Camden Property Trust (CPT) Position Trimmed by AEW Capital Management L P

AEW Capital Management L P reduced its stake in Camden Property Trust (NYSE:CPT) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 583,533 shares of the real estate investment trust’s stock after selling 25,100 shares during the quarter. Camden Property Trust comprises approximately 1.4% of AEW Capital Management L P’s portfolio, making the stock its 25th biggest holding. AEW Capital Management L P’s holdings in Camden Property Trust were worth $53,177,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fort Washington Investment Advisors Inc. OH raised its stake in Camden Property Trust by 5.6% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 11,300 shares of the real estate investment trust’s stock valued at $951,000 after purchasing an additional 600 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in 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 valued at $1,029,000 after acquiring an additional 630 shares during the last quarter. 6 Meridian grew its position in Camden Property Trust by 13.2% during the first quarter. 6 Meridian now owns 5,632 shares of the real estate investment trust’s stock valued at $474,000 after acquiring an additional 655 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Camden Property Trust by 1.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 68,400 shares of the real estate investment trust’s stock valued at $5,758,000 after acquiring an additional 683 shares during the last quarter. Finally, Comerica Bank grew its position in Camden Property Trust by 1.0% during the first quarter. Comerica Bank now owns 78,243 shares of the real estate investment trust’s stock valued at $6,645,000 after acquiring an additional 749 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of Camden Property Trust stock opened at $93.39 on Wednesday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.64. Camden Property Trust has a 52-week low of $78.19 and a 52-week high of $96.39. The company has a market capitalization of $8.57 billion, a PE ratio of 20.62, a PEG ratio of 3.10 and a beta of 0.38.



Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.78). Camden Property Trust had a return on equity of 5.79% and a net margin of 21.65%. The firm had revenue of $237.10 million during the quarter, compared to the consensus estimate of $235.47 million. During the same quarter in the prior year, the business posted $1.15 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. analysts predict that Camden Property Trust will post 4.75 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 17th. Stockholders of record on Friday, June 29th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Thursday, June 28th. Camden Property Trust’s dividend payout ratio is 67.99%.

In other news, COO H Malcolm Stewart sold 11,020 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $90.68, for a total value of $999,293.60. Following the transaction, the chief operating officer now owns 261,535 shares in the company, valued at $23,715,993.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William F. Paulsen sold 2,190 shares of the firm’s stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $90.54, for a total transaction of $198,282.60. Following the completion of the transaction, the director now owns 14,234 shares in the company, valued at approximately $1,288,746.36. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.

A number of research analysts have commented on the stock. Citigroup increased their price target on shares of Camden Property Trust from $91.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, August 8th. SunTrust Banks increased their price target on shares of Camden Property Trust to $95.00 and gave the company an “average” rating in a research report on Tuesday. They noted that the move was a valuation call. Royal Bank of Canada increased their price target on shares of Camden Property Trust to $97.00 and gave the company an “outperform” rating in a research report on Tuesday. Zacks Investment Research cut shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Finally, TheStreet upgraded shares of Camden Property Trust from a “c+” rating to a “b-” rating in a research report on Thursday, May 31st. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $94.13.

Camden Property Trust Profile

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 158 properties containing 54,181 apartment homes across the United States.

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

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