Oregon Public Employees Retirement Fund raised its position in shares of Camden Property Trust (NYSE:CPT) by 5.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,123 shares of the real estate investment trust’s stock after purchasing an additional 1,940 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Camden Property Trust were worth $4,084,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPT. Dimensional Fund Advisors LP raised its position in Camden Property Trust by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,380,599 shares of the real estate investment trust’s stock valued at $121,560,000 after purchasing an additional 5,954 shares in the last quarter. Geode Capital Management LLC raised its position in Camden Property Trust by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 1,280,615 shares of the real estate investment trust’s stock valued at $112,701,000 after purchasing an additional 98,418 shares in the last quarter. Suntrust Banks Inc. raised its position in Camden Property Trust by 6.3% during the fourth quarter. Suntrust Banks Inc. now owns 2,355 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 140 shares in the last quarter. FMR LLC raised its position in Camden Property Trust by 8.2% during the fourth quarter. FMR LLC now owns 1,965,670 shares of the real estate investment trust’s stock valued at $173,077,000 after purchasing an additional 148,529 shares in the last quarter. Finally, Norges Bank purchased a new stake in Camden Property Trust during the fourth quarter valued at about $60,080,000. Institutional investors and hedge funds own 92.94% of the company’s stock.
In other news, Chairman Richard J. Campo sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $105.32, for a total value of $6,319,200.00. Following the sale, the chairman now directly owns 273,948 shares of the company’s stock, valued at approximately $28,852,203.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO H Malcolm Stewart sold 16,200 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $107.17, for a total value of $1,736,154.00. Following the completion of the sale, the chief operating officer now directly owns 149,537 shares in the company, valued at $16,025,880.29. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 115,679 shares of company stock worth $12,211,588. Insiders own 3.40% of the company’s stock.
Shares of NYSE CPT traded down $0.49 during trading hours on Thursday, hitting $103.22. The company’s stock had a trading volume of 38,856 shares, compared to its average volume of 405,045. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.21 and a current ratio of 0.94. The stock has a market capitalization of $10.28 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 3.18 and a beta of 0.45. Camden Property Trust has a 12 month low of $83.67 and a 12 month high of $110.42. The stock has a 50-day moving average price of $106.77.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.84). The firm had revenue of $255.76 million for the quarter, compared to the consensus estimate of $252.76 million. Camden Property Trust had a net margin of 16.05% and a return on equity of 4.48%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share. On average, equities research analysts anticipate that Camden Property Trust will post 5.08 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, June 27th. This represents a $3.20 annualized dividend and a yield of 3.10%. Camden Property Trust’s payout ratio is 67.09%.
Camden Property Trust Company 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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