Alpine Woods Capital Investors LLC cut its position in shares of Camden Property Trust (NYSE:CPT) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,500 shares of the real estate investment trust’s stock after selling 400 shares during the period. Alpine Woods Capital Investors LLC owned 0.05% of Camden Property Trust worth $3,805,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CPT. Renaissance Technologies LLC purchased a new position in shares of Camden Property Trust during the fourth quarter worth $647,000. Teachers Advisors LLC increased its stake in shares of Camden Property Trust by 6.9% in the fourth quarter. Teachers Advisors LLC now owns 109,256 shares of the real estate investment trust’s stock worth $9,185,000 after buying an additional 7,018 shares during the period. Macquarie Group Ltd. increased its stake in shares of Camden Property Trust by 3.7% in the fourth quarter. Macquarie Group Ltd. now owns 28,002 shares of the real estate investment trust’s stock worth $2,354,000 after buying an additional 1,000 shares during the period. Creative Planning increased its stake in shares of Camden Property Trust by 3.1% in the first quarter. Creative Planning now owns 2,638 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 80 shares during the period. Finally, Gulf International Bank UK Ltd increased its stake in shares of Camden Property Trust by 0.4% in the first quarter. Gulf International Bank UK Ltd now owns 27,170 shares of the real estate investment trust’s stock worth $2,186,000 after buying an additional 100 shares during the period. Institutional investors own 94.78% of the company’s stock.

Shares of Camden Property Trust (NYSE CPT) opened at 90.17 on Tuesday. The company’s 50 day moving average price is $87.70 and its 200-day moving average price is $84.07. The firm has a market capitalization of $7.90 billion, a P/E ratio of 20.17 and a beta of 0.37. Camden Property Trust has a 12 month low of $75.36 and a 12 month high of $90.83.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. Camden Property Trust had a return on equity of 13.17% and a net margin of 46.10%. The firm had revenue of $222.40 million for the quarter, compared to the consensus estimate of $222.44 million. During the same period in the prior year, the business posted $1.15 earnings per share. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts predict that Camden Property Trust will post $1.81 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.75 per share. The ex-dividend date was Wednesday, June 28th. This represents a $3.00 annualized dividend and a yield of 3.33%. Camden Property Trust’s dividend payout ratio is presently 67.11%.

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A number of analysts have issued reports on the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $91.00 target price on shares of Camden Property Trust in a research note on Sunday, July 16th. Barclays PLC raised their target price on Camden Property Trust from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 18th. BTIG Research raised Camden Property Trust from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Monday, April 24th. BMO Capital Markets raised Camden Property Trust from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $81.00 to $89.00 in a research note on Thursday, May 25th. They noted that the move was a valuation call. Finally, Evercore ISI raised Camden Property Trust from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $87.00 to $90.00 in a research note on Thursday, May 18th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $88.42.

In other Camden Property Trust news, EVP Alexander J. Jessett sold 11,788 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $89.81, for a total transaction of $1,058,680.28. Following the completion of the sale, the executive vice president now directly owns 56,783 shares in the company, valued at $5,099,681.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William F. Paulsen sold 2,227 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $87.18, for a total value of $194,149.86. Following the sale, the director now owns 14,284 shares of the company’s stock, valued at $1,245,279.12. The disclosure for this sale can be found here. Insiders have sold 120,811 shares of company stock valued at $10,812,185 over the last 90 days. 4.70% of the stock is currently owned by insiders.

About Camden Property Trust

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.

Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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