Virginia Retirement Systems ET AL Has $6.07 Million Position in Camden Property Trust (CPT)

Virginia Retirement Systems ET AL cut its position in shares of Camden Property Trust (NYSE:CPT) by 10.6% during the 3rd quarter, Holdings Channel reports. The firm owned 64,900 shares of the real estate investment trust’s stock after selling 7,700 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Camden Property Trust were worth $6,073,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Andra AP fonden boosted its holdings in Camden Property Trust by 25.0% during the second quarter. Andra AP fonden now owns 66,900 shares of the real estate investment trust’s stock worth $6,097,000 after purchasing an additional 13,400 shares during the last quarter. Swiss National Bank raised its position in Camden Property Trust by 9.5% in the second quarter. Swiss National Bank now owns 493,900 shares of the real estate investment trust’s stock worth $45,009,000 after acquiring an additional 42,900 shares during the period. Employees Retirement System of Texas raised its position in Camden Property Trust by 77.6% in the second quarter. Employees Retirement System of Texas now owns 151,000 shares of the real estate investment trust’s stock worth $13,761,000 after acquiring an additional 66,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Camden Property Trust by 27.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,433 shares of the real estate investment trust’s stock worth $3,958,000 after acquiring an additional 9,421 shares during the period. Finally, Van ECK Associates Corp bought a new stake in Camden Property Trust in the second quarter worth about $1,753,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

NYSE CPT opened at $92.54 on Friday. Camden Property Trust has a 12-month low of $78.19 and a 12-month 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. The company has a market capitalization of $8.60 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 2.94 and a beta of 0.30.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 17th. Stockholders of record on Friday, September 28th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Thursday, September 27th. Camden Property Trust’s dividend payout ratio (DPR) is currently 67.99%.

Several brokerages have commented on CPT. SunTrust Banks lifted their price objective on shares of Camden Property Trust to $95.00 and gave the stock an “average” rating in a research report on Tuesday, August 14th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Citigroup lifted their price objective on shares of Camden Property Trust from $91.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 8th. Royal Bank of Canada lifted their price objective on shares of Camden Property Trust to $97.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 14th. Finally, Capital One Financial began coverage on shares of Camden Property Trust in a research report on Monday, October 22nd. They issued an “equal weight” rating and a $96.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Camden Property Trust presently has a consensus rating of “Buy” and a consensus target price of $94.59.

In other news, CFO Alexander J. Jessett sold 9,674 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $94.61, for a total value of $915,257.14. Following the sale, the chief financial officer now owns 58,012 shares of the company’s stock, valued at $5,488,515.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP William W. Sengelmann sold 31,895 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 78,276 shares in the company, valued at approximately $7,390,819.92. The disclosure for this sale can be found here. In the last three months, insiders sold 247,921 shares of company stock worth $23,290,722. Insiders own 4.70% of the company’s stock.

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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 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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