Parametric Portfolio Associates LLC lifted its holdings in shares of Camden Property Trust (NYSE:CPT) by 1.6% in the second quarter, Holdings Channel.com reports. The fund owned 189,289 shares of the real estate investment trust’s stock after purchasing an additional 3,062 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Camden Property Trust were worth $19,760,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in CPT. BlackRock Inc. lifted its holdings in shares of Camden Property Trust by 3.2% during the 1st quarter. BlackRock Inc. now owns 13,184,993 shares of the real estate investment trust’s stock worth $1,338,278,000 after acquiring an additional 408,477 shares during the period. Schroder Investment Management Group bought a new position in shares of Camden Property Trust during the 2nd quarter worth about $28,765,000. TD Asset Management Inc. bought a new position in shares of Camden Property Trust during the 2nd quarter worth about $24,027,000. JPMorgan Chase & Co. lifted its holdings in shares of Camden Property Trust by 18.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 830,416 shares of the real estate investment trust’s stock worth $86,073,000 after acquiring an additional 129,023 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Camden Property Trust by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 1,280,615 shares of the real estate investment trust’s stock worth $112,701,000 after acquiring an additional 98,418 shares during the period. 93.43% of the stock is owned by institutional investors.
Shares of Camden Property Trust stock traded down $0.08 during mid-day trading on Friday, reaching $110.29. 2,549 shares of the stock were exchanged, compared to its average volume of 407,846. The company has a market cap of $10.72 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 3.18 and a beta of 0.43. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.67. The firm has a 50-day simple moving average of $107.09 and a 200 day simple moving average of $104.09. Camden Property Trust has a fifty-two week low of $83.67 and a fifty-two week high of $111.23.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Friday, September 27th. Camden Property Trust’s payout ratio is presently 67.09%.
CPT has been the subject of a number of recent analyst reports. SunTrust Banks increased their target price on shares of Camden Property Trust to $108.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. KeyCorp increased their target price on shares of Camden Property Trust from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Zelman & Associates upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. Capital One Financial upgraded shares of Camden Property Trust from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $107.00 to $119.00 in a research report on Monday. Finally, Zacks Investment Research cut shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $105.92.
In other Camden Property Trust news, Director William B. Mcguire sold 1,979 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $104.12, for a total value of $206,053.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.40% of the company’s stock.
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 161 properties containing 55,160 apartment homes across the United States.
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