TD Asset Management Inc. Invests $24.03 Million in Camden Property Trust (NYSE:CPT)

Share on StockTwits

TD Asset Management Inc. bought a new position in Camden Property Trust (NYSE:CPT) in the 2nd quarter, HoldingsChannel reports. The fund bought 230,169 shares of the real estate investment trust’s stock, valued at approximately $24,027,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CPT. World Asset Management Inc lifted its holdings in shares of Camden Property Trust by 1.6% in the 2nd quarter. World Asset Management Inc now owns 6,446 shares of the real estate investment trust’s stock worth $673,000 after purchasing an additional 99 shares during the last quarter. 6 Meridian lifted its holdings in shares of Camden Property Trust by 2.0% in the 2nd quarter. 6 Meridian now owns 5,273 shares of the real estate investment trust’s stock worth $550,000 after purchasing an additional 101 shares during the last quarter. NEXT Financial Group Inc lifted its holdings in shares of Camden Property Trust by 15.4% in the 2nd quarter. NEXT Financial Group Inc now owns 898 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 120 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its holdings in shares of Camden Property Trust by 5.2% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 2,610 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 130 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its holdings in shares of Camden Property Trust by 1.2% in the 1st quarter. First Republic Investment Management Inc. now owns 16,455 shares of the real estate investment trust’s stock worth $1,670,000 after purchasing an additional 197 shares during the last quarter. Institutional investors own 92.88% of the company’s stock.

Shares of Camden Property Trust stock opened at $106.18 on Friday. The business’s fifty day moving average price is $106.25 and its two-hundred day moving average price is $102.44. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $9.98 billion, a P/E ratio of 22.26, a PEG ratio of 2.96 and a beta of 0.45. Camden Property Trust has a 1-year low of $83.67 and a 1-year high of $110.42.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.84). The business 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 firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 EPS. On average, research analysts expect that Camden Property Trust will post 5.08 earnings per share for the current fiscal year.

Several brokerages recently issued reports on CPT. Citigroup raised their price target on Camden Property Trust from $100.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. DA Davidson downgraded Camden Property Trust from a “buy” rating to a “neutral” rating in a report on Tuesday, July 23rd. KeyCorp raised their price target on Camden Property Trust from $105.00 to $112.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. SunTrust Banks raised their price target on Camden Property Trust to $108.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Finally, Zacks Investment Research downgraded Camden Property Trust from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Camden Property Trust presently has an average rating of “Buy” and a consensus target price of $102.85.

In other Camden Property Trust news, Director William F. Paulsen sold 1,979 shares of Camden Property Trust stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $102.19, for a total transaction of $202,234.01. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Richard J. Campo sold 60,000 shares of Camden Property Trust stock in a transaction on Tuesday, June 11th. The shares were 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 in the company, valued at approximately $28,852,203.36. The disclosure for this sale can be found here. Insiders have sold a total of 117,658 shares of company stock worth $12,417,641 in the last ninety days. 3.40% of the stock is owned by company insiders.

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.

Recommended Story: What does it mean to hold a stock in street name?

Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPT).

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

Receive News & Ratings for Camden Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.