State of Wisconsin Investment Board grew its stake in shares of Camden Property Trust (NYSE:CPT) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,144 shares of the real estate investment trust’s stock after purchasing an additional 3,260 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.11% of Camden Property Trust worth $8,701,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in CPT. YorkBridge Wealth Partners LLC raised its holdings in Camden Property Trust by 6.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 67 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of Camden Property Trust in the 3rd quarter valued at $110,000. Perigon Wealth Management LLC increased its holdings in shares of Camden Property Trust by 59.3% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 800 shares during the period. Eqis Capital Management Inc. acquired a new position in shares of Camden Property Trust in the 2nd quarter valued at $201,000. Finally, Sawtooth Solutions LLC increased its holdings in shares of Camden Property Trust by 2.7% in the 2nd quarter. Sawtooth Solutions LLC now owns 2,701 shares of the real estate investment trust’s stock valued at $231,000 after acquiring an additional 72 shares during the period. 92.41% of the stock is currently owned by institutional investors.
CPT has been the topic of a number of recent research reports. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $93.00 target price on shares of Camden Property Trust in a report on Wednesday, October 4th. Mizuho reaffirmed a “hold” rating and issued a $90.00 target price on shares of Camden Property Trust in a report on Sunday, October 15th. BMO Capital Markets reaffirmed a “buy” rating and issued a $95.00 target price on shares of Camden Property Trust in a report on Friday, September 8th. KeyCorp lifted their target price on shares of Camden Property Trust from $93.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, September 15th. Finally, Deutsche Bank AG lifted their target price on shares of Camden Property Trust from $84.00 to $85.00 and gave the company a “hold” rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $92.31.
Camden Property Trust (CPT) opened at $93.08 on Friday. Camden Property Trust has a 1 year low of $75.36 and a 1 year high of $96.39. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.94 and a quick ratio of 1.94. The firm has a market cap of $8,796.72, a price-to-earnings ratio of 21.09, a P/E/G ratio of 3.87 and a beta of 0.42.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.03). Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The firm had revenue of $228.18 million during the quarter, compared to analysts’ expectations of $226.41 million. During the same quarter last year, the business earned $1.13 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. equities analysts anticipate that Camden Property Trust will post 4.53 earnings per share for the current year.
In other Camden Property Trust news, Chairman Richard J. Campo sold 379 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $94.44, for a total transaction of $35,792.76. Following the sale, the chairman now directly owns 338,519 shares in the company, valued at approximately $31,969,734.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.70% of the stock is currently owned by insiders.
About Camden Property Trust
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.
Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPT).
Receive News & Ratings for Camden Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.