Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in shares of Camden Property Trust (NYSE:CPT) by 21.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,042 shares of the real estate investment trust’s stock after selling 7,853 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Camden Property Trust were worth $3,113,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new position in Camden Property Trust during the second quarter valued at $26,000. HM Payson & Co. bought a new position in Camden Property Trust during the second quarter valued at $49,000. Capital Investment Advisory Services LLC bought a new position in Camden Property Trust during the third quarter valued at $56,000. Machina Capital S.A.S. bought a new position in Camden Property Trust during the second quarter valued at $62,000. Finally, NEXT Financial Group Inc grew its holdings in Camden Property Trust by 15.4% during the second quarter. NEXT Financial Group Inc now owns 898 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 120 shares during the period. 93.56% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on CPT shares. Capital One Financial raised Camden Property Trust from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $107.00 to $119.00 in a report on Monday, September 16th. Zelman & Associates raised Camden Property Trust from a “sell” rating to a “hold” rating in a report on Monday, August 12th. Bank of America lowered Camden Property Trust from a “buy” rating to a “neutral” rating and set a $118.00 price target for the company. in a report on Thursday. JPMorgan Chase & Co. raised their price target on Camden Property Trust from $110.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $115.00 price target on shares of Camden Property Trust in a report on Monday. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $110.92.
NYSE:CPT opened at $112.26 on Thursday. The firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 3.25 and a beta of 0.39. Camden Property Trust has a 52-week low of $83.67 and a 52-week high of $116.67. The stock has a fifty day moving average of $112.64 and a 200 day moving average of $107.01. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.94 and a current ratio of 0.76.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.84). The business had revenue of $260.67 million for the quarter, compared to the consensus estimate of $259.56 million. Camden Property Trust had a net margin of 16.22% and a return on equity of 4.53%. Camden Property Trust’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 EPS. Equities analysts forecast that Camden Property Trust will post 5.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Friday, September 27th. Camden Property Trust’s dividend payout ratio is 67.09%.
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 161 properties containing 55,160 apartment homes across the United States.
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