Camden Property Trust (CPT) is Heitman Real Estate Securities LLC’s 9th Largest Position

Heitman Real Estate Securities LLC raised its holdings in Camden Property Trust (NYSE:CPT) by 233.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 591,327 shares of the real estate investment trust’s stock after acquiring an additional 414,166 shares during the period. Camden Property Trust makes up 3.1% of Heitman Real Estate Securities LLC’s investment portfolio, making the stock its 9th largest position. Heitman Real Estate Securities LLC’s holdings in Camden Property Trust were worth $54,438,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Retirement Systems of Alabama raised its holdings in shares of Camden Property Trust by 79.4% in the 3rd quarter. Retirement Systems of Alabama now owns 202,680 shares of the real estate investment trust’s stock valued at $18,535,000 after acquiring an additional 89,696 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Camden Property Trust by 13.2% in the 3rd quarter. Macquarie Group Ltd. now owns 174,782 shares of the real estate investment trust’s stock valued at $15,984,000 after acquiring an additional 20,340 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Camden Property Trust by 4.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 144,505 shares of the real estate investment trust’s stock valued at $13,215,000 after acquiring an additional 6,756 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Camden Property Trust in the 3rd quarter valued at about $20,055,000. Finally, New York State Common Retirement Fund raised its holdings in shares of Camden Property Trust by 1.2% in the 3rd quarter. New York State Common Retirement Fund now owns 204,728 shares of the real estate investment trust’s stock valued at $18,722,000 after acquiring an additional 2,500 shares in the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust (NYSE:CPT) opened at $82.54 on Friday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $7,653.19, a PE ratio of 39.30, a PEG ratio of 2.86 and a beta of 0.41. Camden Property Trust has a 1 year low of $78.19 and a 1 year high of $96.39.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.27). Camden Property Trust had a return on equity of 6.01% and a net margin of 21.80%. The company had revenue of $229.80 million for the quarter, compared to the consensus estimate of $228.99 million. During the same quarter in the previous year, the business earned $1.15 earnings per share. Camden Property Trust’s revenue was up 5.8% compared to the same quarter last year. sell-side analysts anticipate that Camden Property Trust will post 4.73 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 30th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.73%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.75. The ex-dividend date is Wednesday, March 28th. Camden Property Trust’s dividend payout ratio (DPR) is presently 142.86%.

In related news, Director Kelvin R. Westbrook sold 425 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $88.42, for a total transaction of $37,578.50. Following the transaction, the director now directly owns 20,477 shares in the company, valued at approximately $1,810,576.34. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President D Keith Oden sold 55,682 shares of the firm’s 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 transaction, 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. Over the last 90 days, insiders have sold 60,585 shares of company stock worth $5,571,301. 4.70% of the stock is owned by corporate insiders.

CPT has been the topic of several recent analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $97.00 price target on shares of Camden Property Trust in a report on Monday, November 27th. JPMorgan Chase & Co. raised Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 price target on the stock in a report on Friday, December 15th. Robert W. Baird reaffirmed a “hold” rating and issued a $93.00 price target on shares of Camden Property Trust in a report on Tuesday, January 9th. Zacks Investment Research cut Camden Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Finally, TheStreet lowered Camden Property Trust from a “b” rating to a “c+” rating in a research report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $90.57.

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

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