Mitsubishi UFJ Trust & Banking Corp decreased its stake in Camden Property Trust (NYSE:CPT) by 58.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,477 shares of the real estate investment trust’s stock after selling 115,800 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.09% of Camden Property Trust worth $7,624,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. lifted its stake in Camden Property Trust by 5.9% in the second quarter. Crossmark Global Holdings Inc. now owns 11,295 shares of the real estate investment trust’s stock valued at $1,029,000 after buying an additional 630 shares during the period. Neuburgh Advisers LLC lifted its stake in Camden Property Trust by 7.9% in the second quarter. Neuburgh Advisers LLC now owns 9,020 shares of the real estate investment trust’s stock valued at $822,000 after buying an additional 660 shares during the period. Nissay Asset Management Corp Japan ADV lifted its stake in Camden Property Trust by 5.2% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 13,768 shares of the real estate investment trust’s stock valued at $1,255,000 after buying an additional 676 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of Camden Property Trust by 7.4% in the second quarter. Riverhead Capital Management LLC now owns 10,203 shares of the real estate investment trust’s stock worth $930,000 after acquiring an additional 700 shares in the last quarter. Finally, First Mercantile Trust Co. increased its holdings in shares of Camden Property Trust by 31.7% in the third quarter. First Mercantile Trust Co. now owns 3,253 shares of the real estate investment trust’s stock worth $304,000 after acquiring an additional 783 shares in the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Camden Property Trust stock opened at $92.93 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 3.00 and a beta of 0.36. Camden Property Trust has a 1 year low of $78.19 and a 1 year high of $95.67.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.79). The firm had revenue of $241.77 million for the quarter, compared to the consensus estimate of $238.79 million. Camden Property Trust had a return on equity of 5.94% and a net margin of 21.81%. On average, research analysts predict that Camden Property Trust will post 4.77 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 17th. Investors of record on Monday, December 17th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.31%. Camden Property Trust’s payout ratio is presently 67.99%.
Several brokerages have issued reports on CPT. Robert W. Baird upgraded Camden Property Trust from a “neutral” rating to an “outperform” rating and set a $100.00 price target for the company in a report on Tuesday, November 20th. Zacks Investment Research downgraded Camden Property Trust from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Wells Fargo & Co set a $99.00 price target on Camden Property Trust and gave the stock a “hold” rating in a report on Tuesday, November 6th. Citigroup increased their price target on Camden Property Trust from $95.00 to $96.00 and gave the stock a “hold” rating in a report on Tuesday, October 30th. Finally, ValuEngine upgraded Camden Property Trust from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Ten analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $95.29.
In related news, Director William B. Mcguire sold 2,190 shares of the stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $92.60, for a total transaction of $202,794.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael P. Gallagher sold 1,841 shares of the stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $94.38, for a total value of $173,753.58. Following the transaction, the insider now owns 24,783 shares of the company’s stock, valued at $2,339,019.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,505 shares of company stock valued at $8,947,652. 4.70% of the stock is owned by corporate insiders.
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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 159 properties containing 54,480 apartment homes across the United States.
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