Quantinno Capital Management LP Sells 8,542 Shares of Camden Property Trust $CPT

Quantinno Capital Management LP lowered its holdings in shares of Camden Property Trust (NYSE:CPT) by 1.7% in the first quarter, Holdings Channel.com reports. The fund owned 505,578 shares of the real estate investment trust’s stock after selling 8,542 shares during the quarter. Quantinno Capital Management LP’s holdings in Camden Property Trust were worth $49,375,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Entropy Technologies LP purchased a new stake in Camden Property Trust in the first quarter worth $357,000. Renaissance Technologies LLC boosted its stake in shares of Camden Property Trust by 49.7% during the first quarter. Renaissance Technologies LLC now owns 466,800 shares of the real estate investment trust’s stock valued at $45,588,000 after purchasing an additional 154,900 shares during the period. Compound Planning Inc. grew its holdings in shares of Camden Property Trust by 14.9% in the first quarter. Compound Planning Inc. now owns 2,915 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 379 shares during the last quarter. Inceptionr LLC grew its holdings in shares of Camden Property Trust by 325.8% in the first quarter. Inceptionr LLC now owns 19,167 shares of the real estate investment trust’s stock worth $1,872,000 after purchasing an additional 14,666 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Camden Property Trust by 27.1% in the 1st quarter. Sei Investments Co. now owns 81,788 shares of the real estate investment trust’s stock worth $7,988,000 after buying an additional 17,443 shares during the period. Institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

CPT has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price objective on shares of Camden Property Trust from $107.00 to $113.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Morgan Stanley raised their target price on shares of Camden Property Trust from $117.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Camden Property Trust in a research note on Friday, July 17th. Wall Street Zen lowered Camden Property Trust from a “hold” rating to a “sell” rating in a report on Sunday, June 21st. Finally, Barclays increased their price objective on Camden Property Trust from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Camden Property Trust has an average rating of “Hold” and a consensus price target of $116.40.

Camden Property Trust Stock Up 1.2%

NYSE:CPT opened at $116.44 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.42 and a quick ratio of 0.42. Camden Property Trust has a 1-year low of $96.53 and a 1-year high of $119.81. The company has a 50-day moving average of $112.31 and a 200 day moving average of $107.41. The firm has a market cap of $11.70 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 8.86 and a beta of 0.78.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. Camden Property Trust had a net margin of 24.69% and a return on equity of 8.71%. The business had revenue of $390.92 million for the quarter, compared to the consensus estimate of $378.11 million. During the same quarter last year, the firm posted $1.72 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, research analysts anticipate that Camden Property Trust will post 6.66 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were paid a dividend of $1.06 per share. The ex-dividend date was Tuesday, June 30th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.6%. Camden Property Trust’s dividend payout ratio (DPR) is currently 118.44%.

Camden Property Trust Company Profile

Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.

Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.