CORDA Investment Management LLC. reduced its holdings in shares of Camden Property Trust (NYSE:CPT) by 1.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 72,659 shares of the real estate investment trust’s stock after selling 1,275 shares during the quarter. CORDA Investment Management LLC. owned approximately 0.08% of Camden Property Trust worth $6,213,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Camden Property Trust by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 14,104,790 shares of the real estate investment trust’s stock worth $1,134,871,000 after acquiring an additional 357,480 shares during the period. BlackRock Inc. boosted its stake in shares of Camden Property Trust by 3,883.3% during the 1st quarter. BlackRock Inc. now owns 10,140,490 shares of the real estate investment trust’s stock worth $815,902,000 after acquiring an additional 9,885,917 shares during the period. State Street Corp boosted its stake in shares of Camden Property Trust by 1.5% during the 1st quarter. State Street Corp now owns 4,488,687 shares of the real estate investment trust’s stock worth $361,144,000 after acquiring an additional 65,704 shares during the period. Morgan Stanley boosted its stake in shares of Camden Property Trust by 35.4% during the 1st quarter. Morgan Stanley now owns 3,501,894 shares of the real estate investment trust’s stock worth $281,763,000 after acquiring an additional 915,901 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in shares of Camden Property Trust by 8.6% during the 1st quarter. Nuveen Asset Management LLC now owns 1,327,236 shares of the real estate investment trust’s stock worth $106,789,000 after acquiring an additional 105,014 shares during the period. Institutional investors own 95.94% of the company’s stock.

CPT has been the subject of several research analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $95.00 target price on shares of Camden Property Trust in a research note on Friday. Sandler O’Neill upgraded Camden Property Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $93.00 to $105.00 in a research note on Tuesday. Stifel Nicolaus initiated coverage on Camden Property Trust in a research note on Friday, September 1st. They set a “buy” rating and a $99.00 target price for the company. Royal Bank Of Canada reiterated a “buy” rating and set a $91.00 target price on shares of Camden Property Trust in a research note on Sunday, July 16th. Finally, Barclays PLC lifted 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Camden Property Trust currently has a consensus rating of “Hold” and a consensus price target of $90.40.

Camden Property Trust (NYSE CPT) traded up 1.50% during mid-day trading on Friday, reaching $95.70. The company had a trading volume of 1,046,020 shares. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 21.41 and a beta of 0.38. Camden Property Trust has a 12-month low of $75.36 and a 12-month high of $95.86. The stock has a 50-day moving average of $89.86 and a 200 day moving average of $85.07.

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 (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $222.40 million during the quarter, compared to the consensus estimate of $222.44 million. During the same period last year, the business posted $1.15 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. On average, analysts expect that Camden Property Trust will post $1.73 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.13%. Camden Property Trust’s dividend payout ratio is currently 67.11%.

In other Camden Property Trust news, EVP William W. Sengelmann sold 763 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $89.76, for a total value of $68,486.88. Following the completion of the sale, the executive vice president now directly owns 71,836 shares of the company’s stock, valued at $6,447,999.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William W. Sengelmann sold 5,085 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $90.15, for a total value of $458,412.75. Following the completion of the sale, the executive vice president now directly owns 71,836 shares of the company’s stock, valued at $6,476,015.40. The disclosure for this sale can be found here. Insiders sold 120,811 shares of company stock valued at $10,812,185 over the last three months. Company insiders own 4.70% of the company’s stock.

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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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