Canada Pension Plan Investment Board grew its holdings in shares of Camden Property Trust (NYSE:CPT) by 1,060.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,300 shares of the real estate investment trust’s stock after purchasing an additional 94,400 shares during the quarter. Canada Pension Plan Investment Board owned about 0.11% of Camden Property Trust worth $9,666,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CPT. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Camden Property Trust by 1.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 82,774 shares of the real estate investment trust’s stock worth $7,543,000 after acquiring an additional 1,405 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Camden Property Trust by 5.9% during the second quarter. Crossmark Global Holdings Inc. now owns 11,295 shares of the real estate investment trust’s stock worth $1,029,000 after acquiring an additional 630 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Camden Property Trust by 4.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 406,981 shares of the real estate investment trust’s stock worth $37,088,000 after acquiring an additional 18,569 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Camden Property Trust by 13.7% during the second quarter. Wells Fargo & Company MN now owns 365,592 shares of the real estate investment trust’s stock worth $33,317,000 after acquiring an additional 43,980 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Camden Property Trust during the second quarter worth about $1,358,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

NYSE:CPT opened at $94.36 on Friday. The stock has a market capitalization of $8.64 billion, a P/E ratio of 20.83, a PEG ratio of 2.95 and a beta of 0.36. Camden Property Trust has a one year low of $78.19 and a one year high of $95.67. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.20 and a quick ratio of 0.20.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.79). The firm had revenue of $241.77 million during the quarter, compared to analyst estimates of $238.79 million. Camden Property Trust had a return on equity of 5.94% and a net margin of 21.81%. On average, analysts predict that Camden Property Trust will post 4.77 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 17th. Investors of record on Monday, December 17th will be paid a $0.77 dividend. The ex-dividend date is Friday, December 14th. This represents a $3.08 dividend on an annualized basis and a yield of 3.26%. Camden Property Trust’s dividend payout ratio (DPR) is 67.99%.

In other Camden Property Trust news, Director William B. Mcguire sold 2,190 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $92.60, for a total value of $202,794.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO H Malcolm Stewart sold 27,474 shares of Camden Property Trust stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $94.84, for a total value of $2,605,634.16. Following the completion of the transaction, the chief operating officer now owns 172,227 shares of the company’s stock, valued at $16,334,008.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,505 shares of company stock valued at $8,947,652. 4.70% of the stock is currently owned by insiders.

A number of brokerages have recently issued reports on CPT. Zacks Investment Research lowered Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Thursday, October 18th. Royal Bank of Canada lifted their target price on Camden Property Trust to $97.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 14th. SunTrust Banks lifted their target price on Camden Property Trust to $95.00 and gave the stock an “average” rating in a research report on Tuesday, August 14th. They noted that the move was a valuation call. Citigroup lifted their target price on Camden Property Trust from $95.00 to $96.00 and gave the stock a “hold” rating in a research report on Tuesday, October 30th. Finally, Wells Fargo & Co set a $99.00 target price on Camden Property Trust and gave the stock a “hold” rating in a research report on Tuesday, November 6th. Ten analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $95.29.

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

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