Profund Advisors LLC lowered its position in shares of Camden Property Trust (NYSE:CPT) by 20.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,618 shares of the real estate investment trust’s stock after selling 3,152 shares during the quarter. Profund Advisors LLC’s holdings in Camden Property Trust were worth $1,079,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of CPT. BlackRock Inc. grew its holdings 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 purchasing an additional 9,885,917 shares during the period. Morgan Stanley grew its holdings 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 purchasing an additional 915,901 shares during the period. Vanguard Group Inc. grew its holdings 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 purchasing an additional 357,480 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Camden Property Trust by 51.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 774,012 shares of the real estate investment trust’s stock worth $66,224,000 after purchasing an additional 263,839 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Camden Property Trust by 2,840.3% during the 1st quarter. Renaissance Technologies LLC now owns 226,400 shares of the real estate investment trust’s stock worth $18,216,000 after purchasing an additional 218,700 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

A number of analysts have recently issued reports on the company. BMO Capital Markets reiterated a “buy” rating and set a $95.00 target price on shares of Camden Property Trust in a report on Friday, September 8th. KeyCorp boosted their target price on Camden Property Trust from $93.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, September 15th. UBS AG reiterated a “sell” rating and set a $86.00 target price (up previously from $80.00) on shares of Camden Property Trust in a report on Thursday, September 14th. Sandler O’Neill upgraded Camden Property Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $105.00 in a report on Tuesday, September 5th. Finally, Royal Bank Of Canada boosted their target price on Camden Property Trust from $91.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $91.07.

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Camden Property Trust (NYSE:CPT) opened at 93.67 on Thursday. The stock has a market capitalization of $8.21 billion, a PE ratio of 20.96 and a beta of 0.38. Camden Property Trust has a 1-year low of $75.36 and a 1-year high of $96.39. The stock’s 50 day moving average price is $90.94 and its 200 day moving average price is $85.62.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data 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 company had revenue of $222.40 million for the quarter, compared to analyst estimates of $222.44 million. During the same quarter last year, the firm earned $1.15 EPS. Camden Property Trust’s revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts forecast that Camden Property Trust will post $1.73 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, September 28th. Camden Property Trust’s payout ratio is presently 67.11%.

In other news, EVP William W. Sengelmann sold 763 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $89.76, for a total transaction of $68,486.88. Following the sale, the executive vice president now owns 71,836 shares of the company’s stock, valued at approximately $6,447,999.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William B. Mcguire sold 3,234 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $89.77, for a total value of $290,316.18. Following the sale, the director now directly owns 1,007 shares in the company, valued at approximately $90,398.39. The disclosure for this sale can be found here. Insiders have sold a total of 118,584 shares of company stock worth $10,618,035 in the last three months. 4.70% of the stock is owned by insiders.

Camden Property Trust 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.

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

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