Swiss National Bank Lowers Holdings in Camden Property Trust (CPT)

Swiss National Bank lessened its position in shares of Camden Property Trust (NYSE:CPT) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 477,800 shares of the real estate investment trust’s stock after selling 16,100 shares during the period. Swiss National Bank owned approximately 0.51% of Camden Property Trust worth $44,708,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Andra AP fonden grew its position 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 valued at $6,097,000 after acquiring an additional 13,400 shares during the period. Employees Retirement System of Texas grew its position in Camden Property Trust by 77.6% during the second quarter. Employees Retirement System of Texas now owns 151,000 shares of the real estate investment trust’s stock valued at $13,761,000 after acquiring an additional 66,000 shares during the period. Van ECK Associates Corp purchased a new stake in Camden Property Trust during the second quarter valued at about $1,753,000. Arizona State Retirement System grew its position in Camden Property Trust by 2.3% during the third quarter. Arizona State Retirement System now owns 65,895 shares of the real estate investment trust’s stock valued at $6,166,000 after acquiring an additional 1,484 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Camden Property Trust by 27.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,433 shares of the real estate investment trust’s stock valued at $3,958,000 after acquiring an additional 9,421 shares during the period. 95.00% of the stock is owned by hedge funds and other institutional investors.

Shares of CPT opened at $93.90 on Friday. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 2.99 and a beta of 0.30. 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.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.79). Camden Property Trust had a return on equity of 5.94% and a net margin of 21.81%. The company had revenue of $241.77 million for the quarter, compared to analyst estimates of $238.79 million. As a group, equities research analysts predict that Camden Property Trust will post 4.77 earnings per share for the current fiscal year.

In related news, Director William B. Mcguire sold 2,190 shares of the business’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $92.60, for a total value of $202,794.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.70% of the company’s stock.

CPT has been the subject of a number of research reports. Sandler O’Neill set a $105.00 price target on Camden Property Trust and gave the company a “buy” rating in a research report on Friday, August 3rd. Zacks Investment Research downgraded Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Citigroup boosted their price objective on Camden Property Trust from $91.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 8th. SunTrust Banks boosted their price objective on 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. Finally, Royal Bank of Canada boosted their price objective on Camden Property Trust to $97.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 14th. Ten research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Camden Property Trust currently has a consensus rating of “Buy” and an average price target of $95.29.

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Camden Property Trust Company 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 159 properties containing 54,480 apartment homes across the United States.

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

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