Vanguard Group Inc. raised its stake in shares of Camden Property Trust (NYSE:CPT) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,413,156 shares of the real estate investment trust’s stock after buying an additional 327,510 shares during the period. Vanguard Group Inc. owned approximately 15.34% of Camden Property Trust worth $1,185,990,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CPT. Investment Counselors of Maryland LLC increased its stake in shares of Camden Property Trust by 6.4% in the second quarter. Investment Counselors of Maryland LLC now owns 1,660 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 100 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in shares of Camden Property Trust during the first quarter worth about $212,000. AlphaMark Advisors LLC increased its stake in shares of Camden Property Trust by 0.9% in the second quarter. AlphaMark Advisors LLC now owns 2,850 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 25 shares during the last quarter. AXA increased its stake in shares of Camden Property Trust by 2.4% in the first quarter. AXA now owns 3,086 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 73 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Camden Property Trust by 0.3% in the second quarter. CIBC Asset Management Inc now owns 3,164 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 8 shares during the last quarter. Institutional investors and hedge funds own 96.55% of the company’s stock.

Camden Property Trust (NYSE:CPT) traded up 0.82% on Tuesday, reaching $88.13. 67,857 shares of the company’s stock traded hands. The firm’s 50-day moving average is $87.01 and its 200 day moving average is $84.83. The firm has a market cap of $7.70 billion, a PE ratio of 13.61 and a beta of 0.65. Camden Property Trust has a 12 month low of $67.27 and a 12 month high of $90.91.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $1.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.15. Camden Property Trust had a return on equity of 6.89% and a net margin of 65.37%. The company earned $221.50 million during the quarter, compared to analyst estimates of $220.32 million. During the same quarter in the previous year, the firm earned $1.12 earnings per share. Camden Property Trust’s revenue was up 7.3% on a year-over-year basis. Equities analysts predict that Camden Property Trust will post $4.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Wednesday, September 28th. Camden Property Trust’s payout ratio is 46.44%.

CPT has been the topic of a number of analyst reports. SunTrust Banks Inc. downgraded shares of Camden Property Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $87.00 to $84.00 in a research note on Thursday, June 2nd. They noted that the move was a valuation call. Zelman & Associates downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, June 22nd. Zacks Investment Research upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Deutsche Bank AG reiterated a “hold” rating and set a $84.00 price objective (up from $83.00) on shares of Camden Property Trust in a research note on Monday, July 18th. Finally, Barclays PLC increased their price objective on shares of Camden Property Trust from $91.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 19th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Camden Property Trust currently has an average rating of “Hold” and a consensus price target of $87.85.

In other news, Chairman Richard J. Campo sold 22,318 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $88.33, for a total transaction of $1,971,348.94. Following the completion of the transaction, the chairman now owns 410,649 shares of the company’s stock, valued at $36,272,626.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William W. Sengelmann sold 2,398 shares of the business’s stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $84.50, for a total value of $202,631.00. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.

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. The Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.

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