Camden Property Trust (CPT) Shares Bought by Riverhead Capital Management LLC

Riverhead Capital Management LLC grew its stake in Camden Property Trust (NYSE:CPT) by 65.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,792 shares of the real estate investment trust’s stock after buying an additional 2,692 shares during the period. Riverhead Capital Management LLC’s holdings in Camden Property Trust were worth $581,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of 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 worth $1,134,871,000 after buying an additional 357,480 shares during the last quarter. BlackRock Inc. raised its holdings in shares of 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 worth $815,902,000 after buying an additional 9,885,917 shares during the last quarter. State Street Corp raised its holdings in shares of Camden Property Trust by 1.5% in the first quarter. State Street Corp now owns 4,488,687 shares of the real estate investment trust’s stock worth $361,144,000 after buying an additional 65,704 shares during the last quarter. Morgan Stanley raised its holdings in shares of 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 worth $281,763,000 after buying an additional 915,901 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of Camden Property Trust by 8.6% in the first quarter. Nuveen Asset Management LLC now owns 1,327,236 shares of the real estate investment trust’s stock worth $106,789,000 after buying an additional 105,014 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

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In related news, EVP William W. Sengelmann sold 5,085 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $90.15, for a total value of $458,412.75. Following the completion of the sale, the executive vice president now owns 71,836 shares in the company, valued at approximately $6,476,015.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President D Keith Oden sold 86,540 shares of the company’s stock in a transaction on Monday, August 7th. The shares were 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. In the last quarter, insiders sold 118,584 shares of company stock valued at $10,618,035. 4.70% of the stock is owned by insiders.

A number of research analysts have issued reports on CPT shares. Royal Bank Of Canada raised their price target on shares of Camden Property Trust from $91.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. BidaskClub raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. KeyCorp raised their price target on shares of Camden Property Trust from $93.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, September 15th. Sandler O’Neill raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $93.00 to $105.00 in a report on Tuesday, September 5th. Finally, Stifel Nicolaus started coverage on shares of Camden Property Trust in a report on Friday, September 1st. They issued a “buy” rating and a $99.00 price target for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $91.07.

Camden Property Trust (CPT) opened at 93.71 on Wednesday. Camden Property Trust has a one year low of $75.36 and a one year high of $96.39. The company’s 50 day moving average is $90.94 and its 200 day moving average is $85.62. The stock has a market cap of $8.22 billion, a PE ratio of 20.96 and a beta of 0.38.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $222.40 million during the quarter, compared to the consensus estimate of $222.44 million. During the same quarter in the prior year, the firm earned $1.15 EPS. Camden Property Trust’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities research analysts expect that Camden Property Trust will post $1.71 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 29th will be given a $0.75 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.00 annualized dividend and a yield of 3.20%. Camden Property Trust’s dividend payout ratio (DPR) is 67.11%.

Camden Property Trust Company Profile

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

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