a total transaction of $3,517,312.50. Following the transaction, the president now directly owns 308,518 shares in the company, valued at $28,923,562.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 245,731 shares of company stock worth $23,087,928. 3.90% of the stock is owned by insiders.

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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