Retirement Systems of Alabama increased its holdings in shares of Camden Property Trust (NYSE:CPT) by 79.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 202,680 shares of the real estate investment trust’s stock after acquiring an additional 89,696 shares during the period. Retirement Systems of Alabama owned about 0.22% of Camden Property Trust worth $18,535,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Sei Investments Co. lifted its holdings in Camden Property Trust by 53.1% during the 3rd quarter. Sei Investments Co. now owns 331,133 shares of the real estate investment trust’s stock valued at $30,282,000 after purchasing an additional 114,788 shares during the last quarter. Advantus Capital Management Inc lifted its holdings in Camden Property Trust by 492.9% during the 3rd quarter. Advantus Capital Management Inc now owns 231,482 shares of the real estate investment trust’s stock valued at $21,168,000 after purchasing an additional 192,440 shares during the last quarter. Swiss National Bank lifted its holdings in Camden Property Trust by 5.4% during the 3rd quarter. Swiss National Bank now owns 473,500 shares of the real estate investment trust’s stock valued at $43,302,000 after purchasing an additional 24,400 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Camden Property Trust by 16.4% during the 3rd quarter. Principal Financial Group Inc. now owns 661,602 shares of the real estate investment trust’s stock valued at $60,504,000 after purchasing an additional 93,083 shares during the last quarter. Finally, American Century Companies Inc. bought a new position in Camden Property Trust during the 3rd quarter valued at about $65,671,000. 92.41% of the stock is owned by hedge funds and other institutional investors.
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Shares of Camden Property Trust (CPT) traded up $0.19 during midday trading on Wednesday, hitting $94.92. 437,400 shares of the company’s stock were exchanged, compared to its average volume of 600,404. Camden Property Trust has a one year low of $75.36 and a one year high of $96.39. The company has a market capitalization of $8,779.12, a P/E ratio of 21.05, a PEG 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 (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). The business had revenue of $228.18 million for the quarter, compared to the consensus estimate of $226.41 million. Camden Property Trust had a return on equity of 4.71% and a net margin of 16.81%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $1.13 earnings per share. research analysts expect that Camden Property Trust will post 4.53 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Investors of record on Friday, September 29th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Thursday, September 28th. Camden Property Trust’s dividend payout ratio (DPR) is 182.93%.
Several equities analysts recently issued reports on the stock. Mizuho reissued a “hold” rating and set a $94.00 price target on shares of Camden Property Trust in a report on Monday, November 6th. SunTrust Banks, Inc. reissued a “hold” rating and set a $93.00 price target on shares of Camden Property Trust in a report on Wednesday, October 4th. Robert W. Baird reissued a “neutral” rating and set a $96.00 price target (up from $92.00) on shares of Camden Property Trust in a report on Friday, September 22nd. KeyCorp lifted their price target on shares of Camden Property Trust from $93.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, September 15th. Finally, UBS AG reissued a “sell” rating and set a $86.00 price target (up from $80.00) on shares of Camden Property Trust in a report on Thursday, September 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Camden Property Trust has a consensus rating of “Hold” and a consensus target price of $92.31.
Camden Property Trust Company Profile
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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