Eagle Asset Management Inc. Has $22.50 Million Position in Camden Property Trust (NYSE:CPT)

Eagle Asset Management Inc. lowered its holdings in Camden Property Trust (NYSE:CPT) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 202,651 shares of the real estate investment trust’s stock after selling 13,642 shares during the quarter. Eagle Asset Management Inc.’s holdings in Camden Property Trust were worth $22,496,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Trust Advisors LP raised its position in shares of Camden Property Trust by 44.7% in the first quarter. First Trust Advisors LP now owns 37,445 shares of the real estate investment trust’s stock valued at $3,801,000 after buying an additional 11,574 shares in the last quarter. Eii Capital Management Inc. grew its stake in shares of Camden Property Trust by 10.2% during the second quarter. Eii Capital Management Inc. now owns 15,116 shares of the real estate investment trust’s stock worth $1,578,000 after buying an additional 1,399 shares during the last quarter. WINTON GROUP Ltd grew its stake in shares of Camden Property Trust by 8.8% during the second quarter. WINTON GROUP Ltd now owns 340,288 shares of the real estate investment trust’s stock worth $35,523,000 after buying an additional 27,575 shares during the last quarter. Retirement Systems of Alabama grew its stake in shares of Camden Property Trust by 7.0% during the second quarter. Retirement Systems of Alabama now owns 269,353 shares of the real estate investment trust’s stock worth $28,118,000 after buying an additional 17,560 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Camden Property Trust during the second quarter worth $354,000. 93.56% of the stock is owned by institutional investors and hedge funds.

Shares of Camden Property Trust stock traded down $0.15 during trading on Friday, hitting $110.12. The company’s stock had a trading volume of 326,227 shares, compared to its average volume of 489,332. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.76 and a quick ratio of 0.94. Camden Property Trust has a 52 week low of $83.67 and a 52 week high of $116.67. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 3.22 and a beta of 0.39. The stock has a 50-day moving average price of $112.64 and a two-hundred day moving average price of $107.13.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.84). Camden Property Trust had a return on equity of 4.53% and a net margin of 16.22%. The business had revenue of $260.67 million during the quarter, compared to the consensus estimate of $259.56 million. During the same period in the prior year, the firm earned $1.20 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts predict that Camden Property Trust will post 5.02 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a $0.80 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.20 annualized dividend and a dividend yield of 2.91%. Camden Property Trust’s dividend payout ratio is 67.09%.

CPT has been the topic of a number of research reports. KeyCorp boosted their target price on shares of Camden Property Trust from $112.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. ValuEngine cut shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. DA Davidson cut shares of Camden Property Trust from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 23rd. Barclays reaffirmed a “buy” rating and set a $124.00 target price on shares of Camden Property Trust in a research note on Sunday, October 13th. Finally, Zacks Investment Research cut shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Camden Property Trust presently has an average rating of “Buy” and an average price target of $112.29.

Camden Property Trust Profile

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States.

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

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