Camden Property Trust (NYSE:CPT) Stock Position Lowered by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. lowered its position in shares of Camden Property Trust (NYSE:CPT) by 9.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,352 shares of the real estate investment trust’s stock after selling 8,748 shares during the quarter. Coronation Fund Managers Ltd.’s holdings in Camden Property Trust were worth $10,420,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in shares of Camden Property Trust by 4.3% during the 1st quarter. Van ECK Associates Corp now owns 45,307 shares of the real estate investment trust’s stock valued at $4,458,000 after purchasing an additional 1,848 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Camden Property Trust by 12.9% during the first quarter. BNP Paribas Financial Markets now owns 648,183 shares of the real estate investment trust’s stock worth $63,781,000 after buying an additional 74,227 shares in the last quarter. Nordea Investment Management AB grew its position in Camden Property Trust by 1.1% in the first quarter. Nordea Investment Management AB now owns 61,701 shares of the real estate investment trust’s stock worth $6,057,000 after buying an additional 644 shares during the last quarter. FORA Capital LLC increased its holdings in shares of Camden Property Trust by 33.0% in the first quarter. FORA Capital LLC now owns 29,110 shares of the real estate investment trust’s stock valued at $2,864,000 after buying an additional 7,228 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in shares of Camden Property Trust by 1.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 29,150 shares of the real estate investment trust’s stock valued at $2,868,000 after acquiring an additional 464 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CPT. Bank of America upgraded Camden Property Trust from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $111.00 to $147.00 in a report on Monday, August 12th. BNP Paribas began coverage on Camden Property Trust in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price target on the stock. The Goldman Sachs Group began coverage on Camden Property Trust in a report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price objective on the stock. UBS Group raised their target price on shares of Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $121.76.

Camden Property Trust Trading Down 1.8 %

NYSE CPT opened at $113.73 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 1-year low of $85.30 and a 1-year high of $127.69. The firm’s fifty day simple moving average is $122.03 and its 200-day simple moving average is $113.36. The company has a market capitalization of $12.13 billion, a PE ratio of 35.99, a price-to-earnings-growth ratio of 4.34 and a beta of 0.91.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). Camden Property Trust had a net margin of 22.32% and a return on equity of 6.91%. The firm had revenue of $387.15 million during the quarter, compared to analysts’ expectations of $384.76 million. During the same quarter last year, the firm earned $1.70 EPS. As a group, sell-side analysts anticipate that Camden Property Trust will post 6.78 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.62%. Camden Property Trust’s payout ratio is 130.38%.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.