Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in shares of Camden Property Trust (NYSE:CPT) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 334,718 shares of the real estate investment trust’s stock after selling 3,352 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.36% of Camden Property Trust worth $30,610,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC lifted its holdings in shares of 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 buying an additional 67 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Camden Property Trust during the third quarter worth $110,000. Perigon Wealth Management LLC lifted its holdings in shares of Camden Property Trust by 59.3% during the second quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 800 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Camden Property Trust during the second quarter worth $201,000. Finally, Bbva Compass Bancshares Inc. acquired a new stake in shares of Camden Property Trust during the third quarter worth $234,000. 96.72% of the stock is owned by institutional investors.
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Camden Property Trust (CPT) opened at $93.18 on Friday. Camden Property Trust has a 12-month low of $76.89 and a 12-month 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 stock has a market capitalization of $8,635.47, a PE ratio of 20.71, a price-to-earnings-growth ratio of 3.80 and a beta of 0.42.
Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $228.18 million during the quarter, compared to the consensus estimate of $226.41 million. During the same quarter in the prior year, the firm earned $1.13 EPS. The business’s revenue was up 3.6% on a year-over-year basis. equities research analysts forecast that Camden Property Trust will post 4.53 EPS for the current year.
A number of research firms recently commented on CPT. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $93.00 price target on shares of Camden Property Trust in a research note on Wednesday, October 4th. Mizuho reaffirmed a “hold” rating and issued a $90.00 price target on shares of Camden Property Trust in a research note on Sunday, October 15th. BMO Capital Markets reaffirmed a “buy” rating and issued a $95.00 price target on shares of Camden Property Trust in a research note on Friday, September 8th. KeyCorp boosted their price target on Camden Property Trust from $93.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 15th. Finally, Deutsche Bank AG boosted their price target on Camden Property Trust from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $92.40.
Camden Property Trust Company 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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