Westpac Banking Corp raised its holdings in Camden Property Trust (NYSE:CPT) by 37.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,663 shares of the real estate investment trust’s stock after buying an additional 18,337 shares during the period. Westpac Banking Corp owned about 0.07% of Camden Property Trust worth $6,021,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in CPT. Strs Ohio grew its position in shares of Camden Property Trust by 1.0% in the 2nd quarter. Strs Ohio now owns 124,976 shares of the real estate investment trust’s stock worth $11,400,000 after buying an additional 1,237 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Camden Property Trust in the 3rd quarter valued at approximately $2,096,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of Camden Property Trust by 1.1% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 139,383 shares of the real estate investment trust’s stock valued at $12,715,000 after buying an additional 1,474 shares during the period. Rafferty Asset Management LLC lifted its holdings in shares of Camden Property Trust by 474.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 22,634 shares of the real estate investment trust’s stock valued at $2,065,000 after buying an additional 18,691 shares during the period. Finally, IFM Investors Pty Ltd lifted its holdings in shares of Camden Property Trust by 13.4% in the 3rd quarter. IFM Investors Pty Ltd now owns 7,722 shares of the real estate investment trust’s stock valued at $687,000 after buying an additional 912 shares during the period. 83.96% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on CPT shares. TheStreet raised Camden Property Trust from a “c” rating to a “b-” rating in a report on Friday, October 30th. Piper Sandler lifted their price objective on Camden Property Trust from $100.00 to $102.00 and gave the stock an “overweight” rating in a report on Wednesday, September 9th. KeyCorp reduced their price objective on Camden Property Trust from $122.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. Zacks Investment Research raised Camden Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 9th. Finally, Mizuho cut Camden Property Trust from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $97.00 to $103.00 in a report on Tuesday, November 10th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $103.14.
In other news, Director Heather J. Brunner sold 407 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $107.71, for a total transaction of $43,837.97. Following the completion of the sale, the director now owns 8,859 shares in the company, valued at approximately $954,202.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William W. Sengelmann sold 13,440 shares of the stock in a transaction on Monday, November 9th. The shares were sold at an average price of $101.97, for a total value of $1,370,476.80. Following the sale, the executive vice president now owns 75,904 shares of the company’s stock, valued at approximately $7,739,930.88. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.
Shares of CPT stock opened at $99.70 on Friday. Camden Property Trust has a 12-month low of $62.48 and a 12-month high of $120.73. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 52.47, a price-to-earnings-growth ratio of 4.71 and a beta of 0.73. The business has a 50 day simple moving average of $95.27 and a 200 day simple moving average of $91.67. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.27 and a quick ratio of 2.27.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.83). Camden Property Trust had a return on equity of 5.22% and a net margin of 18.14%. The business had revenue of $265.72 million during the quarter, compared to the consensus estimate of $258.82 million. During the same period last year, the company earned $1.09 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Camden Property Trust will post 4.94 EPS for the current fiscal year.
Camden Property Trust Profile
Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 164 properties containing 56,112 apartment homes across the United States.
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