Sumitomo Mitsui Trust Holdings Inc. Cuts Holdings in Camden Property Trust (CPT)

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.

TRADEMARK VIOLATION WARNING: This report was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://sportsperspectives.com/2017/11/24/sumitomo-mitsui-trust-holdings-inc-cuts-holdings-in-camden-property-trust-cpt.html.

In other news, Chairman Richard J. Campo sold 379 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was 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 $31,969,734.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.70% of the company’s stock.

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.

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).

Institutional Ownership by Quarter 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.

Latest News

Leave a Reply