ING Groep NV raised its holdings in shares of Camden Property Trust (NYSE:CPT) by 23.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,982 shares of the real estate investment trust’s stock after purchasing an additional 2,663 shares during the quarter. ING Groep NV’s holdings in Camden Property Trust were worth $1,287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CPT. Janus Henderson Group PLC grew its stake in Camden Property Trust by 631.5% during the 2nd quarter. Janus Henderson Group PLC now owns 46,090 shares of the real estate investment trust’s stock valued at $3,941,000 after purchasing an additional 39,789 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Camden Property Trust during the 2nd quarter valued at approximately $516,000. The Manufacturers Life Insurance Company grew its stake in Camden Property Trust by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 129,415 shares of the real estate investment trust’s stock valued at $11,066,000 after purchasing an additional 2,373 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Camden Property Trust by 28.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 4,700 shares of the real estate investment trust’s stock valued at $402,000 after purchasing an additional 1,045 shares in the last quarter. Finally, Koch Industries Inc. acquired a new stake in Camden Property Trust during the 2nd quarter valued at approximately $236,000. Hedge funds and other institutional investors own 93.03% of the company’s stock.

A number of equities research analysts have weighed in on CPT shares. Sandler O’Neill set a $97.00 price objective on Camden Property Trust and gave the company a “buy” rating in a research note on Tuesday, February 6th. Stifel Nicolaus restated a “buy” rating and set a $94.00 price objective on shares of Camden Property Trust in a research note on Monday, February 5th. BMO Capital Markets set a $94.00 price objective on Camden Property Trust and gave the company a “buy” rating in a research note on Monday. Royal Bank of Canada restated a “buy” rating and set a $92.00 price objective on shares of Camden Property Trust in a research note on Monday. Finally, TheStreet lowered Camden Property Trust from a “b” rating to a “c+” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Camden Property Trust presently has a consensus rating of “Hold” and a consensus target price of $91.27.

In related news, Chairman Richard J. Campo sold 52,247 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $92.27, for a total value of $4,820,830.69. Following the sale, the chairman now owns 344,201 shares of the company’s stock, valued at approximately $31,759,426.27. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Richard J. Campo sold 379 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $94.44, for a total value of $35,792.76. Following the completion of the sale, the chairman now directly owns 338,519 shares in the company, valued at approximately $31,969,734.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 126,297 shares of company stock worth $11,635,108. 4.70% of the stock is currently owned by company insiders.

Camden Property Trust (NYSE CPT) opened at $81.19 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.63. Camden Property Trust has a 1-year low of $78.38 and a 1-year high of $96.39. The company has a market capitalization of $7,840.42, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 3.13 and a beta of 0.34.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.27). Camden Property Trust had a return on equity of 6.01% and a net margin of 21.80%. The firm had revenue of $229.80 million for the quarter, compared to the consensus estimate of $228.99 million. During the same period in the prior year, the business earned $1.15 EPS. The company’s quarterly revenue was up 5.8% on a year-over-year basis. sell-side analysts expect that Camden Property Trust will post 4.76 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Friday, March 30th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.75. Camden Property Trust’s dividend payout ratio (DPR) is currently 142.86%.

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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.

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

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