Camden Property Trust (CPT) Position Boosted by Voya Investment Management LLC

Voya Investment Management LLC boosted its holdings in Camden Property Trust (NYSE:CPT) by 1,134.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 301,756 shares of the real estate investment trust’s stock after buying an additional 277,313 shares during the quarter. Voya Investment Management LLC owned approximately 0.33% of Camden Property Trust worth $27,499,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CPT. Wells Fargo & Company MN increased its holdings in Camden Property Trust by 55.2% in the first quarter. Wells Fargo & Company MN now owns 321,612 shares of the real estate investment trust’s stock valued at $27,072,000 after buying an additional 114,341 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Camden Property Trust by 13,706.7% in the first quarter. Victory Capital Management Inc. now owns 191,361 shares of the real estate investment trust’s stock valued at $16,110,000 after buying an additional 189,975 shares during the last quarter. Eaton Vance Management increased its holdings in Camden Property Trust by 17.7% in the first quarter. Eaton Vance Management now owns 13,714 shares of the real estate investment trust’s stock valued at $1,154,000 after buying an additional 2,062 shares during the last quarter. Aperio Group LLC increased its holdings in Camden Property Trust by 24.9% in the first quarter. Aperio Group LLC now owns 21,284 shares of the real estate investment trust’s stock valued at $1,792,000 after buying an additional 4,237 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in Camden Property Trust by 9.9% in the first quarter. Neuberger Berman Group LLC now owns 137,896 shares of the real estate investment trust’s stock valued at $11,646,000 after buying an additional 12,462 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CPT stock opened at $94.54 on Friday. The stock has a market cap of $8.78 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 3.17 and a beta of 0.27. Camden Property Trust has a 1 year low of $78.19 and a 1 year high of $95.67. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.54 and a current ratio of 0.54.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.78). The firm had revenue of $237.10 million for the quarter, compared to analysts’ expectations of $235.47 million. Camden Property Trust had a return on equity of 5.79% and a net margin of 21.65%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.15 EPS. analysts predict that Camden Property Trust will post 4.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 17th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.26%. Camden Property Trust’s payout ratio is 67.99%.

In related news, President D Keith Oden sold 37,518 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $93.75, for a total transaction of $3,517,312.50. Following the transaction, the president now owns 308,518 shares of the company’s stock, valued at $28,923,562.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Alexander J. Jessett sold 9,674 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $94.61, for a total value of $915,257.14. Following the transaction, the chief financial officer now directly owns 58,012 shares in the company, valued at approximately $5,488,515.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 245,731 shares of company stock worth $23,087,928. Corporate insiders own 4.70% of the company’s stock.

CPT has been the topic of several recent analyst reports. Sandler O’Neill set a $105.00 target price on Camden Property Trust and gave the company a “buy” rating in a report on Friday, August 3rd. Zacks Investment Research raised Camden Property Trust from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Tuesday, July 17th. Deutsche Bank increased their target price on Camden Property Trust from $92.00 to $93.00 and gave the company a “hold” rating in a report on Wednesday, September 5th. Bank of America increased their target price on Camden Property Trust from $103.00 to $104.00 and gave the company a “buy” rating in a report on Friday, June 8th. Finally, Goldman Sachs Group raised Camden Property Trust from a “buy” rating to a “conviction-buy” rating in a report on Thursday, May 31st. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Camden Property Trust presently has a consensus rating of “Buy” and an average target price of $94.67.

About Camden Property Trust

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 158 properties containing 54,181 apartment homes across the United States.

Further Reading: How to Invest in Growth Stocks

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.

Leave a Reply