Camden Property Trust (NYSE:CPT) Shares Sold by Federated Investors Inc. PA

Federated Investors Inc. PA decreased its holdings in Camden Property Trust (NYSE:CPT) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,923 shares of the real estate investment trust’s stock after selling 708 shares during the period. Federated Investors Inc. PA’s holdings in Camden Property Trust were worth $3,274,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN increased its holdings in shares of Camden Property Trust by 55.2% during the 1st quarter. Wells Fargo & Company MN now owns 321,612 shares of the real estate investment trust’s stock worth $27,072,000 after buying an additional 114,341 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Camden Property Trust by 13,706.7% during the 1st quarter. Victory Capital Management Inc. now owns 191,361 shares of the real estate investment trust’s stock worth $16,110,000 after buying an additional 189,975 shares during the last quarter. Eaton Vance Management increased its holdings in shares of Camden Property Trust by 17.7% during the 1st quarter. Eaton Vance Management now owns 13,714 shares of the real estate investment trust’s stock worth $1,154,000 after buying an additional 2,062 shares during the last quarter. Aperio Group LLC increased its holdings in shares of Camden Property Trust by 24.9% during the 1st quarter. Aperio Group LLC now owns 21,284 shares of the real estate investment trust’s stock worth $1,792,000 after buying an additional 4,237 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in shares of Camden Property Trust by 9.9% during the 1st quarter. Neuberger Berman Group LLC now owns 137,896 shares of the real estate investment trust’s stock worth $11,646,000 after buying an additional 12,462 shares during the last quarter. Institutional investors own 93.90% of the company’s stock.

Camden Property Trust stock traded up $0.29 during trading on Friday, hitting $92.07. The company had a trading volume of 283,129 shares, compared to its average volume of 538,499. Camden Property Trust has a 1-year low of $78.19 and a 1-year high of $95.67. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market capitalization of $8.68 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 3.14 and a beta of 0.28.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.78). Camden Property Trust had a net margin of 21.65% and a return on equity of 5.79%. The company had revenue of $237.10 million during the quarter, compared to analyst estimates of $235.47 million. During the same quarter last year, the business posted $1.15 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast that Camden Property Trust will post 4.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 17th. Shareholders of record on Friday, September 28th will be given a $0.77 dividend. The ex-dividend date is Thursday, September 27th. This represents a $3.08 annualized dividend and a yield of 3.35%. Camden Property Trust’s dividend payout ratio is presently 67.99%.

In other Camden Property Trust news, President D Keith Oden sold 37,518 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $93.75, for a total value of $3,517,312.50. Following the completion of the transaction, the president now owns 308,518 shares of the company’s stock, valued at approximately $28,923,562.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Richard J. Campo sold 80,588 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $93.79, for a total transaction of $7,558,348.52. Following the completion of the transaction, the chairman now directly owns 291,383 shares of the company’s stock, valued at approximately $27,328,811.57. The disclosure for this sale can be found here. Insiders sold a total of 245,731 shares of company stock valued at $23,087,928 in the last three months. 3.90% of the stock is currently owned by corporate insiders.

A number of analysts have recently issued reports on CPT shares. SunTrust Banks raised their price target on shares of Camden Property Trust to $95.00 and gave the stock an “average” rating in a report on Tuesday, August 14th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Wednesday. Bank of America raised their price target on shares of Camden Property Trust from $103.00 to $104.00 and gave the stock a “buy” rating in a report on Friday, June 8th. Sandler O’Neill set a $105.00 price target on shares of Camden Property Trust and gave the stock a “buy” rating in a report on Friday, August 3rd. Finally, Deutsche Bank raised their price target on shares of Camden Property Trust from $92.00 to $93.00 and gave the stock a “hold” rating in a report on Wednesday, September 5th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $94.64.

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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