Raymond James Trust N.A. cut its position in Camden Property Trust (NYSE:CPT) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,729 shares of the real estate investment trust’s stock after selling 452 shares during the period. Raymond James Trust N.A.’s holdings in Camden Property Trust were worth $661,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CPT. BlackRock Inc. boosted its position in Camden Property Trust by 3,883.3% in the first quarter. BlackRock Inc. now owns 10,140,490 shares of the real estate investment trust’s stock valued at $815,902,000 after buying an additional 9,885,917 shares in the last quarter. Morgan Stanley boosted its position in Camden Property Trust by 35.4% in the first quarter. Morgan Stanley now owns 3,501,894 shares of the real estate investment trust’s stock valued at $281,763,000 after buying an additional 915,901 shares in the last quarter. Prudential Financial Inc. boosted its position in Camden Property Trust by 234.2% in the first quarter. Prudential Financial Inc. now owns 1,074,799 shares of the real estate investment trust’s stock valued at $86,478,000 after buying an additional 753,214 shares in the last quarter. Vanguard Group Inc. boosted its position in Camden Property Trust by 2.6% in the first quarter. Vanguard Group Inc. now owns 14,104,790 shares of the real estate investment trust’s stock valued at $1,134,871,000 after buying an additional 357,480 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Camden Property Trust by 51.7% in the second quarter. Russell Investments Group Ltd. now owns 774,012 shares of the real estate investment trust’s stock valued at $66,224,000 after buying an additional 263,839 shares in the last quarter. Hedge funds and other institutional investors own 95.94% of the company’s stock.

Camden Property Trust (NYSE CPT) opened at 93.96 on Friday. The firm has a 50 day moving average of $90.50 and a 200-day moving average of $85.36. The company has a market capitalization of $8.24 billion, a P/E ratio of 21.02 and a beta of 0.38. Camden Property Trust has a 52 week low of $75.36 and a 52 week high of $96.39.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The company had revenue of $222.40 million for the quarter, compared to the consensus estimate of $222.44 million. During the same period last year, the company posted $1.15 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, analysts forecast that Camden Property Trust will post $1.71 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.19%. Camden Property Trust’s payout ratio is currently 67.11%.

In related news, EVP William W. Sengelmann sold 5,085 shares of Camden Property Trust stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $90.15, for a total transaction of $458,412.75. Following the sale, the executive vice president now directly owns 71,836 shares in the company, valued at approximately $6,476,015.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President D Keith Oden sold 86,540 shares of Camden Property Trust stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.43, for a total transaction of $7,739,272.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,584 shares of company stock worth $10,618,035. 4.70% of the stock is currently owned by corporate insiders.

A number of research firms have commented on CPT. UBS AG restated a “sell” rating and issued a $86.00 price target (up from $80.00) on shares of Camden Property Trust in a research report on Thursday. BMO Capital Markets restated a “buy” rating and issued a $95.00 price target on shares of Camden Property Trust in a research report on Friday, September 8th. Royal Bank Of Canada boosted their price target on shares of Camden Property Trust from $91.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. Deutsche Bank AG boosted their price target on shares of Camden Property Trust from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, August 18th. Finally, Sandler O’Neill upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $93.00 to $105.00 in a research report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $90.73.

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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. 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.

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

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