Candriam Luxembourg S.C.A. Has $833,000 Holdings in Camden Property Trust (CPT)
Candriam Luxembourg S.C.A. cut its holdings in shares of Camden Property Trust (NYSE:CPT) by 48.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,110 shares of the real estate investment trust’s stock after selling 8,592 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Camden Property Trust were worth $833,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. American Century Companies Inc. bought a new stake in shares of Camden Property Trust in the 3rd quarter valued at approximately $65,671,000. Goldman Sachs Group Inc. increased its holdings in shares of Camden Property Trust by 32.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,312,251 shares of the real estate investment trust’s stock valued at $112,211,000 after acquiring an additional 318,689 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Camden Property Trust by 3.1% in the 2nd quarter. BlackRock Inc. now owns 10,451,376 shares of the real estate investment trust’s stock valued at $893,697,000 after acquiring an additional 310,886 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Camden Property Trust by 51.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 774,012 shares of the real estate investment trust’s stock valued at $66,224,000 after acquiring an additional 263,839 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Camden Property Trust in the 2nd quarter valued at approximately $236,000. Institutional investors own 96.72% of the company’s stock.
In other Camden Property Trust news, Chairman Richard J. Campo sold 379 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $94.44, for a total transaction of $35,792.76. Following the completion of the transaction, the chairman now owns 338,519 shares in the company, valued at approximately $31,969,734.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.70% of the company’s stock.
CPT has been the subject of a number of research analyst reports. Sandler O’Neill upgraded 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 report on Tuesday, September 5th. UBS AG reiterated a “sell” rating and issued a $86.00 price target (up from $80.00) on shares of Camden Property Trust in a report on Thursday, September 14th. Stifel Nicolaus initiated coverage on Camden Property Trust in a report on Friday, September 1st. They issued a “buy” rating and a $99.00 price target for the company. BMO Capital Markets reiterated a “buy” rating and issued a $95.00 price target on shares of Camden Property Trust in a report on Friday, September 8th. Finally, KeyCorp boosted their price target on Camden Property Trust from $93.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, September 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $92.31.
Camden Property Trust (CPT) opened at $93.08 on Monday. The company has a market capitalization of $8,626.20, a price-to-earnings ratio of 20.68, a P/E/G ratio of 3.80 and a beta of 0.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.94 and a current ratio of 1.94. 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 issued its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $1.11 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.03). Camden Property Trust had a return on equity of 4.71% and a net margin of 16.81%. The company had revenue of $228.18 million for the quarter, compared to the consensus estimate of $226.41 million. During the same quarter in the previous year, the company earned $1.13 earnings per share. Camden Property Trust’s quarterly revenue was up 3.6% compared to the same quarter last year. analysts anticipate that Camden Property Trust will post 4.53 earnings per share for the current year.
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.
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