Geode Capital Management LLC Has $200.61 Million Stake in Camden Property Trust (NYSE:CPT)

Geode Capital Management LLC boosted its position in shares of Camden Property Trust (NYSE:CPT) by 4.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,513,930 shares of the real estate investment trust’s stock after acquiring an additional 63,321 shares during the quarter. Geode Capital Management LLC’s holdings in Camden Property Trust were worth $200,607,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its position in Camden Property Trust by 133.3% during the second quarter. O Shaughnessy Asset Management LLC now owns 189 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 108 shares in the last quarter. FFT Wealth Management LLC bought a new stake in Camden Property Trust during the second quarter worth $29,000. Baldrige Asset Management LLC bought a new stake in Camden Property Trust during the second quarter worth $32,000. Quadrant Capital Group LLC raised its position in Camden Property Trust by 36.2% during the first quarter. Quadrant Capital Group LLC now owns 395 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 105 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Camden Property Trust during the first quarter worth $56,000. 95.61% of the stock is currently owned by hedge funds and other institutional investors.

CPT has been the topic of several research analyst reports. Zacks Investment Research raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a research report on Friday, September 24th. The Goldman Sachs Group initiated coverage on shares of Camden Property Trust in a research report on Thursday, September 23rd. They issued a “buy” rating and a $172.00 price objective on the stock. Capital One Financial reissued an “overweight” rating on shares of Camden Property Trust in a research report on Thursday, August 5th. Barclays initiated coverage on shares of Camden Property Trust in a research report on Wednesday, September 1st. They issued an “overweight” rating and a $162.00 price objective on the stock. Finally, Bank of America raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $160.00 to $178.00 in a research report on Monday, September 27th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Camden Property Trust currently has an average rating of “Buy” and a consensus target price of $149.00.

Shares of CPT opened at $156.75 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.84. Camden Property Trust has a 12-month low of $86.78 and a 12-month high of $156.91. The business’s 50 day moving average is $149.17 and its 200 day moving average is $135.81. The company has a market capitalization of $15.77 billion, a PE ratio of 125.40, a price-to-earnings-growth ratio of 16.12 and a beta of 0.73.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, July 29th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.97). Camden Property Trust had a return on equity of 3.50% and a net margin of 11.73%. Equities research analysts predict that Camden Property Trust will post 5.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 18th. Shareholders of record on Thursday, September 30th will be given a dividend of $0.83 per share. The ex-dividend date is Wednesday, September 29th. This represents a $3.32 dividend on an annualized basis and a yield of 2.12%. Camden Property Trust’s dividend payout ratio is currently 67.76%.

In other news, Director Frances Aldrich Sevilla-Sacasa sold 2,681 shares of Camden Property Trust stock in a transaction dated Wednesday, September 15th. The stock was sold at an average price of $151.83, for a total transaction of $407,056.23. Following the sale, the director now owns 18,471 shares in the company, valued at $2,804,451.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman D Keith Oden sold 14,424 shares of the business’s stock in a transaction dated Tuesday, August 3rd. The shares were sold at an average price of $148.62, for a total value of $2,143,694.88. The disclosure for this sale can be found here. Insiders have sold 86,208 shares of company stock valued at $12,826,682 in the last three months. Insiders own 2.80% of the company’s stock.

About Camden Property Trust

Camden Property Trust operates as a real estate investment trust. The firm engages in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. It focuses on maintaining a geographically portfolio of apartment homes located across the U.S.

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

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