Camden Property Trust (CPT) Holdings Trimmed by CORDA Investment Management LLC.

CORDA Investment Management LLC. reduced its stake in shares of Camden Property Trust (NYSE:CPT) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,099 shares of the real estate investment trust’s stock after selling 947 shares during the period. CORDA Investment Management LLC. owned about 0.07% of Camden Property Trust worth $6,091,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CPT. Parallel Advisors LLC boosted its holdings in shares of Camden Property Trust by 1,495.0% in the 2nd quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 1,196 shares during the period. Redpoint Investment Management Pty Ltd acquired a new position in shares of Camden Property Trust in the 2nd quarter valued at about $206,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Camden Property Trust by 109.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,424 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 1,268 shares during the period. First Mercantile Trust Co. acquired a new position in shares of Camden Property Trust in the 2nd quarter valued at about $225,000. Finally, IFM Investors Pty Ltd acquired a new position in shares of Camden Property Trust in the 2nd quarter valued at about $227,000. 93.29% of the stock is owned by institutional investors.

Several research analysts have recently commented on the stock. Deutsche Bank lifted their price target on shares of Camden Property Trust from $92.00 to $93.00 and gave the company a “hold” rating in a report on Wednesday, September 5th. Sandler O’Neill set a $105.00 price target on shares of Camden Property Trust and gave the company a “buy” rating in a report on Friday, August 3rd. Citigroup lifted their price target on shares of Camden Property Trust from $91.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, August 8th. Royal Bank of Canada lifted 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. Finally, Zacks Investment Research lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $94.59.

In related news, Director William B. Mcguire sold 2,190 shares of Camden Property Trust stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $92.60, for a total value of $202,794.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Alexander J. Jessett sold 9,674 shares of Camden Property Trust stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $94.61, for a total transaction of $915,257.14. Following the completion of the sale, the chief financial officer now owns 58,012 shares in the company, valued at $5,488,515.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 247,921 shares of company stock worth $23,290,722. 4.70% of the stock is currently owned by insiders.

Shares of NYSE:CPT opened at $92.64 on Friday. The stock has a market capitalization of $8.52 billion, a P/E ratio of 19.38, a PEG ratio of 2.91 and a beta of 0.30. Camden Property Trust has a fifty-two week low of $78.19 and a fifty-two 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 issued 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 during the quarter, compared to the consensus estimate of $238.79 million. Camden Property Trust had a net margin of 21.81% and a return on equity of 5.94%. On average, research analysts expect that Camden Property Trust will post 4.76 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 17th. Investors of record on Friday, September 28th were given a $0.77 dividend. The ex-dividend date was Thursday, September 27th. This represents a $3.08 annualized dividend and a yield of 3.32%. Camden Property Trust’s dividend payout ratio is presently 67.99%.

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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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