Camden Property Trust (CPT) Stake Decreased by First Trust Advisors LP

First Trust Advisors LP lessened its stake in shares of Camden Property Trust (NYSE:CPT) by 21.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,969 shares of the real estate investment trust’s stock after selling 20,010 shares during the quarter. First Trust Advisors LP owned about 0.08% of Camden Property Trust worth $6,764,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CPT. Teachers Advisors LLC lifted its position in shares of Camden Property Trust by 39.9% during the 1st quarter. Teachers Advisors LLC now owns 152,829 shares of the real estate investment trust’s stock worth $12,297,000 after buying an additional 43,573 shares during the last quarter. Bank of Montreal Can raised its position in Camden Property Trust by 15.1% in the 2nd quarter. Bank of Montreal Can now owns 30,833 shares of the real estate investment trust’s stock valued at $2,637,000 after purchasing an additional 4,035 shares during the last quarter. NN Investment Partners Holdings N.V. raised its position in Camden Property Trust by 158.4% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 10,091 shares of the real estate investment trust’s stock valued at $863,000 after purchasing an additional 6,186 shares during the last quarter. Fisher Asset Management LLC raised its position in Camden Property Trust by 0.6% in the 2nd quarter. Fisher Asset Management LLC now owns 31,204 shares of the real estate investment trust’s stock valued at $2,668,000 after purchasing an additional 192 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in Camden Property Trust by 509.0% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 14,208 shares of the real estate investment trust’s stock valued at $1,215,000 after purchasing an additional 11,875 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

CPT has been the subject of several research reports. Royal Bank Of Canada upped their price target on shares of Camden Property Trust from $91.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $93.00 price target on shares of Camden Property Trust in a research report on Wednesday, October 4th. KeyCorp upped their price target on shares of Camden Property Trust from $93.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, September 15th. Sandler O’Neill upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $93.00 to $105.00 in a research report on Tuesday, September 5th. Finally, Stifel Nicolaus initiated coverage on shares of Camden Property Trust in a research report on Friday, September 1st. They issued a “buy” rating and a $99.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $92.31.

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Camden Property Trust (NYSE CPT) opened at $94.92 on Wednesday. The company has a market cap of $8,779.12, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 3.87 and a beta of 0.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.94 and a current ratio of 1.94. Camden Property Trust has a 12-month low of $75.36 and a 12-month high of $96.39.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.03). Camden Property Trust had a return on equity of 4.71% and a net margin of 16.81%. The company had revenue of $228.18 million for the quarter, compared to analyst estimates of $226.41 million. During the same period last year, the company earned $1.13 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. sell-side analysts expect that Camden Property Trust will post 4.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.16%. Camden Property Trust’s dividend payout ratio (DPR) is presently 182.93%.

About Camden Property Trust

Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.

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

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