Nordea Investment Management AB lifted its holdings in shares of Camden Property Trust (NYSE:CPT – Free Report) by 141.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,172 shares of the real estate investment trust’s stock after buying an additional 32,919 shares during the period. Nordea Investment Management AB owned 0.05% of Camden Property Trust worth $5,387,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Apollon Wealth Management LLC bought a new stake in shares of Camden Property Trust during the 2nd quarter valued at about $384,000. DekaBank Deutsche Girozentrale grew its position in shares of Camden Property Trust by 0.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 97,859 shares of the real estate investment trust’s stock valued at $9,272,000 after buying an additional 317 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Camden Property Trust by 11.3% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 156,338 shares of the real estate investment trust’s stock valued at $17,021,000 after buying an additional 15,851 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Camden Property Trust by 7.2% during the 2nd quarter. California Public Employees Retirement System now owns 306,937 shares of the real estate investment trust’s stock valued at $33,416,000 after buying an additional 20,622 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Camden Property Trust by 3,054.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 28,232 shares of the real estate investment trust’s stock valued at $2,670,000 after buying an additional 27,337 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.
Insider Buying and Selling
In related news, CEO Richard J. Campo sold 38,336 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $98.22, for a total value of $3,765,361.92. Following the completion of the sale, the chief executive officer now owns 267,132 shares in the company, valued at approximately $26,237,705.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Camden Property Trust news, CEO Richard J. Campo sold 38,336 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $98.22, for a total value of $3,765,361.92. Following the completion of the sale, the chief executive officer now owns 267,132 shares in the company, valued at approximately $26,237,705.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP William W. Sengelmann sold 6,493 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $98.21, for a total transaction of $637,677.53. Following the completion of the sale, the executive vice president now owns 75,082 shares of the company’s stock, valued at approximately $7,373,803.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,957 shares of company stock worth $5,495,920. Corporate insiders own 2.00% of the company’s stock.
Camden Property Trust Trading Up 1.0 %
Camden Property Trust stock opened at $95.39 on Thursday. The stock has a market capitalization of $10.18 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 3.55 and a beta of 0.84. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $119.33. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.10. The firm has a 50 day simple moving average of $97.21 and a 200-day simple moving average of $96.89.
Camden Property Trust (NYSE:CPT – Get Free Report) last issued its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.31. The firm had revenue of $387.59 million during the quarter, compared to analysts’ expectations of $387.33 million. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $1.74 earnings per share. As a group, equities research analysts expect that Camden Property Trust will post 6.78 EPS for the current fiscal year.
Camden Property Trust Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 29th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 4.32%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Wednesday, March 27th. Camden Property Trust’s dividend payout ratio (DPR) is presently 108.11%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on CPT. BMO Capital Markets reaffirmed a “market perform” rating and set a $100.00 price objective on shares of Camden Property Trust in a research report on Friday, December 15th. Royal Bank of Canada restated an “outperform” rating and issued a $103.00 target price on shares of Camden Property Trust in a research report on Monday, February 5th. Bank of America cut shares of Camden Property Trust from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $101.00 to $84.00 in a research report on Tuesday, October 31st. Truist Financial decreased their target price on shares of Camden Property Trust from $122.00 to $121.00 and set a “buy” rating for the company in a research report on Tuesday, January 16th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Camden Property Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $90.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $104.65.
Camden Property Trust Profile
Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,634 apartment homes across the United States.
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