Dimensional Fund Advisors LP Has $114.74 Million Position in Camden Property Trust (CPT)

Dimensional Fund Advisors LP boosted its holdings in Camden Property Trust (NYSE:CPT) by 3.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,254,640 shares of the real estate investment trust’s stock after purchasing an additional 45,846 shares during the period. Dimensional Fund Advisors LP owned about 1.35% of Camden Property Trust worth $114,737,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Camden Property Trust by 20.3% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 28,377 shares of the real estate investment trust’s stock valued at $2,427,000 after purchasing an additional 4,788 shares during the last quarter. BlackRock Inc. boosted its holdings in Camden Property Trust by 3.1% in the second quarter. BlackRock Inc. now owns 10,451,376 shares of the real estate investment trust’s stock valued at $893,697,000 after purchasing an additional 310,886 shares during the last quarter. PGGM Investments boosted its holdings in Camden Property Trust by 2.0% in the third quarter. PGGM Investments now owns 816,511 shares of the real estate investment trust’s stock valued at $74,670,000 after purchasing an additional 16,000 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in Camden Property Trust by 5.9% in the third quarter. Mutual of America Capital Management LLC now owns 81,383 shares of the real estate investment trust’s stock valued at $7,442,000 after purchasing an additional 4,539 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in Camden Property Trust by 79.4% in the third quarter. Retirement Systems of Alabama now owns 202,680 shares of the real estate investment trust’s stock valued at $18,535,000 after purchasing an additional 89,696 shares during the last quarter. 96.86% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust (CPT) opened at $94.07 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.64. Camden Property Trust has a 1-year low of $78.38 and a 1-year high of $96.39. The company has a market capitalization of $8,624.35, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 3.80 and a beta of 0.41.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.03). Camden Property Trust had a return on equity of 4.71% and a net margin of 16.81%. The firm had revenue of $228.18 million for the quarter, compared to the consensus estimate of $226.41 million. During the same period in the prior year, the business earned $1.13 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. sell-side analysts expect that Camden Property Trust will post 4.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, December 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, December 14th. Camden Property Trust’s payout ratio is 182.93%.

A number of brokerages recently commented on CPT. J P Morgan Chase & Co raised Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 price target for the company in a report on Friday. Mizuho reissued a “hold” rating and issued a $90.00 price target on shares of Camden Property Trust in a report on Sunday, October 15th. BMO Capital Markets reissued a “buy” rating and issued a $97.00 price target on shares of Camden Property Trust in a report on Monday, November 27th. SunTrust Banks reaffirmed a “hold” rating and set a $93.00 target price on shares of Camden Property Trust in a report on Wednesday, October 4th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $96.00 target price (up previously from $92.00) on shares of Camden Property Trust in a report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $93.00.

In other news, Chairman Richard J. Campo sold 52,247 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $92.27, for a total transaction of $4,820,830.69. Following the sale, the chairman now directly owns 344,201 shares in the company, valued at approximately $31,759,426.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President D Keith Oden sold 55,682 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $92.27, for a total value of $5,137,778.14. Following the sale, the president now owns 364,771 shares in the company, valued at $33,657,420.17. The disclosure for this sale can be found here. Insiders have sold a total of 121,394 shares of company stock worth $11,201,585 over the last quarter. Insiders own 4.70% of the company’s stock.

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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.

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

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