Shelton Capital Management bought a new stake in Camden Property Trust (NYSE:CPT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,565 shares of the real estate investment trust’s stock, valued at approximately $561,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CPT. BlackRock Inc. lifted its stake in shares of Camden Property Trust by 3,883.3% in the first quarter. BlackRock Inc. now owns 10,140,490 shares of the real estate investment trust’s stock valued at $815,902,000 after buying an additional 9,885,917 shares during the period. Morgan Stanley lifted its stake in shares of Camden Property Trust by 35.4% in the first quarter. Morgan Stanley now owns 3,501,894 shares of the real estate investment trust’s stock valued at $281,763,000 after buying an additional 915,901 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Camden Property Trust by 32.1% in the second quarter. Goldman Sachs Group Inc. now owns 1,312,251 shares of the real estate investment trust’s stock valued at $112,211,000 after buying an additional 318,689 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Camden Property Trust by 51.7% in the second quarter. Russell Investments Group Ltd. now owns 774,012 shares of the real estate investment trust’s stock valued at $66,224,000 after buying an additional 263,839 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Camden Property Trust by 2,840.3% in the first quarter. Renaissance Technologies LLC now owns 226,400 shares of the real estate investment trust’s stock valued at $18,216,000 after buying an additional 218,700 shares during the period. Institutional investors and hedge funds own 90.58% of the company’s stock.

In other news, EVP Alexander J. Jessett sold 11,788 shares of the stock in a transaction on Monday, August 7th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP William W. Sengelmann sold 5,085 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $90.15, for a total transaction of $458,412.75. Following the sale, the executive vice president now 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 have sold 118,584 shares of company stock valued at $10,618,035 in the last ninety days. Insiders own 4.70% of the company’s stock.

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Shares of Camden Property Trust (NYSE CPT) traded up 0.22% during mid-day trading on Monday, hitting $92.61. 9,581 shares of the company were exchanged. Camden Property Trust has a 12-month low of $75.36 and a 12-month high of $96.39. The company’s 50-day moving average price is $91.95 and its 200-day moving average price is $86.65. The firm has a market capitalization of $8.12 billion, a P/E ratio of 20.72 and a beta of 0.41.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The firm had revenue of $222.40 million during the quarter, compared to the consensus estimate of $222.44 million. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm earned $1.15 earnings per share. Equities research analysts predict that Camden Property Trust will post $1.73 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Thursday, September 28th. Camden Property Trust’s payout ratio is currently 67.11%.

CPT has been the subject of several research reports. Royal Bank Of Canada increased their target price on shares of Camden Property Trust from $91.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. BidaskClub upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $93.00 target price on shares of Camden Property Trust in a research note on Wednesday, October 4th. KeyCorp raised their price target on shares of Camden Property Trust from $93.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, September 15th. Finally, Sandler O’Neill upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $93.00 to $105.00 in a research note on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Camden Property Trust presently has a consensus rating of “Buy” and a consensus price target of $92.20.

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.

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

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